Course Overview

Lessons

Share Exit Fullscreen Back to course

Mastering Financial Procedures For SMES

Introduction
- Course Overview
Module 1: Introduction to Financial Management for SMEs
- Introduction
- Importance of Devolved Financial Management
- Roles of SMC, Finance Committee, Administrator, CEOs
- Structure of the Finance Team
Module 2: Budgeting & Financial Planning
- Introduction
- Building a Termly Budget Linked to the SIP
- Budget Monitoring Tools
- Budget Adjustments and Virement Procedures
Module 3: Financial Control Systems
- Introduction
- Understanding Internal Controls
- Internal Audit Requirements
- Use of Accounting Software (e.g., SIMS)
- Record Retention and Access Control
Module 4: Procurement & Expenditure Management
- Introduction
- Understanding Procurement in Schools
- Approval Workflow for Expenditures
- Procurement Thresholds
- Competitive Tendering & Value for Money
Module 5: Income Management & Revenue Generation
- Introduction
- Mobile Money and Bank-based Income Receipts
- Weekly and Termly Income Reporting
- Letting Out School Premises
Module 6: Asset Management and Inventory
- Introduction
- Asset Register Essentials
- Annual Physical Checks
- Disposing of Obsolete Equipment
Module 7: Banking & Petty Cash Management
- Introduction
- Cheque Signing & Limits
- Petty Cash Float and Reimbursement Process
- Cash Flow Forecasting & Bank Reconciliation
Module 8: Data Security & Insurance
- Introduction
- Daily Backup Procedures
- Risk Exposure and Claims Process
- School Vehicle & Equipment Insurance
Module 9: Reporting & Accountability
- Introduction
- Monthly, Termly, and Annual Financial Reports
- Key Components of Financial Reports
- Reporting Schedule & Compliance
Module 10: Ethics & Integrity in Financial Management
- Introduction
- Conflicts of interest
- Declaration of Interests by SMC Members
- No Personal Gain Policy
Certification
- Certification Quiz