Training Course on Financial Management for Donor-Funded Projects

Course Overview

This course is designed to equips participants with the knowledge and practical skills necessary to navigate the unique financial management challenges associated with donor-funded projects.

By the end of this course, participants will be able to understand:

Accounting principles and procedures within the planning of financial statements

• Preparation of Work Plan, budgets and cash flow management
• Analyze and interpret information as discovered in financial statements.
• Compliance with prerequisites, legal and administrative framework
• Identifying various elements of donor funding.
• Costing factors of Donor Funded Projects
• Monitor and evaluate donor-funded projects.
• Disbursement factors of Donor Funded Projects
• Project management techniques
• Outline and assess the convenience of the authorized provisions governing the procurement along with usage of donor funds.
• Compliance Regulatory & Governance and Risk management
• Prepare & effectively manage the arrangement of budgets for donor funds.

Target Audience:

Project managers, Finance managers, and Administrators involved in donor-funded projects

Individuals seeking to enhance their financial management skills specific to donor-funded initiatives.

Course Duration: 10 days

Module 1: Introduction to Donor-Funded Projects

• Overview of donor-funded projects and their significance
• Types of donors and funding sources
• Unique financial management challenges in the context of donor funding

Module 2: Fundamentals of Financial Management

• Core principles of financial management
• Budgeting for donor-funded projects
• Financial planning and forecasting

Module 3: Compliance and Regulatory Framework

• Understanding donor regulations and compliance requirements
• Overview of international financial standards and reporting
• Navigating legal and regulatory frameworks for donor-funded projects

Module 4: Project Budgeting and Proposal Development

• Developing comprehensive project budgets
• Aligning budgets with project goals and donor expectations
• Strategies for effective proposal development and budget justification

Module 5: Financial Controls and Internal Policies

• Establishing internal financial controls
• Designing and implementing financial policies and procedures
• Internal and external audit requirements for donor-funded projects

Module 6: Monitoring and Reporting

• Implementing effective financial monitoring systems
• Regular reporting to donors: financial and narrative reporting
• Utilizing financial reports for decision-making and accountability

Module 7: Risk Management in Donor-Funded Projects

• Identifying and assessing financial risks
• Strategies for mitigating financial risks in donor-funded projects
• Contingency planning and crisis management

Module 8: Procurement and Contract Management

• Procurement policies and procedures for donor-funded projects
• Contract management and compliance
• Ensuring transparency and fairness in procurement processes

Module 9: Financial Sustainability and Exit Strategies

• Developing financial sustainability plans
• Planning for project exit and sustainability post-funding
• Building partnerships and diversifying funding sources

Module 10: Case Studies and Practical Applications

• Analyzing real-world examples of financial management in donor-funded projects
• Group discussions on challenges and solutions
• Practical exercises to reinforce learning

Note: This outline provides a general structure for the training. The specific content, activities, and duration of each session may be adjusted based on the target audience, learning objectives, and available time.