Financial Management for Development Professionals (FMD Pro)

Financial Management for Development Professionals (FMD Pro):

Oct 20 2019 - 8:30am - Oct 24 2019 - 5:00pm

Location: Dubai , United Arab Emirates

Language: English

Prices

Early - Sep 08 Regular - Oct 19
NON-MEMBERS $1,295 $1,440
HUMENTUM MEMBERS $1,125 $1,250

Agenda

Day 1                                      

Welcome and overview

  • Introductions, expectations and program overview

Key concepts of financial management

  • What is financial management and why is it important for NGOs?
  • Structure and governance of NGOs
  • Good practice frameworks: Seven principles and four building blocks of financial management
  • Financial management systems:the health check approach
  • Financial management systems: key organizing tools

Day 2        

Financial Planning           

  • Financial planning process
  • Types of budgets and their function
  • Practical approaches to building good budgets
  • Donor budgets and budget narratives
  • Consolidated budgets and core costs
  • Cash flow forecasting

Day 3        

Accounting Records

  • Which records should you keep?
  • Practical accounting basics: advances, cash book and petty cash
  • The accounting process: cash or accruals
  • Producing simple financial reports
  • Procurement: process, people and paperwork

Day 4

Financial Monitoring      

  • Financial information: who needs what, when and why?
  • Understanding financial statements
  • Using budget monitoring reports
  • Taking action to keep things on track: variances, out of date budgets and exchange rates
  • Overview of donor reporting

Day 5        

Internal Controls

  • The four internal control actions
  • The role of audit
  • Fighting fraud, bribery and corruption

Summary and close         

  • Action planning
  • Evaluation
  • Certificates

FMD Pro Level I

  • Examination

Venue

Al Muraqqabat Street
Deira
United Arab Emirates

Hotel Information

Coral Dubai Deira
Al Muraqqabat Street, Deira
Dubai
United Arab Emirates
Phone: +971 4 224 8587

Participants are responsible for arranging their own hotel/lodging accommodations.