eWorkshop: Financial Management for US Government Funding

Training

eLearning

eWorkshop: Financial Management for US Government Funding

October 30, 2017 to December 08, 2017

Online (your computer!)

Instructor(s):

Robby Vanrijkel

Language: English

Early - Sep 18 Regular - Oct 09 Late - Oct 30
HUMENTUM MEMBERS $820 $925 $1,030
NON-MEMBERS $1,030 $1,135 $1,240

Overview 

This online course will help individuals and organizations develop, implement, and maintain effective financial management systems to be eligible for US Government funding, reduce audit risk, and build effective collaboration across the organization. This highly participatory online program will offer you and your team the most comprehensive knowledge of the fundamentals of financial management of US Government funding, including budget management, maximizing cost recovery, and how to deal with donor audits and reviews.

Who Should Attend 

This course is designed for:

  • Finance, compliance, and program staff who manage budgets and reconcile activity costs with program budgets

Humentum encourages both finance and program staff from within an organization to attend this workshop together.

What You Will Learn 

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

  • Identify accounting system basics required to be eligible for US Government funding
  • Compile and assess accurate financial statements
  • Prepare and manage the audit process according to funding guidelines
  • Develop and manage budgets in support of programmatic success
  • Apply methods for recovering indirect costs

Learning Approach

Our training puts the learner at the center, using practical and fun learning activities, and easy-to-use materials. We share tools and techniques that can be immediately used in your work.

An eWorkshop is the online equivalent of being in a training room and learning together as a group but stretched out over a few weeks.  

Week 1

Know your regulations and your fellow participants 

  • Introductions and getting to know the eLearning site
  • Whole group icebreaker activities
  • Regulatory review activity

Week 2 

Indirect costs 

  • Difference between indirect costs and a NICRA
  • Team activity – analysing indirect cost rates
  • Individual activity – direct and indirect cost (distinguishing between the two)

Week 3 

Budgeting 

  • Team activity – develop a budget
  • Individual activity – budget narrative best practices

Week 4 

Internal controls and segregation of duties

  • Team activity – memo to the Director recommending improvements to petty cash, procurement, and authorizations
  • Individual activity – roles of program and finance staff

Week 5 

Monthly close and reporting 

  • Team activity – pipeline analysis
  • Individual activity – spot the mistakes in the SF 425 report

Week 6 

Audit and next steps

  • Whole group activity – getting ready for the audit
  • Individual activity – audit review and learning journal submission