Strategic Financial Management and Effective Budget Execution

Strategic Financial Management and Effective Budget Execution also called Strategic Financial Management provides the important elements for attaining a comprehensive budget preparation and effective execution system.

This course focuses on the risks and challenges likely to obstruct the operation of management and financial accounting processes and evaluate the techniques and tools needed to tackle them. It will highlight what constitutes strategic financial management and effective budget execution within the context of achieving their strategic and operational objectives.

Objective

• The budget execution process
• The Agenda of management control and expenditure monitoring
• Design and implementation of the Chart of Accounts (COA)
• Procurement planning and the use of Public-Private Partnerships (PPPs)
• Advance techniques of Costing principles
• Impact planning and budgeting on cash-flows and profitability
• Integrated financial management information systems
• Designing robust financial performance methods
• Management accounting system Vs Financial accounting system
• Advance techniques to back effective decision-making