Financial Management for Donor-Funded Projects Training Verified listing

Course Overview

This course is designed to equips participants with the knowledge and practical skills necessary to navigate the unique financial management challenges associated with donor-funded projects.

By the end of this course, participants will be able to understand:

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.

Target Audience:

Project managers, Finance managers, and Administrators involved in donor-funded projects

Individuals seeking to enhance their financial management skills specific to donor-funded initiatives.

Course Duration: 10 days

Course Outline

Module 1: Introduction to Donor-Funded Projects

Overview of donor-funded projects and their significance
Types of donors and funding sources
Unique financial management challenges in the context of donor funding

Module 2: Fundamentals of Financial Management

Core principles of financial management
Budgeting for donor-funded projects
Financial planning and forecasting

Module 3: Compliance and Regulatory Framework

Understanding donor regulations and compliance requirements
Overview of international financial standards and reporting
Navigating legal and regulatory frameworks for donor-funded projects

Module 4: Project Budgeting and Proposal Development

Developing comprehensive project budgets
Aligning budgets with project goals and donor expectations
Strategies for effective proposal development and budget justification

Module 5: Financial Controls and Internal Policies

Establishing internal financial controls
Designing and implementing financial policies and procedures
Internal and external audit requirements for donor-funded projects

Module 6: Monitoring and Reporting

Implementing effective financial monitoring systems
Regular reporting to donors: financial and narrative reporting
Utilizing financial reports for decision-making and accountability

Module 7: Risk Management in Donor-Funded Projects

Identifying and assessing financial risks
Strategies for mitigating financial risks in donor-funded projects
Contingency planning and crisis management

Module 8: Procurement and Contract Management

Procurement policies and procedures for donor-funded projects
Contract management and compliance
Ensuring transparency and fairness in procurement processes

Module 9: Financial Sustainability and Exit Strategies

Developing financial sustainability plans
Planning for project exit and sustainability post-funding
Building partnerships and diversifying funding sources

Module 10: Case Studies and Practical Applications

Analyzing real-world examples of financial management in donor-funded projects
Group discussions on challenges and solutions
Practical exercises to reinforce learning