Financial Management for Donor Funded Projects

INTRODUCTION

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 by the donor’s requirements will there is the motivation for reimbursement of financial resources.

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.

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

This advanced program harmonizes accounting and financial management procedures 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 the efficient and effective delivery of the project objectives.

Training Schedule

COURSE OBJECTIVES

• Accounting principles and procedures in the preparation of financial statements
• Analyze and interpret information as contained in financial statements.
• Outline and evaluate the effectiveness of the legal provisions governing the procurement and use of donor funds.
• Prepare and effectively manage the implementation of budgets for donor funds.
• Identifying projects for donor funding.
• Design project proposal formats.
• Monitor and evaluate donor-funded projects.
• 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 with vast knowledge and experience as expert professionals. 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 organizational requirements. For further inquiries, don’t hesitate to get in touch with us on: Email: info@advantaedgedev.com Tel: +254 713 072 883

TRAINING VENUE

The training will be held at our Advantaedge Training Centre. We also offer training for a group at requested locations worldwide. The course fee covers tuition, training materials, two break refreshments, and a 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 an Advantaedge certificate upon completion of this course.

AIRPORT PICKUP & ACCOMMODATION

Airport pickup and accommodation are arranged upon request. For booking contact our Training Coordinator through Email: info@advantaedgedev.com Tel: +254 713 072 883