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. 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 in a responsible manner to guarantee intended outcomes and overall Project success. This advanced program 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.
Introduction
Financial management of donor funds
Objectives of donor funds
Disbursement procedures of donor funds
Revenue planning and cash management
Understanding Financial Statements
Income Statements
Balance Sheet Statements
Cash Flow Statements
Interpretation and Analysis of Financial Statements
Concepts & types of costs
Costing and cost reduction strategies
Marginal, Absorption and Activity Based Costing
Debt Management strategies & Techniques
Management of Accounting & Decision making
Preparation of Work Plan
Types of budgets
Budgeting & Investment appraisal
Preparation of Budget reports
Auditing – Internal Controls
The Donor – Lending, types of loan, Co-financing
Legal Provision
Project Break-Even Analysis
General Withdrawals Arrangement
Withdrawal Arrangements for (SOES)
Statement of Expenditure(SOES)
Special Accounts (SAS)
Disbursement Reports and loan repayment
Procurement of Goods, Works and Services
Accounts and Audit
Types of Loans and Projects
Project Implementing Agencies
Project Preparation and Execution
Project Financing
Procurement of Goods and Services
Project cycle management
Project planning & scheduling
Critical path and network analysis
Project Monitoring & Evaluation and Reporting
Evaluation of international aid offers
Understanding of compliance regulatory
Principles of governance according to international requirements
Accountability, Probity & Transparency
Conflict, time and stress
Governance and anti-corruption agenda
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
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 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
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