Financial Management For Donor-Funded Projects
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 course is designed to enhance the competency of accounting professions. This training course was also created to enhance the effectiveness and efficiency in the acquisition and utilization of donor funds for advancement purposes, using proper application and techniques of accounting and finance concepts
Objectives:
- Accounting principles and procedures within the planning of financial statements
- Preparation of Work Plan, budgets and cash flow management
- Analyze and interpret information as discovered in financial statements.
- Compliance with prerequisites, legal and administrative framework
- Identifying various elements of donor funding.
- Costing factors of Donor Funded Projects
- Monitor and evaluate donor-funded projects.
- Disbursement factors of Donor Funded Projects
- Project management techniques
- Outline and assess the convenience of the authorized provisions governing the procurement along with usage of donor funds.
- Compliance Regulatory & Governance and Risk management
- Prepare & effectively manage the arrangement of budgets for donor funds.