FMD Pro 1: The Essentials of Financial Management
FMD Pro 1: The Essentials of Financial Management:
Sep 17 2018 - 8:30am - Sep 21 2018 - 5:00pm
Location: Nairobi , Kenya
Offering Organization: Mango
Instructor(s):
Hilda Hakiza
Language: English
Prices
Early - Aug 06 | Regular - Sep 16 | |
---|---|---|
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- Taking action to keep things on track: variances, out of date budgets and exchange rates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
Nairobi