Course description
The effective use and deployment of donor funds for various projects demand careful utilization and timely reporting mechanisms to the funders. It is only when funds are effectively managed in accordance with the donor’s requirements will there be the motivation for reimbursement of financial resources.
Financial Management, Budgeting and Auditing of 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.
This training course was also created to enhance the effectiveness and efficiency in the acquisition and utilization of donor funds for advancement purposes, using proper application and techniques of accounting and finance concepts.
Upcoming start dates
Upcoming start dates
Suitability - 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.
Outcome / Qualification etc.
Financial Management, Budgeting and Auditing of Donor Funded Projects training course , you will be able to :
- 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.
Training Course Content
Day 1
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
Day 2
Financial Statements- (Understanding, Interpretation and Analysis)
- Understanding Financial Statements
- Income Statements
- Balance Sheet Statements
- Cash Flow Statements
- Interpretation and Analysis of Financial Statements
Day 3
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
Day 4
Budgeting of Donor Funded Projects
- Preparation of Work Plan
- Types of budgets
- Budgeting & Investment appraisal
- Preparation of Budget reports
- Auditing – Internal Controls
Day 5
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)
Day 6
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
Day 7
World Bank Financed Projects
- Types of Loans and Projects
- Project Implementing Agencies
- Project Preparation and Execution
- Project Financing
- Procurement of Goods and Services
Day 8
Project Management
- Project cycle management
- Project planning & scheduling
- Critical path and network analysis
- Project Monitoring & Evaluation and Reporting
- Evaluation of international aid offers
Day 9
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
Day 10
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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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...