Helping NGOs do more with their money

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FMD Pro 1: The essentials of financial management (5 days)

BasicsKey discoveries

  • Practical tools and tips for creating effective project budgets

  • Financial concepts and jargon de-mystified
  • Confidence to use financial reports for programme management
  • Applying policies and procedures to protect staff and assets.

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Download or print the full course outline here

Course code: FMD

This course is perfect for NGO staff involved in programme planning, implementation and support. It covers all the skills needed to set up strong finance systems and procedures, create project budgets, keep basic accounts, and prepare and read financial reports.

During the course you will learn everyting you need to sit the FMD Pro 1 certificationexamination on the final day.

"The first training I have ever been to that I have not continuously looked at my watch to see when it is over. It was interesting and fun, which is strange when considering how much I have previously hated finance. Great trainer!"

Certification

FMD Pro 1 is a new financial management certification program for project and program staff working in the development sector. To take the FMD Pro 1 certification exam on the final day of the workshop, you will need to bring a laptop with the ability to connect to Wi-Fi.

 

Course costsEarly booking
£ GBP
Standard booking
£ GBP
Individuals, and non-profit organisations with less than £1m income770960
Non-profit organisations more than £1m income9601,200
For-profit/governmental organisations1,2001,500

Who should attend

This course is primarily aimed at staff in small to medium-sized NGOs who are involved in programme implementation and/or the management and control of financial resources.
It is designed specifically for: 

Previous financial management experience or training is not a requirement for this course.

We recommend that you read this course outline carefully to make sure the content is relevant and meets your learning requirements. If you are not sure if this course is for you, please contact us.

 

Programme guide

Day 1  
Welcome and overview
  • Introductions, expectations and programme overview
Key principles and concepts of financial management
  • What is financial management and why is it important to NGOs??
  • Structure and governance of NGOs
  • Good practice frameworks: Seven principles and four building blocks of financial management
  • Financial management systems: the health check approach
  • Financial management systems:key organizing tools
Day 2  
Financial planning
  • The Financial planning process
  • Types of budget and their function
  • Practical aproaches and building good budgets
  • Donor budgets and budget narratives
  • Consolidated budgets and core costsCash flow forecasting
Day 3  
Accounting records
  • Which records should you keep?
  • Practical accounting basics: advances, cash bookand petty cash
  • The accounting process: cash or accruals
  • Producing simple financial reports
  • Procurement: process, people and paperwork
Day 4  
Financial monitoring
  • Financial information – who needs what, when and why?
  • Understanding financial statements
  • Using budget monitoring reports
  • Taking action to keep things on track: variances, out of date budgets and exchange rates
  • Overview of donor reporting
Day 5  
Internal control systems
  • The four internal control actions
  • The role of audit
  • Fighting fraud, bribery and corruption
Summary and close
  • Action planning
  • Evaluation
  • Certificates
FMD Pro Level 1
  • Examination

Learning outcomes

By the end of the workshop, you will be able to:
  • Describe key tools and concepts which help an organization achieve good practice in financial management
  • Build and use effective budgets, including project and donor budgets and cash flow forecasts
  • Explain which accounting records we need to keep and why
  • Describe the key processes and methods used to keep accounting records
  • Use financial reports to monitor project performance and identify actions to keep project finances on track
  • Explain how internal controls protect NGO assets and minimize the risk and impact of fraud and errors
  • Asses the strengths and weaknesses of your NGO's financial management system

Course dates

There are no up-and-coming courses in the open training programme.

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