Financial Management for Development Professionals (FMD Pro) Flex

Financial Management for Development Professionals (FMD Pro) Flex:

Dec 11 2019 - Feb 4 2020

Location: eLearning (Virtual)

Language: English

Prices

Early - Oct 27 Regular - Dec 08
Member;Non-Member $175 $175

Agenda

Introductory module 

Get Started 

  • Welcome and introductions
  • What is FMD Pro?
  • Overview of the course and learning outcomes
  • Course case studies

Module 1 

Foundations for strong financial management

  • What is financial management?
  • Key financial management frameworks
  • The finance manual
  • Review activity: Finance Health Check 

Module 2 

Accounting for programs 

  • Why do we need accounting records?
  • Accounting processes and tools
  • The 3 Ps of Procurement
  • Review activity: Finance Health Check 

Module 3 

Financial planning - processes and tools 

  • The financial planning process
  • Budgets and budgeting for program management
  • Review activity: Finance Health Check

Module 4 

Practical budgeting 

  • Activity-based budgeting
  • Creating budgets for funding partners
  • Budget narratives
  • Activity: Creating a mini project budget

Module 5 

Financial monitoring and reporting 

  • Financial monitoring and reporting tools in program management
  • Reporting to funding agencies and partners
  • Budget monitoring reports and variance analysis
  • Activity: Analyzing a budget monitoring report
  • Review activity: Finance Health Check

Module 6 

Managing internal risk 

  • Safeguarding program assets with internal controls
  • Responding to fraud and corrupt practices
  • Review activity: Finance Health Check
  • Reflection and action planning

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

eLearning (Virtual)
eLearning (Virtual)