Advanced Financial Management, Grants Management and Auditing for Donor Funded Projects Course
Corporate Finance, Banking and Auditing
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Advanced Financial Management, Grants Management and Auditing for Donor Funded Projects Course
Introduction:
Some organizations do not consider financial management a priority for themselves. This makes them less attractive for Donor Funds and Grants. Therefore, it is often the case that many of them entirely lack systems of financial planning and monitoring, which has a very adverse impact on their viability.
To achieve sustainable development in the tough actuality of today Organizations managers should develop the understanding and confidence that are necessary to use funds effectively and to be compliant with the Donor Regulations.
Advanced Financial Management, Grants Management & Auditing for Donor Funded Projects Training course is designed to enable those involved with grant management to become efficient and effective in the acquisition and utilization of funds for development purposes, using appropriate techniques and application of accounting and finance principles.
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
- Payroll Recording and Reporting
- Reporting
- Fundamental Budgeting procedures.
- Financial Statements Issuance proceedings.
- Financial Analysis and contrasts to Budgets.
Preparation of Auditing Procedures
- Planning and publishing the audit schedule
- Periodic reports
- Project Management reports
- Financial Reporting (Periodic Requirements) • The role of government in donor funded projects.
see more: Financial Management, Budgeting and Auditing of Donor Funded Projects Course