Financial Management for USAID Funding

Financial Management for USAID Funding:

Sep 19 2019 - 8:30am - Sep 20 2019 - 5:00pm

Location: Lusaka , Zambia

Language: English

Prices

Early - Aug 08 Regular - Sep 18
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

10247 Great E,
Lusaka
Zambia

Hotel Information

Cresta Golfview Hotel

Address: 10247 Great E, Lusaka, Zambia
Phone: +260 211 290 770