Fiscal Management and Accountability

Financial management is the lifeblood of an organization.  Everyone working to achieve objectives has an important role to play in ensuring effective and proper use of financial resources. However, basic financial management skills are often lacking and financial management too often gets side-lined during program implementation.

The core components of the training include:

  • The ‘what, why and who’ of financial management.

  • How to achieve good practice in financial management – key principles and frameworks 

  • Building and using effective budgets – including project and donor budgets, and cash flow forecasts.

  • Which accounting records you should keep and why?

  • Budgeting and accounting for central support (‘core’) costs

  • Understanding the Balance Sheet – how to make sense of annual financial statements

  • Monitoring and controlling budgets – preparing and using budget comparison reports

  • Reporting to donors – how to meet donors requirements

  • Safeguarding our assets – internal control systems and procedures

  • Managing the audit process