Financial Management for US Government Funding

Financial Management for US Government Funding:

Oct 11 2018 - 8:30am - Oct 12 2018 - 8:05am

Location: Addis Ababa , Ethiopia

Instructor(s):

Tobias Nyondo , Steve Kroll

Language: English

Prices

Early - Aug 30 Regular - Oct 10
NON-MEMBERS $815 $910
HUMENTUM MEMBERS $710 $790

Agenda

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 

Close

  • Evaluations and closing words 

 

Venue

Kazanchis Business District
Kirkos Subcity Kebele 17/18
Addis Ababa
Ethiopia

Hotel Information

Radisson Blu Hotel, Addis Ababa
Kazanchis Business District
Kirkos Subcity Kebele 17/18
Addis Ababa
Ethiopia

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

We have arranged discounted rates for our delegates as follows:
Standard room rate: 189.75 USD per night
Double room rate: 215 USD per night
Two-way airport shuttle service: 14 USD

These rates are inclusive of 26.5% service charge and VAT. Breakfast at the hotel restaurant is included and guests have complimentary WIFI access.

For reservations, contact:
reservations.addisababa@radissonblu.com or +251 11 515 7600 / 11 517 0400