Course Info
Code IND17-101
Duration 5 Days
Format Classroom
Course Summary
One of the key complexities of a donor-funded program is to use the funds wisely and to the benefit of social aims, but also to manage the expectations of the donors and take into account their ideas and requirements based on the funds they donate.
The planning and strategies involved in non-government organisations (NGO) are key to the development and overall success of any project. Your long-term goals are accountable to those donors who spend their money to develop socio-economic projects and leave the essential funds in the hands of project managers and developers in order to get the most return from their investment. You will need to create a strategic framework to meet your aims and objectives while ensuring future development, mitigating any fraud or theft, making essential and crucial decisions based on social needs and the requirements of your donors, and build credibility throughout your fundraising efforts.
This monetary management in donor-funded programs course is extremely practical and designed to enhance your responsibilities, credibility, and clearness in complex periodic donor-funded non-government projects when overseeing accounting and financial procedures.
- To implement ways to plan for mistakes and arrange essential performance management surrounding accountability in donor-funded projects.
- To understand the essentials involved in all donor-funded projects.
- To be able to professionally manage processes and people by using the systems specifically for donor-funded projects.
- To be able to perform in-house controls to manage finance, governance and achieve compliance requirements.
- To avoid fiduciaries in the business and reduce any monetary loss.
- To be able to use acquired funding for the correct purposes and communicate all financial reports accurately.
- To understand how to develop monetary statements and analyse them against previous years and future predictions.
- To plan budgets and develop cash flow strategies.
- To implement risk management procedures involved in donor-funded projects.
This course is for anyone who is responsible for distributing donor funds sensibly to obtain the best possible social and economic outcomes within a future-thinking business plan. It would be most beneficial for:
- Board Members
- Donor-funding Managers
- Fundraising Managers
- NGO Candidates
- Governance Directors
- Auditors
- Compliance Managers and Officials
- Financial Managers
- Public Sector Experts
This course will utilise proven adult learning techniques to maximise knowledge retention and comprehension of the information that is available.
This will include real interactive case studies to understand how best to utilise donor funding, browsing the latest tools and techniques to discover the best possible plan regarding your particular organisation, and group discussions to devise strategic workflows based on previous action plans which gain the most benefit from your funding and also meet with the expectations of your donor.
Course Content & Outline
- Defining donor-funded projects.
- Introduction to monetary management for donor-funded projects.
- Key objectives in donor funds.
- Gaining knowledge of monetary statements.
- Understanding of financial statements.
- How to develop a cost-benefit analysis for your project.
- Budgeting and how to allocate funds.
- Activity-based costing.
- Cost margins and absorption.
- Accounting and decision-making for your future.
- Types of budget.
- Investments and appraisal for project plans.
- Legal donor positions.
- Withdrawals and contractual agreements.
- Your break-even analysis and how to find it.
- Creating adequate reports for donor funding to determine success.
- Managing donor expectations.
- Negotiation techniques and presenting positives.
- Your project framework and cycle.
- Planning your schedule to match your funding.
- Evaluation of international aid.
- Network analysis and developing a functional future pathway.
- Internal controls and success factors.
- What ‘good’ looks like.
- Qualitative vs. quantitative data.
- Accounts, record keeping, and how to audit for a positive outcome.
- Detecting fraud and creating prevention methods.
- Monitoring the changes and opportunities that donor investment has created.
- Performance management tools and their effectiveness.
- Independent results and accurate auditing.
- Record keeping and reviewing old results.
- Accountability for budgeting issues.
- Corruption and anti-bribery procedures.
- Identifying risks and planning mitigation techniques.
- Governance and compliance requirements.
- Creating your control framework for future investment.
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