For operational and executive directors of services Financial Management

Setting up action plans and monitoring their implementation in the field.

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Pour les directeurs généraux Financial Management

For whom

  • Executive Directors
  • Exploitation Directors
  • Financial Directors
  • Executive Officers
  • Managers

Why follow this training?

The Water for All Chair offers thematic specialized sessions.

  • They bring together industry experts and are open to any water and sanitation professional.
  • Come and learn about the operational management of your unit and the operating processes, acquire new practices and new tools.
  • Innovate and upgrade your knowledge in the perspective of the evolution of your career.
  • Restructure your teams and equip your employees with new practices and organizations to support the reform of the sector.
  • Lead your drinking water or sanitation service towards excellence in continuity, quality, sustainability and accessibility.

OBJECTIVES OF THE MODULE:

Master the minimum financial knowledge to:

  • fulfil your responsibilities towards the supervising and governance bodies of the service.
  • diagnose the business on the basis of its accounts or a large investment project.
  • understand the issues involved in the development and monitoring of budgets (operations and investments).
  • know how to set up delegation, control procedures and dashboards.

Training contents

GOALS:

Acquire the minimum amount of financial knowledge required to:

  • Assume responsibilities with regards to governance bodies and authorities
  • Understand the issues at stake in the company’s financial policy
  • Be capable of producing a diagnostic of the company, based on its accounts or on a major investment project

CONTENT:

  • The financial flows within a company
  • Basic financial tools: income statement, interim balance, balance sheet, working capital, working capital requirements, principal ratios, leverage effect
  • Financial diagnostic of a company.
  • Financial analysis tools for projects: NPV, IRR and pay back

SKILLS ACQUIRED:

  • Carry out a financial analysis.
  • Detect and resolve cash flow problems.
  • Evaluate the return on investment.

RECOMMENDED READING:

First section of “Corporate Finance” 2015 (Pierre Vernimmen, www.vernimmen.net )