Advanced Financial Management, Grants Management and Auditing for Donor Funded Projects
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Advanced Financial Management, Grants Management and Auditing for Donor Funded Projects Course
Introduction:
Financial management is often overlooked as a priority by some organizations, making them less appealing to potential donors and grant providers. Consequently, many of these organizations lack proper systems for financial planning and monitoring, which significantly impacts their viability.
In order to achieve sustainable development in today's challenging landscape, organizational managers must develop a solid understanding and confidence in effectively utilizing funds and complying with donor regulations.
The Advanced Financial Management, Grants Management & Auditing for Donor Funded Projects Training course is specifically designed to equip individuals involved in grant management with the necessary skills to efficiently and effectively acquire and utilize funds for development purposes. The course emphasizes the application of appropriate techniques and principles of accounting and finance.
By attending this training course, participants will gain the knowledge and tools to become more proficient in financial management, grants management, and auditing for donor funded projects. They will learn how to use appropriate accounting and finance principles to achieve sustainable development and meet the requirements of donors.
Course Objectives:
At the end of this Advanced Financial Management, Grants Management & Auditing for Donor Funded Projects Training Course, learners will be able to do:
- Identify and understand the critical terms and conditions of grant aid; for donor-funded projects
- Ensure compliance with donor terms and conditions;
- Providing supporting documents, correct procurement of goods and services and meeting financial reporting requirements;
- Managing multiple-funded program
- Provide tools for efficient Management of Donor- funded project
- Design and monitor donor budgets
- Prepare a donor financial report to match with a project narrative report;
- Describe the phases in the grant management cycle and clarify key responsibilities and routines needed for successful grant management;
- Identify the requirements for closing off a donor grant;
- Manage the relationship with donors, head office, and implementing partners with greater confidence
- Appreciate that finance and program staff must work closely for Successful grant management.
Who Should Attend?
Advanced Financial Management, Grants Management & Auditing for Donor Funded Projects Training course is designed for :
- Finance Directors, Finance Managers, Procurement Directors, Procurement managers,
- Procurement officers, Administrators, Project officers,
- Budget Accountants, Auditors, Chief Accountants, Credit Controllers
Course Outlines:
Overview of Grants Management Cycle
- Developing proposal
- Budgeting
- Types of costs
Grant Award Contract
- Award Review
- Fundraising Tips, Implementation, Compliance
- Eligible and ineligible costs
- Cost Share/ Matching costs
- Procurement Procedures
Grant Tracking Tools
- Costs eligibility, administration
- Program evaluation
- Grant Reporting
Financial Documentation and Reporting
- Documentation, Internal Controls; Audit, Narrative Reporting, Partnerships & consortia management, Donor Compliance,
- Personnel &Staff Issues (ethics): Contracts, Time sheets, Travel & Per diem: Itinerary, assigning,
- Assets & Inventory Management, Co-Financing.
Multi- Donor Funding, Indirect Costs & Contingencies, Close Out Procedures & the Final Tranche.
- Basic concepts in grant management
- Key challenges in grant management
- The grant management life cycle
- Grant management plan
Responsibilities and routines in grant management
- The flow of donor funds
- Assessing the terms and conditions in grant agreements
- Grant agreements, and accounting and procurement systems
- Complying with donor reporting requirements
- Managing key relationships for successful grant management
- community Development and Projects funding
- Funding requirements
- Project finance
- Capital Budgeting and Investment Appraisal
Donor Policies and procedures
- Complying with Donor procedures
- Disbursement methods
- Banking: Loan Management/Payment
- Expenditure Budgets
Project Budgeting and Planning
- Project Financial Management
- Financial Risk Analysis Techniques
- Financial Performance Measurement
- Budgeting and Budgetary Control
- Internal Control and Control Mechanism
- Integrated accounting & Financial Systems
- Accounting policies and systems
- Auditing of financial statements
- Management Control Framework
- Auditor’s duties and responsibilities
Knowledge of the Law in relation to accounts and audit
- Internal controls
- Risk assessment
- Code of professional Conduct and Ethics
Other Accounting Policies
- Debit and Credit Notes