FMD Pro 1: The Essentials of Financial Management

FMD Pro 1: The Essentials of Financial Management:

Aug 6 2018 - 9:00am - Aug 10 2018 - 5:00pm

Location: Yangon , Myanmar

Instructor(s):

Sareta Thomas , Fanny Bervoets

Language: English

Prices

Early - Jun 25 Regular - Aug 05
HUMENTUM MEMBERS $1,125 $1,250
NON-MEMBERS $1,295 $1,440

Agenda

Day 1                                      

Welcome and overview

  • Introductions, expectations and program overview

Key concepts of financial management

  • What is financial management and why is it important for NGOs?
  • Structure and governance of NGOs
  • Good practice frameworks: Seven principles and four building blocks of financial management
  • Financial management systems:the health check approach
  • Financial management systems: key organizing tools

Day 2        

Financial Planning           

  • Financial planning process
  • Types of budgets and their function
  • Practical approaches to building good budgets
  • Donor budgets and budget narratives
  • Consolidated budgets and core costs
  • Cash flow forecasting

Day 3        

Accounting Records

  • Which records should you keep?
  • Practical accounting basics: advances, cash book and petty cash
  • The accounting process: cash or accruals
  • Producing simple financial reports
  • Procurement: process, people and paperwork

Day 4

Financial Monitoring      

  • Financial information: who needs what, when and why?
  • Understanding financial statements
  • Using budget monitoring reports
  • Taking action to keep things on track: variances, out of date budgets and exchange rates
  • Overview of donor reporting

Day 5        

Internal Controls

  • The four internal control actions
  • The role of audit
  • Fighting fraud, bribery and corruption

Summary and close         

  • Action planning
  • Evaluation
  • Certificates

FMD Pro Level I

  • Examination

Venue

171, Upper Pansodan Road
Yangon
Myanmar

Hotel Information

Rose Garden Hotel
171, Upper Pansodan Road
Yangon, Myanmar
(+95) 1 371992 / (+95) 263440500
info@theroseyangon.com
www.therosetangon.com

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: banquet.rosegarden2016@gmail.com mentioning that you are attending Humentum training. You can benefit from the following preferential rates:

Single occupancy - USD 95
Double occupancy - USD 110