Advanced Financial Management for Donor Funded Projects
Everyone involved in working with NGOs shares the responsibility of making sure that their limited resources are used to help people effectively. Good practice in financial management will help NGO staff to use programme funds to maximum effect, now and in the future. Good financial management is critically important for NGOs. You cannot achieve your goals without it. Financial management is everyone’s responsibility – trustees and programme managers as well as finance staff. Good financial management depends on programme staff and finance staff working together and integrating good practice into their everyday work. Effective use of resources depends on field staff making informed decisions. This provides critical financial information for effective decision-making. This training course harmonizes accounting and financial management procedures in order to promote improved compliance with the financial reporting and control requirements of national governments as well as international finance institutions
Objectives
- Build activity-based project budgets, cashflow forecasts and funding grids for effective programme planning and implementation
- Prepare project accounts and simple financial reports
- Analyse financial reports to inform and support programme management decisions
- Review grant contracts to ensure systems comply with donor rules
- Use Mango’s financial health check to identify strengths and weaknesses in financial systems
- Use the risk mapping technique to assess the financial risks facing their (or partner) NGOs
- Build a financing strategy to promote continuity and security of financial resources for their (or partner) NGOs, including how to build reserves and manage central support costs