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Financial Management for NGOs

Location Erbil

Fee $350

Start

Monday, 22 January 2024

End

Thursday, 1 February 2024

Course Overview

This Financial Management training for NGOs aims to equip participants with the necessary knowledge and skills to effectively manage the financial resources of their organization. By the end of the training, participants will be able to understand the principles of financial management, evaluate accounting options, develop and implement budgets, establish internal controls and safeguard assets, and prepare for audits. The training is designed for staff members of NGOs and other non-profit organizations who are responsible for financial management and seeks to enhance their ability to manage financial resources efficiently and effectively.

Course Content

Conceptual Farmwork

  • Explains why financial management is important for NGOs

  • Clarifies financial management and financial control

  • Describes the seven principles of financial management

  • The Building Blocks of Financial Management

  • The Plan – Do – Review Cycle

Understanding Finance and Accounting

  • Financial Accounting vs. Management Accounting

  • Accrual Accounting vs. Cash Accounting: comparison, Advantage and Disadvantage.

  • Supporting Documentation

  • What is a Trial Balance?

  • What are Financial Statements?

  • Understanding Full Cost

  • Accounting for Shared Costs.

  • Doom Loop

Budgeting and Financial Planning.

  • What is a Budget?

  • Types of Budgets.

  • Budgeting Techniques.

  • Budget Terminology.

  • Elements of Budget Worksheet.

  • What Makes a good Budget.

Internal Control, Cash Management and Safeguarding Assets.

  • What an Internal Control Procedures, Why they are important?

  • Internal Control types and Classification

  • Internal Control According to COSO Objectives and Components

  • Examples of internal control procedures that are commonly used by organizations

  • Internal Control Case Studies

Managing Audit for Non-Profit

  • What is an Audit?

  • Internal Audit

  • External Audit

  • Summary: Different Types of Audits

  • What Does the Auditor Need?

  • Audit Opinion

  • Knowledge Check

Who Should Attend?

The course is designed to fit Midlevel and Senior Financial Staff in NGOs and UN agencies.

Training Hours and Schedule
  • Training time: 11:00 - 17:00

  • Location: Erbil, mselect office

  • Refreshments included

  • Duration: 8 days

About the trainer

Ibaa Amayri: About 6 years’ experience in Financial Management, Accounting and analysis in NGOs and UN agencies, with 4 years’ experience in accounting & finance in private (trading/industrial) sector. Financial analyst with excellent analytical skills, financial management, economic feasibility studies, Internal control, applying financial standards and policies, cost control, and budgeting.

MSc in Risk Management, Bachelor in Economics.

Payment

Must be made 7 working days before the start of the course. Payment can be made in cash, by bank transfer or through exchange offices.

How do I register?

You can register by emailingtraining@mselect.comwith the following details:

  • Full Name:

  • City/Town:

  • Email Address:

  • Phone number:

  • Name of the course: