Financial Management, Budgeting and Auditing of Donor Funded Projects
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Financial Management, Budgeting and Auditing of Donor Funded Projects Course
Introduction:
The successful utilization and allocation of donor funds for various projects necessitate careful management and timely reporting to the funders. Only when funds are managed effectively in accordance with the donor's requirements will there be a strong motivation for the reimbursement of financial resources.
The Financial Management, Budgeting, and Auditing of Donor Funded Projects training course is specifically designed to equip individuals involved in grant management with the skills to efficiently and effectively acquire and utilize funds for development purposes. The course focuses on the application of appropriate techniques and principles of accounting and finance.
Furthermore, this training program aims to enhance the effectiveness and efficiency in acquiring and utilizing donor funds for advancement purposes. It provides participants with a comprehensive understanding of accounting and finance concepts and their proper application in managing donor funds. By attending this course, individuals will be better equipped to navigate the financial aspects of donor funded projects and ensure the optimal use of resources.
Course Objectives:
At the end of this Financial Management, Budgeting and Auditing of Donor Funded Projects Training Course, learners will be able to do:
- 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.
Who Should Attend?
Financial Management, Budgeting and Auditing of Donor Funded Projects training course is ideal for:
- Finance Directors, Finance Managers, Procurement Directors, Procurement managers,
- Procurement officers, Administrators, Project officers, Budget Accountants, Auditors, Chief Accountants, Credit Controllers
- Managers and Officers are responsible for the management and accounting for donor funds.
- Anyone who wishes to reinforce their knowledge in managing to account for donor funds.
Course Outlines:
Financial Management of Donors Fund - Overview
- Introduction
- Financial management of donor funds
- Objectives of donor funds
- Disbursement procedures of donor funds
- Revenue planning and cash management
Financial Statements- (Understanding, Interpretation and Analysis)
- Understanding Financial Statements
- Income Statements
- Balance Sheet Statements
- Cash Flow Statements
- Interpretation and Analysis of Financial Statements
Costing of Donor Funded Projects
- Concepts & types of costs
- Costing and cost reduction strategies
- Marginal, Absorption and Activity Based Costing
- Debt Management strategies & Techniques
- Management of Accounting & Decision making
Budgeting of Donor Funded Projects
- Preparation of Work Plan
- Types of budgets
- Budgeting & Investment appraisal
- Preparation of Budget reports
- Auditing – Internal Controls
Management of Donor Funded Projects
- The Donor – Lending, types of loan, Co-financing
- Legal Provision
- Project Break-Even Analysis
- General Withdrawals Arrangement
- Withdrawal Arrangements for (SOES)
Disbursement of Donor Funded Projects
- Statement of Expenditure (SOES)
- Special Accounts (SAS)
- Disbursement Reports and loan repayment
- Procurement of Goods, Works and Services
- Accounts and Audit
World Bank Financed Projects
- Types of Loans and Projects
- Project Implementing Agencies
- Project Preparation and Execution
- Project Financing
- Procurement of Goods and Services
Project Management
- Project cycle management
- Project planning & scheduling
- Critical path and network analysis
- Project Monitoring & Evaluation and Reporting
- Evaluation of international aid offers
Compliance Regulatory& Governance
- Understanding of compliance regulatory
- Principles of governance according to international requirements
- Accountability, Probity & Transparency
- Conflict, time and stress
- Governance and anti-corruption agenda