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• Taking action to keep things on track: variances, out of date budgets and exchange rates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