FINANCIAL MANAGEMENT FOR NON FINANCIAL MANAGERS

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Course Description

Financial management is vital for the general management of  water supply and sewerage utilities. The decisions made without understanding the financial   consequences may affect the performance of the utility. This training course aims to raise awareness of the participants regarding the role of financial management. This training course addresses issues related with financial management cycles, roles and tools, accounting, cost of service, tariff setting and capital planning. Participants will gain the necessary knowledge and skills to use financial information to make better short-term and long-term decisions.

Target Group

This training course has been developed for professionals of water supply and sewerage utilities, and it is especially useful for managers,directors and every employee interested in gaining basic financial knowledge.

Objectives of the Training Course

At the end of this training course, the participants will be able to:

• Recognize the role of financial manager and other individuals in the utility involved with financial management;
• Discuss the use of financial statements as a financial management tool;
• Identify different financial management tools that can be used in your utility;
• Define revenue requirements for your utility;
• Identify operating and maintenance expenses;
• Recognize the general objectives behind Water Regulatory Authority tariff policy;
• Analyse a tariff structure;
• Identify capital expenditures;
• Weigh factors which affect capital planning;
• Analyse capital projects;
• Determine cash and non-cash benefits of each project;
• Conduct a benefit-cost analysis.

Training Method

The training is based on lectures presented in PowerPoint, combined with discussions and case studies. In addition to lectures and discussions, participants will analyse specific case studies.

Training Course Material

The participants of this training course will be provided with the Training Manual “Financial Management for Non-Financial Managers”. In addition,  the  participants will receive certificates of attendance.

Registration Fee

Members  of SHUKALB/SHUKOS: 22,000 ALL/person

Non-members: 25,000 ALL/person.

This fee includes course materials, coffee and lunch breaks.

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