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24 Mar 2018

FMD Pro 1- Financial management for humanitarian and development professionals

Job Description

FMD Pro 1- Financial management for humanitarian and development professionals

Key information

DATE 21th  – 26thApril  2018
COURSE LENGTH 6 Days
TIME 4:30pm- 7:00pm
LOCATION Himilo Hotel, Bulo Hubey
FEES $100 (Training, refreshment and Online FDM Pro 1 Exam and FMD Pro 1 Certificate)

ABOUT COURSE

Across the world, every day, organizations are implementing change through development, humanitarian, and conservation projects. Hundreds of millions of people depend on the ability of development organizations to deliver project results effectively and efficiently.

Organizations working in this sector operate in a rapidly changing and competitive world. To thrive and survive in this challenging environment, they need to develop the confidence and skills to manage, and be seen to manage, their projects well.

However, delivering project results effectively and efficiently is a complex challenge. Project teams must work together to produce deliverables and, in the process, deal with issues and tensions that are internal and external to the team. To succeed, the team needs to plan, implement, monitor, and adapt its activities in a number of discipline areas—risk management, time management, stakeholder management, human resources, financial management, and more.

This practical course focuses on one of the most critical disciplines needed to ensure project success—financial management. It focuses on the fundamentals of financial management in the context of projects in development, humanitarian, and conservation sectors. It will give you, the project team member, a firm foundation for managing the finances of your projects. It provides a contextualized, comprehensive, and adaptable resource for anyone managing project finances in these sectors.

COURSE TARGET AUDIENCE

This practical Course is written for project team members who are not finance specialists and work in the development, humanitarian, and conservation sector. It is not designed for any specific organization or financial system but instead is intended to provide the fundamental skills that project team members need regardless of the organization or system they use.

HOW THE COURSE IS ORGANIZED

This course is organized into two sections.

Section 1: AN OVERVIEW OF KEY PRINCIPLES AND CONCEPTS OF FINANCIAL MANAGEMENT

This section introduces the key concepts and tools that are referred to throughout the entire course. It includes models for assessing good practice in financial management and explores the different roles and responsibilities required at a project level. Financial management is an essential leadership skill for a competent project manager and an approach that should be embedded within the processes and understanding of all project teams. Some staff will have more responsibility than others for managing resources but at a minimum everyone should understand the basics.

Section 2: THE FOUR BUILDING BLOCKS OF FINANCIAL MANAGEMENT

This section is composed of four easy-to-read modules that cover the essential skills and tools of project financial management. These are:

  1. Accounting Records
  2. Financial Planning
  3. Financial Monitoring
  4. Internal Control

The Course has drawn from good practice in both the public and private sectors, making use of tried and tested approaches and adding new tools to enhance ways of working.

Course Outline

Module 1:  KEY PRINCIPLES AND CONCEPTS OF FINANCIAL MANAGEMENT

  • What is financial management?
  • Why is it important for NGOs?
  • Structure and governance of NGOs
  • Good practice systems: the building blocks of financial management

Module 2: ACCOUNTING RECORDS

  • Why do we need to keep accounts?
  • Which records should you keep?
  • The financial accounting process
  • Procurement – steps, people and paperwork

Module 3: FINANCIAL PLANNING

  • Financial planning in programs.
  • Different forms and types of budget.
  • Using a budget worksheet in activity-based budgeting
  • Budgeting for indirect project costs
  • Summarizing and consolidating project budgets.
  • Creating budgets for funding agencies
  • How to write budget narrative and justification
  • The phased budget
  • Excel tips and tricks for budgeting

Module 4: FINANCIAL MONITORING

  • Overview of financial reports.
  • Budget monitoring report: how it works.
  • Analyzing budget monitoring reports (Budget Variances) and how to justify.
  • Taking action on variances.
  • Budget forecast reports.
  • The cash flow report.
  • Reporting to funding partners.
  • Reporting to partner communities.

Module 5: INTERNAL CONTROL

  • Why internal controls matter.
  • The four actions model for internal control.
  • Deterring and detecting corrupt activities.
  • Addressing fraud.
  • Managing the risk of bribery.

TRAINING METHOD

  • Practical application of Financial Management tools and templates
  • Participant-led presentations
  • Interactive group exercises and discussions
  • Relevant and concise course material

INQUIRIES:

For further inquiry on the course, please contact the organizers on the following contacts:

MOBILE: +252 (0)618333222 EMAIL: info@sitco.so

To participate, please apply online through the link: http://www.sitco.so/fmd-pro-1-financial-management-for-humanitarian-and-development/

CERTIFICATION

FMD Pro provides a certification-based, sector-wide standard for non-financial managers in the sector. To take the FMD Pro 1 Certification Exam, offered on the last day of the training, you will need to bring a laptop with the ability to connect to Wi-Fi.


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