Course Overview
The effective use and deployment of donor funds for various projects demand careful utilization and timely reporting mechanisms to the funders. It is only when funds are effectively managed in accordance with the donor’s requirements will there be the motivation for reimbursement of financial resources.
This course is designed to promote improved compliance with operational policies and donor agency procedures on effective financial management, and to empower participants on the use of various disbursement methods and the use of periodic project management reports (PMRs) in line with donor agency disbursement and requisition requirement.
This training course will enhance participants with effectiveness and efficiency in the acquisition and utilization of donor funds for advancement purposes, using proper application and techniques of accounting and finance concepts.
Course Duration
10 Days
Who Should Attend
- Project managers and coordinators of donor-funded projects
- Financial officers and accountants working with NGOs, CSOs, and other non-profits
- Grant managers and administrators
- Development professionals involved in donor-funded initiatives
- Auditors and compliance officers
- Government officials managing externally funded projects
- Any professional interested in improving their financial management skills in the context of donor-funded projects
Course Objectives
By the end of this course, participants will be able to:
- Understand the key principles and practices of financial management in donor-funded projects.
- Develop and manage project budgets effectively.
- Prepare accurate financial reports that meet donor requirements.
- Implement strong internal controls to ensure financial integrity.
- Conduct financial audits and ensure compliance with donor agreements.
- Manage relationships with donors and stakeholders.
- Apply risk management strategies to financial management.
- Utilize financial management software tools.
- Navigate challenges and complexities in financial management of donor-funded projects.
- Develop strategies for sustainable financial management beyond the life of the project.
Course Outline:
Module 1 -Financial Management of Donors Fund - Overview
- Introduction
- Financial management of donor funds
- Objectives of donor funds
- Disbursement procedures of donor funds
- Revenue planning and cash management
Module 2 - Financial Statements- (Understanding, Interpretation and Analysis)
Understanding Financial Statements
- Income Statements
- Balance Sheet Statements
- Cash Flow Statements
Interpretation and Analysis of Financial Statements
Module 3 - Costing of Donor Funded Projects
- Concepts & types of costs
- Costing and cost reduction strategies
- Marginal, Absorption and Activity Based Costing
- Debt Management strategies & Techniques
- Management of Accounting & Decision making
Module 4 - Budgeting of Donor Funded Projects
- Preparation of Work Plan
- Types of budgets
- Budgeting & Investment appraisal
- Preparation of Budget reports
- Auditing – Internal Controls
Module 5 -Management of Donor Funded Projects
- The Donor – Lending, types of loan, Co-financing
- Legal Provision
- Project Break-Even Analysis
- General Withdrawals Arrangement
- Withdrawal Arrangements for (SOES)
Module 6 - Disbursement of Donor Funded Projects
- Statement of Expenditure (SOES)
- Special Accounts (SAS)
- Disbursement Reports and loan repayment
- Procurement of Goods, Works and Services
- Accounts and Audit
Module 7 - World Bank Financed Projects
- Types of Loans and Projects
- Project Implementing Agencies
- Project Preparation and Execution
- Project Financing
- Procurement of Goods and Services
Module 8 - Project Management
- Project cycle management
- Project planning & scheduling
- Critical path and network analysis
- Project Monitoring & Evaluation and Reporting
- Evaluation of international aid offers
Module 9 - Compliance Regulatory& Governance
- Understanding of compliance regulatory
- Principles of governance according to international requirements
- Accountability, Probity & Transparency
- Conflict, time and stress
- Governance and anti-corruption agenda
Module 10 - Risk Management
- Risk monitoring and control and control frameworks
- Regular financial reporting and independent audits
- Internal control policies & procedures
- Fraud prevention and detection
- Best Practices in Project finance Management
- Wrap-Up & closing
Customized Training
This training can be tailored to your institution needs and delivered at a location of your choice upon request.
Requirements
Participants need to be proficient in English.
Training Fee
The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.
Certification
A certificate from Ideal Sense & Workplace Solutions is awarded upon successful completion.
Accommodation
Accommodation can be arranged upon request. Contact via email for reservations.
Payment
Payment should be made before the training starts, with proof of payment sent to outreach@idealsense.org.
For further inquiries, please contact us on details below:
