Financial Management, Budgeting, And Auditing of Donor-Funded Projects Training Course

Module 1: Introduction to Financial Management

• Principles of Financial Management
• Role of Financial Management in Donor-Funded Projects
• Financial Planning and Forecasting
• Understanding Financial Statements
• Practical Session: Analyzing Financial Statements

Module 2: Budgeting Techniques and Practices

• Key Components of a Project Budget
• Budget Preparation and Planning
• Allocating Resources Effectively
• Monitoring and Controlling Budgets
• Practical Session: Creating a Project Budget

Module 3: Compliance and Accountability

• Understanding Donor Requirements
• Financial Compliance and Reporting
• Accountability in Financial Management
• Managing Financial Risks
• Practical Session: Ensuring Compliance with Donor Requirements

Module 4: Internal Controls and Financial Systems

• Importance of Internal Controls
• Designing Effective Internal Control Systems
• Financial Policies and Procedures
• Using Financial Management Software
• Practical Session: Implementing Internal Controls

Module 5: Financial Reporting

• Types of Financial Reports
• Preparing Accurate Financial Reports
• Communicating Financial Information to Stakeholders
• Reporting Financial Performance
• Practical Session: Preparing a Financial Report

Module 6: Audit Processes and Techniques

• Types of Audits
• Planning and Conducting Audits
• Auditing Financial Statements
• Internal and External Audits
• Practical Session: Conducting an Internal Audit

Module 7: Financial Risk Management

• Identifying Financial Risks
• Strategies for Managing Financial Risks
• Mitigating Financial Risks
• Financial Contingency Planning
• Practical Session: Developing a Risk Management Plan

Module 8: Fraud Detection and Prevention

• Understanding Financial Fraud
• Identifying Red Flags and Indicators
• Preventing and Detecting Fraud
• Investigating Financial Fraud
• Practical Session: Fraud Detection Exercise

Module 9: Case Studies and Examples

• Analyzing Financial Management Case Studies
• Learning from Real-World Examples
• Group Discussions and Analysis
• Reviewing Sample Financial Reports
• Practical Session: Case Study Analysis

Module 10: Final Project and Evaluation

• Applying Learned Skills to a Final Project
• Group Presentations and Feedback
• Course Review and Evaluation
• Q&A and Discussion
• Practical Session: Final Project Presentation

Participants should be reasonably proficient in English.

Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2. Invoice: We can send a bill directly to you or your company.

3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588