Financial Management for Development Professionals (FMD Pro)

Financial Management for Development Professionals (FMD Pro):

Feb 24 2020 - 8:30am - Feb 28 2020 - 5:00pm

Location: Yangon , Myanmar

Language: English


Early - Jan 13 Regular - Feb 23
NON-MEMBERS $1,190 $1,400


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  • Taking action to keep things on track: variances, out of date budgets and exchange rates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


# 171 Upper Pansodan Road

Hotel Information

Rose Garden Hotel
# 171 Upper Pansodan Road
Yangon, Myanmar

Participants are responsible for booking their own hotel/lodging arrangements. Participants are not required to book accommodations at the workshop venue and are welcome to explore other nearby options.