Organization: Asset Africa Institute
Registration deadline: 28 Feb 2017
Starting date: 07 Mar 2017
Ending date: 10 Mar 2017
Dear Partner,
Asset Africa Institute, (www.assetafrica.co.ke), is pleased to announce the following training coming up in March 2017 in Nairobi, Kenya.
Training Title: Advanced Financial Forecasting and Modeling Workshop
Date: 7th -10th March 2017
Venue: Nairobi, Kenya
Duration: 3 ½ Days
Cost: USD 795
Need for Training
All organizations, large or small, have the difficulty responsibility of predicting their financial prospects. This function is as true in profit oriented organizations as it is among the public benefit organizations that mostly rely on fluctuating donor funding but still have to incur fixed expenses –rent, rates, staff emoluments, program cost among others. Thus, organization staff managing funds, and also those making finance –related policy decisions need to possess excellent skills in building financial forecasting models to guide decision making in those organizations/programs.
Overall Objective
This training enables you to have very good ability to build accurate forecasting models and use the data to scientifically measure your organization’s revenue and expenditure trends, costs and risks and use the data to arrive at credible conclusions for decision making.
What you will gain from this training
- Ability to keep your organization out of financial difficulties through (early) recognition of latent financial hazards and possible deficits
- You will be skilled on how to utilize forecasting tools and data to accurately determine the actual financial operation of your organization against the forecast to guide your decision making processes including making of essential amendments.
- Provide the necessary financial leadership to your organization including controlling organization’s cash flow
- Use the information to guide your resource mobilization strategies
- Demonstrate the Financial feasibility of a (new) project/program to grantors thus increasing the possibility of accessing donor funding-(this is key especially for those in the micro finance sector)
- When organizations/Institutions/Departments properly do their financial forecasts, they are able to identify their short/longer term financial requirements and can subsequently justify the need for borrowing or for further budgetary support from the government/line ministry
- Financial Forecasting data will help you to determine when your organization will have financial surpluses or deficits and management responses to such situations
Summary Training Course Content
- Introduction-Why should you be trained (have further training) in Financial Forecasting?
- Is Financial Forecasting necessary for NGOs/Public Benefit Organizations?
- Definition of Terms:
- Forecasting Vs. Planning
- Characteristics of a good Financial Forecast-How does each one of these apply to your organization?
- Need for financial forecasts in development organizations
- Cash Flow Financial Forecasting Methods for Not for Profit Organizations
- The Link between Financial Modeling, Decision Making and Project Viability, Effectiveness and Sustainability
- Processes of building Robust Financial Forecasts and Models
- The role of Financial Forecasting and Budget Making for Donor Funded Projects
- Key Tips in the Design of Financial Forecasts
- Tools for Financial Forecasting
- Analyzing and Using forecast data
- Communicating Forecast Data to Decision Makers in your Organization
- Risk Analysis Techniques for Forecasting Models
- How to Integrate Organization “Business: Drivers into Organization Financial Forecasts
- Working with advanced Excel modeling techniques- simulation add-ins, Monte Carlo simulations
- Creating own models-“real organization situations”
- Determining/Justifying the validity of your forecasts to Team & Policy Makers
Who Should Attend
Middle to Senior Level Financial Managers, Analysts, Project Accounts, Budgeting Officer & Budget Holders, Directors with Financial Education Backgrounds
Participants are advised to bring a laptop and several financial scenarios you may want discussed at such senior plenary.
Training Methodology
Dynamic, creative, participant centered, practical, interactive, interesting adult learning methodologies and diverse media are applied to lift the participants to high levels of proficiency. After-training, follow-up and remedial coaching will be offered to interested participants on request for free.
About the Organization
Asset Africa Institute (www.assetafrica.co.ke)-AAI--AAI-) has distinguished itself as the training provider of choice among development organizations. AAI specializes in the research, design and delivery of high quality and affordable training programs for development workers worldwide. We work with a team of high end consultant base of more than 130 highly educated and experienced professionals many of whom are involved in post doctoral research work. Over the years, AAI has provided consultancies and training to such reputable organizations as: Federal University, Birnin Kebbi-Nigeria, African Institute for Capacity Development (AICAD),Norwegian Church Aid-Zambia, ACOMIN-Nigeria, Tear Fund-DRC, CLEEN Organization-Nigeria, Love Botswana Outreach Mission, Islamic Relief-Somalia, National Museums of Kenya, Cornerstone Development-Uganda, International Organization for Immigration (South Sudan), Save Your Generation (SYG)-Ethiopia, Africa Rice Center (Africa Rice)-Benin, Rwanda Union of the Blind, Sasakawa Africa Association-Ethiopia, Harare Institute of Technology, Care International-Mali, Africa Centre of Excellence in Oilfield Chemicals Research (CEFOR) University of Port Harcourt, Nigeria, Mazommo Construction Company-Liberia, Addis Ababa University, Uganda Industrial Research Institute, IOM-Sudan**,** Integrated Development Organization(IDO),South Sudan, among others
To register for this seminar kindly contact:
Lillian Ateng’
Training Coordinator
Asset Africa Institute,
Trust Mansion Hse,
Tubman Road off Koinange Street
P.O. Box 12903 – 00100, Nairobi, Kenya
Phone: +254 -722 469454/720986965,
www.assetafrica.co.ke
Email: info@assetafrica.co.ke/assetafrika@gmail.com
How to register:
To enroll for this training, fill in the registration form attached and then email it to the attention of:
Lillian Ateng’
Training Coordinator
Asset Africa Institute
Trust Mansion Hse, Tubman Road off Koinange Street
P.O. Box 12903 - 00100
Nairobi, Kenya
Phone: +254 -722 469454/720986965