12/08/2020
Training: Financial Management for NGOs
About the course
If humanitarian and development organizations are to thrive, managers need to develop the knowledge and confidence to make full use of financial management tools. This program offers five learning modules on basic financial management skills. These courses are designed to help managers make effective use of resources and gain the respect and confidence to prepare for long-term financial sustainability.
Who is this course for?
This course is designed for project team members who are not finance specialists, or for anyone who is new to finance and work in the development and humanitarian sectors. This course will also benefit those working at an administrative level in offering a basis for financial management.
Course outline
1. Financial Management Key Concepts
Start with the definition of financial management and explore some of the principles associated with it.
2. Accounting Records
Every organization must keep an accurate and complete record of all financial transactions that take place so they can show how funds have been used. Accounting records include both the physical paperwork (such as receipts and invoices) and the books of account where the transactions are recorded and summarized.
3. Financial Planning
Financial planning is essential for organizations to achieve both their longer-term strategic goals and shorter-term project objectives.
4. Financial Monitoring
This builds directly on the two previous blocks, accounting records and financial planning. We cannot have timely and reliable project financial reports without robust accounting records, and we must have good financial planning systems in place to help monitor progress. Financial monitoring in projects is all about having regular and up-to-date financial reports to review project progress and make resourcing decisions.
5. Internal Control
A strong system of internal control protects an organization's money, equipment and other financial resources. It helps to deter fraud and prevent errors in the accounting records, as well as protecting staff. We'll look in more detail at corruption and fraud in their various forms and identify ways to address them in your projects.
Course duration: 5 days
Course Deadline August 16, 2020
Contact and Address: 0633025182/0653025182, Telesom Street,Between Dahabshiil bank and Masjidul Madiina, Burao.