Course Overview
Financial Management for Donor Funded Projects Course encompasses essential principles and practices needed to effectively manage, monitor, and report on the financial aspects of projects funded by international donors. Participants will gain practical skills in budgeting, financial reporting, auditing, and compliance with donor requirements.
Course Duration
5 Days
Who Should Attend
- Project managers and coordinators
- Financial managers and accountants
- Grant managers and administrators
- NGO staff involved in project financial management
- Government officials managing donor-funded projects
- Professionals seeking to improve their financial management skills for donor-funded projects
Course Objectives
By the end of this course, participants will be able to:
- Understand the key components of financial management for donor-funded projects.
- Develop and manage project budgets in line with donor requirements.
- Prepare accurate and compliant financial reports.
- Implement effective internal controls and financial monitoring systems.
- Conduct audits and ensure compliance with donor guidelines and regulations.
- Mitigate financial risks and enhance financial accountability in donor-funded projects.
Course Outline:
Module 1: Introduction to Financial Management for Donor-Funded Projects
- Overview of donor funding mechanisms
- Key principles of financial management
- Roles and responsibilities in financial management
Module 2: Budgeting and Financial Planning
- Budget development and approval processes
- Costing and pricing strategies
- Financial forecasting and cash flow management
Module 3: Financial Reporting and Compliance
- Preparing financial statements and reports
- Compliance with donor reporting requirements
- Financial monitoring and variance analysis
Module 4: Internal Controls and Auditing
- Designing and implementing internal controls
- Audit preparation and management
- Addressing audit findings and recommendations
Module 5: Risk Management and Financial Accountability
- Identifying and mitigating financial risks
- Enhancing transparency and accountability
- Case studies and best practices in financial management
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:
