Financial Management, Budgeting and Auditing of Donor Funded Projects Course

Course Outline:

The aim of the Financial Management, Budgeting, and Auditing of Donors Funded Projects is to impart mastery in the management of donor funds to the participants.

It is expected that after this learning, learners will be able to comprehend such issues as accounting, preparation of financial reports, budgeting, and controlling cash flows for the projects that are donor funded.

They will acquire skills in cost management, legal and regulatory compliance, and sourcing and spending of donor funds. Other curriculum subjects pertaining to governance, transparency, and accountability are also available, namely risk management, project management processes, and auditing. 

This training is best suited for finance, procurement, or project management practitioners through provision of knowledge and skills necessary for implementation of donor budgetary projects and its compliance requirements.

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

Risk Management

• Risk monitoring and control and control frameworks
• Regular financial reporting and independent audits
• Internal control policies & procedures
• Fraud prevention and detection
• Best Practices in Project finance Management
• Wrap-Up & closing

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