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