Module 1: Introduction to Donor-Funded Project Financial Management

• Overview of Donor Funding and Project Lifecycle
• Key Principles of Financial Management in Donor-Funded Projects
• Understanding Donor Regulations and Compliance
• Establishing a Financial Management System for Projects
• Practical session: Developing a project-specific chart of accounts

Module 2: Project Budgeting and Planning

• Developing a Comprehensive Project Budget
• Budgeting for Different Project Phases
• Matching Budget to Project Activities
• Forecasting Project Expenditures
• Practical session: Creating a project budget using a provided template

Module 3: Financial Reporting and Accountability

• Donor Reporting Requirements
• Preparing Accurate and Timely Financial Reports
• Reporting on Budget Variances
• Ensuring Accountability and Transparency
• Practical session: Preparing a financial report for a donor

Module 4: Funds Flow Management

• Managing Project Funds Inflows and Outflows
• Requesting and Receiving Funds from Donors
• Tracking Fund Utilization
• Managing Cash Flow and Liquidity
• Practical session: Developing a funds flow management plan

Module 5: Procurement and Contract Management

• Donor Procurement Guidelines
• Managing the Procurement Process
• Contracting with Suppliers and Service Providers
• Ensuring Value for Money
• Practical session: Evaluating vendor bids and selecting a vendor

Module 6: Asset Management and Control

• Identifying and Tracking Project Assets
• Maintaining Asset Registers
• Managing Asset Use and Disposal
• Protecting Project Assets
• Practical session: Developing an asset management plan

Module 7: Risk Management and Internal Controls

• Identifying Financial Risks in Projects
• Developing Risk Management Strategies
• Implementing Internal Controls
• Preventing Fraud and Corruption
• Practical session: Conducting a risk assessment for a project

Module 8: Audit and Compliance

• Preparing for Donor Audits
• Responding to Audit Findings
• Ensuring Compliance with Regulations
• Managing Sub-recipient Monitoring
• Practical session: Reviewing audit findings and developing a response plan

Module 9: Financial Management Information Systems (FMIS)

• Using Technology for Financial Management
• Selecting and Implementing an FMIS
• Data Management and Security
• Generating Reports from FMIS
• Practical session: Using an FMIS to track project expenses

Module 10: Project Closure and Financial Reconciliation

• Finalizing Project Finances
• Reconciling Project Accounts
• Preparing a Final Financial Report
• Archiving Project Financial Records
• Practical session: Conducting a final financial reconciliation

Requirements:

·       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