Finance Management for Ngo’s Training Workshop
Short Course Overview
Key thematic Areas of study
Fee Information
Short Course Overview
This Training is designed for non-financial project managers, NGO staff involved in programme planning, implementation and support. It will give the skills needed to set up strong financial systems and procedures, create project budgets, keep basic accounts, prepare and read financial reports.
Targeted participants:
Programme officers and managers who want to improve their skills in financial planning, control and reporting and government officers working in development projects. At the end of the training participants will be able to:
- Build project, donor and consolidated budgets using the activity-based budgeting technique
- prepare and use a simple cash flow forecast and financial monitoring reports
- prepare and reconcile an analyzed cashbook
- analyze financial statements and budget monitoring reports to assess performance
- assess strengths and weaknesses in your NGO’s internal control systems
- describe the four building blocks and the seven principles of financial
- management and the role they play in achieving good practice in financial management
- describe the financial management roles and responsibilities of board members, managers, finance and programme staff
- explain the importance of budgets in planning, control and decision-making
- explain the key components and language of a cash accounting system
- explain the link between budgets, accounting records and financial reports
- recognize that financial management is for everyone
- appreciate the central role of financial management in achieving an NGO’s objectives
- appreciate the importance of accountability and transparency in an NGO
Key thematic Areas of study
The following topics will be covered
1. Introduction to Financial Management
- Key principles and concepts of financial management
- Importance of Financial Management for NGOs
- Structure and governance of NGOs
- Good practice systems: the building blocks of financial management
- Finance Health Check
- System-design techniques
2. Financial planning
- Introduction to Financial Planning
- The Financial planning processes
- Cost structures
- Functions and types of budgets
- Practical approaches to building good budgets
- Cash flow forecasting
- Consolidated budgets and budgeting for core costs
3. Accounting records
- Introduction to Accounting Records
- Record Keeping
- The accounting process: cash or accruals
- Practical accounting: completing the cashbook
- Bank reconciliation
- Procurement – steps, people and paperwork
4. Financial monitoring
- Financial information – who needs what, when and why?
- Using financial statements
- Using budget monitoring reports
- Overview of donor reporting
5. Internal control systems
- How to minimize theft and fraud
- The role of audit
- Internal control policies and procedures development
- Summary of key messages
- Evaluation
Fee Information
Tailor-Made Course
We can also do this as a tailor-made course to meet organization-wide training needs. A training needs assessment will be done on the training participants to collect data on the existing skills, knowledge gaps, training expectations and tailor-made needs.
Training Cost
Onsite: USD 800
Online: USD 500
Duration: 5 days
Group Discounts Apply
For More information: Please: www@globalhumanitarianinstitute.org