Course Overview
Effective budgeting and financial management are critical to the success of NGO projects. Non-Governmental Organizations (NGOs) often operate in resource-constrained environments and rely on donor funding, making the ability to plan, manage, and account for financial resources essential for sustainability and accountability. This 10-day training course is designed to equip participants with the knowledge, tools, and techniques necessary to develop comprehensive budgets, manage finances effectively, and ensure compliance with donor requirements and organizational objectives.
Course Duration
10 Days
Who Should Attend?
- Project Managers and Coordinators working in NGOs.
- Finance and Accounting Officers in development organizations.
- Grant Managers and Proposal Writers.
- Monitoring and Evaluation Officers.
- Senior Management and Directors of NGOs.
- Anyone responsible for the financial management of NGO projects.
Course Objectives
By the end of the course, participants will be able to:
- Develop and manage detailed project budgets aligned with organizational goals and donor requirements.
- Interpret and analyze financial statements to guide decision-making processes.
- Create financial reports that meet donor and regulatory standards.
- Understand cost allocation principles and apply them in budgeting and reporting.
- Utilize financial management tools to monitor project performance and ensure accountability.
- Identify and mitigate financial risks in NGO projects.
- Plan for the financial sustainability of NGO programs and operations.
Course Outline
Module 1: Introduction to Financial Management in NGOs
- Overview of NGO financial management challenges.
- Role of budgeting and financial management in project success.
- Key financial principles and terminology.
Module 2: Fundamentals of Budgeting
- Types of budgets and their purposes.
- Steps in the budgeting process.
- Linking budgets to strategic plans and project objectives.
Module 3: Budget Development
- Identifying costs and cost classification.
- Preparing activity-based and results-based budgets.
- Tools and templates for budgeting.
Module 4: Financial Planning and Cash Flow Management
- Preparing cash flow forecasts.
- Managing cash reserves for NGO projects.
- Techniques for addressing funding gaps.
Module 5: Financial Monitoring and Internal Controls
- Setting up systems for financial monitoring.
- Key performance indicators (KPIs) for financial health.
- Designing and implementing internal control systems.
Module 6: Donor Compliance and Financial Reporting
- Understanding donor regulations and requirements.
- Preparing accurate and timely financial reports.
- Addressing common reporting challenges.
Module 7: Cost Allocation and Recovery
- Principles of cost allocation.
- Recovering indirect costs in donor-funded projects.
- Strategies for achieving full cost recovery.
Module 8: Risk Management in Financial Management
- Identifying financial risks in NGO projects.
- Developing and implementing mitigation strategies.
- Financial fraud detection and prevention.
Module 9: Financial Sustainability for NGOs
- Diversifying funding sources.
- Building reserves and endowments.
- Planning for long-term financial sustainability.
Module 10: Practical Exercises and Case Studies
- Developing and presenting project budgets.
- Analyzing real-world NGO financial management scenarios.
- Action planning for implementing course learnings.
Customized Training
This training can be tailored to your institution needs and delivered at a location of your choice upon request.
Requirements
Participants need to be proficient in English.
Training Fee
The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.
Certification
A certificate from Ideal Workplace Solutions is awarded upon successful completion.
Accommodation
Accommodation can be arranged upon request. Contact via email for reservations.
Payment
Payment should be made before the training starts, with proof of payment sent to outreach@idealworkplacesolutions.org.
For further inquiries, please contact us on details below:
