Course Summary:

The Advanced Financial Management for Donor Funded Projects course offered by Magna Skills is designed to provide in-depth training on advanced financial management practices specific to donor-funded projects. Participants will gain comprehensive knowledge and skills to effectively manage financial aspects of donor-funded projects, including budgeting, reporting, compliance, and risk management, ensuring the successful implementation and sustainability of projects.

Course Objectives:

• Advanced Budgeting Techniques: Learn advanced budgeting techniques for donor-funded projects, including multi-year budgeting, cost allocation, and budget variance analysis.

• Financial Reporting Standards: Understand financial reporting standards and requirements for donor-funded projects, including compliance with donor regulations and international financial reporting standards (IFRS).

• Risk Management and Mitigation: Develop strategies for identifying, assessing, and mitigating financial risks associated with donor-funded projects, ensuring project sustainability and success.

• Grant Management and Compliance: Gain insights into grant management principles and compliance requirements for donor-funded projects, including fund disbursement, utilization tracking, and reporting.

• Financial Sustainability Planning: Learn how to develop financial sustainability plans for donor-funded projects, including revenue diversification, cost recovery strategies, and long-term financial planning.

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Course Outline

Module 1: Advanced Budgeting Techniques

• Multi-year budgeting and forecasting
• Cost allocation methodologies
• Budget variance analysis and corrective actions

Module 2: Financial Reporting Standards

• Compliance with donor regulations and reporting requirements
• International financial reporting standards (IFRS) for donor-funded projects
• Financial statement preparation and analysis

Module 3: Risk Management and Mitigation

• Identification and assessment of financial risks
• Risk mitigation strategies and contingency planning
• Integration of risk management into project planning and execution

Module 4: Grant Management and Compliance

• Principles of grant management for donor-funded projects
• Compliance with grant agreements and reporting requirements
• Fund disbursement, utilization tracking, and reporting

Module 5: Financial Sustainability Planning

• Developing financial sustainability plans for donor-funded projects
• Revenue diversification strategies
• Cost recovery mechanisms and long-term financial planning

Module 6: Financial Controls and Audit Preparation

• Establishing financial controls for donor-funded projects
• Audit preparation and management
• Addressing audit findings and recommendations

Module 7: Donor Relations and Communication

• Building and maintaining relationships with donors
• Effective communication with donors regarding financial matters
• Addressing donor concerns and requirements

Module 8: Procurement and Contract Management

• Financial aspects of procurement for donor-funded projects
• Contract management and compliance with donor regulations
• Payment processing and invoice management

Module 9: Financial Monitoring and Evaluation

• Financial monitoring tools and techniques
• Evaluating financial performance against project objectives
• Adjusting financial plans and strategies as needed

Module 10: Case Studies and Best Practices

• Analysis of real-life donor-funded projects
• Best practices for advanced financial management in donor-funded projects
• Lessons learned and practical insights for implementation

The Advanced Financial Management for Donor Funded Projects course equips participants with advanced financial management skills and knowledge essential for effectively managing donor-funded projects. Through a combination of theoretical learning, case studies, practical exercises, and interactive discussions, participants will gain the confidence and competence to navigate the complexities of financial management in donor-funded projects and drive project success