TOPICS TO BE COVERED

Introductions, expectations and program overview

Good practice framework and tools

• Key financial management concepts
• The Seven Principles and Four Building Blocks
• Who does what in financial management
• Getting organized – coding structures

Financial planning essentials 

• The financial planning process
• Activity-based budgeting in project management
• Phasing budgets for project monitoring
• Cash flow forecasting – having cash when you need it
• Managing multiple donor-funded projects

Accounting essentials 

• Which records you need to keep - and why
• The financial accounting process
• The 3 Ps of procurement: process, people and paperwork

Financial reporting essentials - internal reports 

• Financial reports – who needs what and when?
• Understanding the budget monitoring report
• Variance analysis in project budget management
• The impact of ‘commitments’

Financial reporting essentials - external reports 

• Donor reporting and monitoring
• Understanding the annual financial statements
• Ratio analysis techniques

Internal control essentials 

• Four key actions: direct, protect, detect, correct
• Internal control in the field: what goes wrong and how to fix it
• The role of audit and the auditor’s report