Financial Management for US Government Funding

Financial Management for US Government Funding:

Nov 8 2018 - 8:30am - Nov 9 2018 - 5:00pm

Location: Yangon , Myanmar


Shannon M. Meehan , Denise Wales

Language: English


Early - Sep 27 Regular - Nov 07
NON-MEMBERS $815 $910


Day 1 

Welcome and Overview

  • Introductions, expectations and program overview

Financial Management Fundamentals 

  • The Importance of Good Financial Management
  • Elements of a Strong Financial Management System

Cost Proposals (Budgets) to Support Program Descriptions

  • Budget Notes Development
  • Budget Review – Comparing Budget and Program Description
  • Relationship between Budget and Chart of Accounts
  • Cost Share

Daily Transactions and Internal Controls 

  • Petty Cash
  • Daily Entries
  • Job Cost Accounting

Timekeeping Systems

  • Personnel Activity Reports
  • Payroll Journal
  • Managing Time and Facilitating Collaboration

Managing Risk

  • Preventive Controls
  • System of Authorization
  • Segregation of Duties

Document / File Systems 

  • Filling System Options
  • Monthly Closings

Day 2 

Budget Management

  • Monthly “Budget vs. Actual” Reporting
  • Quarterly “Budget vs. Actual” Reporting
  • Budget Management Practices
  • Pipeline Reporting

Indirect Costs/Rates and Shared Cost Allocation

  • Overview
  • Provisional and Final Indirect Rates
  • Indirect Rate Calculation Methodologies
  • Accounting System Requirements
  • Shared Cost Allocation Methodologies

Financial Statements 

  • Purpose and Uses of Audited Financial Statements

Donor Audits

  • Preparing for an Audit
  • Areas of Audit Risk
  • Supporting & Managing the Audit
  • Corrective Action Plans 

Closing Out and Agreement 

Next Steps - Priority Setting 


  • Evaluations and closing words 



171 Upper Pansodan Road

Hotel Information

The Rose Garden Hotel 

171 Upper Pansodan Road, Yangon, Myanmar
T +95 1 371 992 / +95 9 26410 6805 M +95 9 969906208   

Participants are responsible for making their own hotel/lodging arrangements. 

We have been liaising with Ms Su Myat Khin at the hotel, who is very helpful. If you would like information about availability, please do contact the hotel directly using this email address: mentioning that you are attending Humentum training. You can benefit from the following preferential rates:

Superior Room: USD 95 net per room per night for Single occupancy
Superior Room: USD 110 net per room per night for Double occupancy