FMD Pro 1: The Essentials of Financial Management

FMD Pro 1: The Essentials of Financial Management:

Jun 25 2018 - 8:30am - Jun 29 2018 - 5:00pm

Location: Istanbul , Turkey

Offering Organization: Mango

Instructor(s):

Gail Leeder

Language: English

Prices

Early - May 14 Regular - Jun 24 Late - Jun 25
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  • Taking action to keep things on track: variances, out of date budgets and exchange rates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

Kazliçesme Mah. Kennedy Cad. No.56 34025 Zeytinburnu
34025 Istanbul
Turkey
Location:

Novotel & ibis Istanbul Zeytinburnu
Kazlıçeşme Mah. Kennedy Cad. 
No:56 34025 Zeytinburnu / İstanbul

For Hotel Reservations, contact:
h5997-sb@accor.com 
T: (+90)212/4143600

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

Hotel Information

Novotel Istanbul Zeytinburnu
Kazlıçeşme Mah. Kennedy Cad.
No:56 34025 Zeytinburnu / İstanbul

For Hotel Reservations, contact:
H5997@accor.com
T: (+90)212/4143600

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