Available Online Courses at Summit

Online and Distance Learning Diploma Course in Financial Management

Start Date: 2nd Week of every Month

Financial Management

Course overview
Companies do not work in a vacuum, isolated from everything else. It interacts and
transacts with the other entities present in the economic environment. These entities
include Government, Suppliers, Lenders, Banks, Customers, Shareholders, etc. who
deal with the organization in several ways. Most of these dealings result in either money
flowing in or flowing out from the company. This flow of money (or funds) has to be
managed so as to result in maximum gains to the company.
Managing this flow of funds efficiently is the purview of finance. So we can define
finance as the study of the methods which help us plan, raise and use funds in an
efficient manner to achieve corporate objectives.
The successful financial manager of tomorrow will need to supplement the traditional
metrics of performance with new methods that encourage a greater role for uncertainty
and multiple assumptions. These new methods will seek to value the flexibility inherent
in initiatives – that is, the way in which taking one step offers you the option to stop or
continue down one or more paths. This Diploma Course in Financial Management will
not only equip students how to be prudent financial managers but also on how to deal
with tomorrow’s challenges in the field of Financial Management

Course Objectives

After completing the material in this Diploma Manual, you will be able to:

• Understand the meaning and nature of accounting.
• Differentiate between various types of accounting.
• Explain the importance of accounting
• Evaluate various capital investment alternatives.
• Calculate and interpret net present value (NPV).
• Calculate and interpret internal rate of return (IRR).
• Define working capital.
• Understand working capital management strategies.
• Construct a cash budget.
• Manage receivables and payables
• Analyze the financial statements of health care organizations using horizontal
• analysis, vertical (common-size) analysis, and ratio analysis.
• Calculate and interpret liquidity ratios, profitability ratios, activity ratios, and capital structure ratios

Module one
a) Introduction to Accounting
b) Accounting Concepts and Conventions
c) Recording Of Transactions- Voucher System, Accounting Process, Journal
d) Ledger Posting and Trial Balance
e) Subsidiary Books of Accounts
f) Preparation of Profit And Loss Account and Balance Sheet
g) Rectification of Errors
h) Accounting of Negotiable Instruments
i) Reconciliation of Bank Accounts
j) Single Entry System
k) Accounting for Depreciation

Module two
a) Introduction to Financial Management
b) Cost of Capital
c) Operating and Financial Leverage
d) Capital Budgeting
e) Capital Budgeting Evaluation Techniques
f) Capital Budgeting under Risk and Uncertainties
g) Working Capital Management
h) Cash Management and Marketable Securities
i) Management of Receivables
j) Inventory Management
k) Regulation of Bank Finance

Module three
a) Capital Structure Theories
b) Dividend Decisions
c) Working Capital Financing
d) Making Investment Decisions
e) Capital Budgeting Evaluation Techniques
f) Capital Budgeting and Risk
g) Analyzing the Lease versus Borrow-to-Buy Problem
h) Mergers and other forms of Corporate restructuring
i) International financial management

Module four

a) Ratio analysis
b) Reporting corporate performance
c) Reporting cash flows
d) Functions of management accounting
e) Classification of costs
f) Product costs: materials, labour and overheads
g) Break-even analysis and short-term decision making
h) Preparing a budget
i) Standard costs
j) Performance evaluation and feedback reporting

Course Organizers
Intex Management Institute was registered in 1983. We have been offering a wide
range of Human Resource Management training programs both online and open
workshops, building capacity to enhance effective service delivery for both NGOs and
CBOs such as Action Aid, World Health Organization, Amref, USAID, National Aids
Control Council, International Committee of the Red Cross .We have also worked with
large and medium organizations in the public and private sectors, National Hospital
Insurance Fund, Kenya Pipeline Corporation, Nairobi County Government, Kenya
Agricultural and Livestock Research Organization And Kenya Power and Lighting
Company among others.

Training Format:
• All materials are made available through Online or Distance Learning approaches
• Approximately 5-6 hours time commitment of your time per week
• At your own time schedule, no live participation needed
• Weekly feedback from committed instructors
• Participants are expected to submit weekly assignments electronically to earn
certificate of completion

Materials Provided:
Online delivery of curriculum materials, exercises and templates.

Course exercises
After they have read the material for each unit, students are expected to test their own Learning by completing some relevant exercises and tasks.

Course Assignments
In order to demonstrate their understanding of the course content, students will be required to submit Eight assignments and a Research Project paper.

Course Duration       :      32 Weeks (8Months)