2023 - 2024 Training Course Schedule
+254 712 260 031
Financial management, budgeting, and auditing play a crucial role in the effective utilization and accountability of donor funds in development projects. The Financial Management, Budgeting, and Auditing of Donor-Funded Projects Course aims to equip participants with the knowledge and skills necessary to manage finances, develop budgets, and ensure financial accountability in projects funded by donors.
The course begins by providing an overview of financial management in the context of donor-funded projects. Participants will learn about the principles and best practices of financial management, including financial planning, budgeting, expenditure tracking, and reporting. They will understand the roles and responsibilities of project managers, financial officers, and other stakeholders in ensuring the effective and transparent use of donor funds.
Next, the course delves into budgeting for donor-funded projects. Participants will learn how to develop realistic and comprehensive budgets that align with project objectives and donor requirements. They will explore techniques for estimating project costs, allocating resources, and managing budget variances. Participants will also gain insights into the importance of budget monitoring and control to ensure funds are utilized efficiently and effectively.
Furthermore, the course covers financial reporting and accountability. Participants will learn how to prepare financial reports that comply with donor guidelines and regulations. They will explore techniques for financial analysis and interpretation to assess project financial performance. Participants will also gain insights into the role of internal and external audits in verifying financial transactions and ensuring compliance with donor requirements and financial regulations.
The course also addresses financial risk management in donor-funded projects. Participants will learn how to identify, assess, and mitigate financial risks that may impact project implementation. They will explore strategies for financial contingency planning and the establishment of internal controls to safeguard donor funds. Participants will also gain insights into fraud prevention and detection measures in financial management.
Throughout the course, participants will engage in practical exercises, case studies, and group discussions to apply the concepts and techniques learned. They will have the opportunity to analyze financial data, develop budgets, and practice financial reporting and auditing skills in a simulated environment.
By the end of the course, participants will have a comprehensive understanding of financial management, budgeting, and auditing in donor-funded projects. They will be equipped with the skills necessary to effectively manage project finances, develop budgets, ensure financial accountability, and comply with donor regulations. Whether working in project management, finance, or development planning, participants will have the tools and insights to effectively utilize and account for donor funds in their professional roles.
Who should attend?
The Financial Management, Budgeting, and Auditing of Donor Funded Projects course is beneficial for a wide range of professionals involved in managing and overseeing projects funded by donors. The course is particularly relevant for:
The course is conducted over a period of 2 weeks
Module 1: Introduction to Donor-Funded Projects
Module 2: Financial Management Principles
4. Fundamentals of financial management in the context of projects.
Module 3: Budget Development
7. Elements of a comprehensive project budget.
Module 4: Financial Controls and Internal Audit
10. Establishing effective financial controls in donor-funded projects.
Module 5: Introduction to Donor Reporting
13. Types of donor reports and their purposes.
Module 6: Auditing Techniques for Donor-Funded Projects
16. Audit planning and risk assessment.
Module 7: Financial Compliance and Legal Requirements
19. Legal aspects of managing donor funds.
Module 8: Monitoring and Evaluation of Financial Performance
22. Key performance indicators (KPIs) for financial management.
Module 9: Financial Reporting Tools and Software
25. Introduction to financial management software and tools.
Module 10: Case Studies and Practical Exercises
28. Analyzing real-life case studies of successful donor-funded projects.
· All our courses can be Tailor-made to participants' needs
· The participant must be conversant in English
· Presentations are well-guided, practical exercises, web-based tutorials, and group work. Our facilitators are experts with more than 10 years of experience.
· Upon completion of training the participant will be issued with a Foscore development center certificate (FDC-K)
· Training will be done at the Foscore development center (FDC-K) centers. We also offer inhouse and online training on the client schedule
· Course duration is flexible and the contents can be modified to fit any number of days.
· The course fee for onsite training includes facilitation training materials, 2 coffee breaks, a buffet lunch, and a Certificate of successful completion of Training. Participants will be responsible for their own travel expenses and arrangements, airport transfers, visa application dinners, health/accident insurance, and other personal expenses.
· Accommodation, pickup, freight booking, and Visa processing arrangement, are done on request, at discounted prices.
· Tablet and Laptops are provided to participants on request as an add-on cost to the training fee.
· One-year free Consultation and Coaching provided after the course.
· Register as a group of more than two and enjoy a discount of (10% to 50%)
· Payment should be done before commence of the training or as agreed by the parties, to the FOSCORE DEVELOPMENT CENTER account, so as to enable us to prepare better for you.
· For any inquiries reach us at firstname.lastname@example.org or +254712260031