Inspire for Management Excellence (IME) is a capacity development social enterprise established in May 2018 aiming to have social impact in Sudan and other countries. IME was founded by a team of three professional individuals with the same passion to enhance people’s skills and confidence as well as improving organizational systems. IME registered as a Private Limited company under Commercial Register of Ministry of Justice in Sudan

Financial Management For Development Professionals Training (FMD Pro.)

Group size: Maximum: 20
Length: 5 days
Duration: 24 - 28 Mar
Location/City: Khartoum
Closing Date: 24 March 2020
  Suitable:

This course is primarily aimed at staff in small to medium-sized NGOs who are involved in program implementation and/or the management and control of financial resources.  
It is designed specifically for:

  • Non-financial managers and officers who want to improve practice in financial planning, control and reporting, and 
  • Finance officers interested in developing their financial management skills and knowledge to improve finance systems and support for program staff. 

Previous financial management experience or training is not a requirement for this course.


  Covers:

All NGO staff have an important role to play in ensuring effective and proper use of financial resources during program implementation.


During this five-day course, you will learn the key principles of good financial management and how to apply them in your workplace.


Designed in a highly participatory style, this course will build your skills and confidence in how to:

  • Integrate good financial management systems into operations management
  • Manage and control financial resources more efficiently and effectively.
 
Outcomes:

Key discoveries 

By the end of the course, you will be able to:

  • Describe key tools and concepts which help an organization achieve good practice in financial management
  • Build and use effective budgets, including project and donor budgets and cash flow forecasts
  • Explain which accounting records we need to keep and why
  • Describe the key processes and methods used to keep accounting records
  • Use financial reports to monitor project performance and identify actions to keep project finances on track
  • Explain how internal controls protect NGO assets and minimize the risk and impact of fraud and errors
  • Assess the strengths and weaknesses of your NGO’s financial management system  


Learning approach 

Our training puts the learner at the center, using practical and fun learning activities supported by easy-to-use materials. We share tools and techniques that can be immediately used in your work.

The training can also be delivered as one day essential courses:

  • Financial Planning
  • Accounting Records
  • Financial Monitoring &Reporting
  • Internal Controls 

How to sign up  Contact the Registration Team at info@inspire-ime.org  for more information. 


Daily program Timing:





This course will be held daily from 9 am-5 pm, with two 15-minute breaks and a 60-minute lunch. Times subject to change based on location.



Day 1:



Welcome and overview




  • Introductions, expectations and program overview



Key concepts of financial management




  • What is financial management and why is it important for NGOs?


  • Structure and governance of NGOs


  • Good practice frameworks: Seven principles and four building blocks of financial management


  • Financial management systems: the health check approach


  • Financial management systems: key organizing tools



Day 2:



Financial Planning:




  • Financial planning process


  • Types of budgets and their function


  • Practical approaches to building good budgets


  • Donor budgets and budget narratives


  • Consolidated budgets and core costs


  • Cash flow forecasting



Day 3:



Accounting Records




  • Which records should you keep?


  • Practical accounting basics: advances, cash book and petty cash


  • The accounting process: cash or accruals


  • Producing simple financial reports


  • Procurement: process, people and paperwork



Day 4:



Financial Monitoring:




  • Financial information: who needs what, when and why?


  • Understanding financial statements


  • Using budget monitoring reports


  • Taking action to keep things on track: variances, out of date budgets and exchange rates


  • Overview of donor reporting



Day 5:



Internal Controls:




  • The four internal control actions


  • The role of audit


  • Fighting fraud, bribery and corruption



Summary and close:




  • Evaluation and Certificates




Register Now





Contact us:

Email: info@inspire-ime.org
Phone: +249912730450 / +249912730494
Location: 14 Abu Sinn Street -Khartoum /Sudan