Financial Management, Budgeting and Auditing of Donor Funded Projects Course
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Financial Management, Budgeting and Auditing of Donor Funded Projects Course

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Mon 15 November 2021
- Hosted by upskill
Financial Management, Budgeting and Auditing of Donor Funded Projects Course
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Mon 15 November 2021 09:00 - Fri 26 November 2021 16:00
Meridian Hotel, Nairobi, Kenya
254721331808
Introduction

This course is designed to enable those involved with projects to become efficient and effective in the acquisition and utilization of funds for development purposes, using appropriate techniques and application of accounting and finance principles.

The effective use and deployment of donor funds for various projects demand careful utilization and timely reporting mechanisms to the funders. It is only when funds are effectively managed in accordance with the donor’s requirements will there be the motivation for reimbursement of financial resources.

Not all donors have extensive regulations detailing how you must manage their funding. In the absence of specific donor requirements, Its upon every funded organization to determine how best to implement their projects in a responsible manner to guarantee intended outcomes and overall Project success.

This advanced programme harmonizes accounting and financial management procedures in order to promote improved compliance with the financial reporting and control requirements of national governments as well as international finance institutions. Participants will acquire the competence needed for designing, implementing and monitoring an integrated project finance management system that is appropriate for efficient and effective delivery of the project objectives.

Duration

10 Days

Who should attend?

Finance Directors, Finance Managers, Procurement Directors, Procurement managers, Procurement officers, Administrators, Project officers, Budget Accountants, Auditors, Chief Accountants, Credit Controllers

Course Objective:

o Accounting principles and procedures in the preparation of financial statements
Analyze and interpret information as contained in financial statements.

o Outline and evaluate the effectiveness of the legal provisions governing the procurement and use of donor funds.

o Prepare and effectively manage implementation of budgets for donor funds.

o Identifying projects for donor funding.

o Design project proposal formats.

o Monitor and evaluate donor funded projects.

o Compliance with standards, legal and administrative framework

Course Content

Module 1 - Financial Management of Donors Fund - Overview

Introduction
Financial management of donor funds
Objectives of donor funds
Disbursement procedures of donor funds
Revenue planning and cash management

Module 2 - Financial Statements - (Understanding, Interpretation and Analysis)

Understanding Financial Statements
Income Statements
Balance Sheet Statements
Cash Flow Statements
Interpretation and Analysis of Financial Statements

Module 3 - Costing of Donor Funded Projects

Concepts & types of costs
Costing and cost reduction strategies
Marginal, Absorption and Activity Based Costing
Debt Management strategies & Techniques
Management of Accounting & Decision making

Module 4 - Budgeting of Donor Funded Projects

Preparation of Work Plan
Types of budgets
Budgeting & Investment appraisal
Preparation of Budget reports
Auditing – Internal Controls

Module 5 - Management of Donor Funded Projects

The Donor – Lending, types of loan, Co-financing
Legal Provision
Project Break-Even Analysis
General Withdrawals Arrangement
Withdrawal Arrangements for (SOES)

Module 6 - Disbursement of Donor Funded Projects

Statement of Expenditure(SOES)
Special Accounts (SAS)
Disbursement Reports and loan repayment
Procurement of Goods, Works and Services
Accounts and Audit

Module 7 - Financed Projects

Types of Loans and Projects
Project Implementing Agencies
Project Preparation and Execution
Project Financing
Procurement of Goods and Services

Module 8 - Project Management

Project cycle management
Project planning & scheduling
Critical path and network analysis
Project Monitoring & Evaluation and Reporting
Evaluation of international aid offers

Module 9 - Compliance Regulatory & Governance

Understanding of compliance regulatory
Principles of governance according to international requirements
Accountability, Probity & Transparency
Conflict, time and stress
Governance and anti-corruption agenda

Module 10 - Risk Management

Risk monitoring and control and control frameworks
Regular financial reporting and independent audits
Internal control policies & procedures
Fraud prevention and detection
Best Practices in Project finance Management

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: [email protected] Tel: 254 721 331 808

Training Venue

The training will be held at our Upskill Training Centre. We also offer training for a group (at a discount of 10% to 50%) at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Upskill certificate upon completion of this course.
Promoter:
Upskill Development Institute
Daniel Ndung'u
https://upskilldevelopment.com
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