Financial Management for USAID Funding

Financial Management for USAID Funding:

Feb 21 2019 - 8:30am - Feb 22 2019 - 5:00pm

Location: Maputo , Mozambique

Instructor(s):

Shannon M. Meehan , Joe OMeara

Language: English

Prices

Early - Jan 10 Regular - Feb 20
HUMENTUM MEMBERS $710 $790
NON-MEMBERS $815 $910

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

141 Av. Marginal
1100 Maputo
Mozambique

Hotel Information

Radisson Blu Maputo 
141 Av. Marginal
Maputo 1100, Mozambique

Click here for directions to Radisson Blu Maputo from Maputo International Airport.

For reservations, contact:
Tel: +258 (21) 242400, +258 822171710
Email: info.maputo@radissonblu.com

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