Advanced Financial Management, Grants Management & Auditing for Donor Funded Projects

Advanced Financial Management, Grants Management & Auditing for Donor Funded Projects

Course Overview

This 5-day advanced course focuses on the specialised financial management, grants management, and auditing practices required for donor-funded projects. Participants will learn how to effectively manage and report on funds from donors, ensuring compliance with donor requirements and international standards. The course covers advanced financial management techniques, strategies for efficient grants management, and best practices in auditing, providing participants with the skills to oversee and optimise the financial aspects of donor-funded initiatives.

Target Audience

• Finance managers and officers in NGOs and non-profit organisations
• Grants managers and coordinators in donor-funded projects
• Auditors and compliance officers specialising in donor-funded projects
• Project managers and directors overseeing donor-funded initiatives

Course Objectives

• To understand advanced financial management practices specific to donor-funded projects
• To develop skills in grants management, including budgeting, reporting, and compliance
• To learn best practices in auditing donor-funded projects and ensuring transparency
• To analyse and manage risks associated with donor funding
• To ensure compliance with donor requirements and international financial standards

Day-by-Day Course Outline

Day 1: Advanced Financial Management for Donor-Funded Projects

• Overview of financial management in donor-funded projects
• Budgeting and financial planning: Preparing and managing project budgets
• Fund allocation and tracking: Ensuring proper use of donor funds
• Financial reporting: Creating accurate and timely reports for donors
• Case study: Financial management challenges in a large-scale donor-funded project

Learning Outcome:

Participants will gain advanced skills in budgeting, financial planning, and reporting for donor-funded projects.

Day 2: Grants Management and Compliance

• Overview of the grants management lifecycle: From proposal to closeout
• Donor requirements and compliance: Understanding key guidelines and conditions
• Monitoring and evaluating grant performance: Tools and techniques
• Reporting to donors: Narrative and financial reporting requirements
• Practical exercise: Developing a compliance checklist for a grant-funded project

Learning Outcome:

Participants will learn to manage grants effectively, ensuring compliance with donor requirements and maximising grant performance.

Day 3: Auditing Donor-Funded Projects

• Introduction to auditing in the context of donor-funded projects
• Internal vs. external audits: Roles, responsibilities, and processes
• Common audit issues in donor-funded projects and how to address them
• Ensuring transparency and accountability through audits
• Case study: Conducting an audit on a donor-funded project and addressing findings

Learning Outcome:

Participants will develop a thorough understanding of auditing practices specific to donor-funded projects and how to ensure transparency.

Day 4: Risk Management and Internal Controls

• Identifying and assessing financial risks in donor-funded projects
• Designing and implementing effective internal controls
• Fraud prevention and detection in donor-funded projects
• Managing financial risks: Strategies for mitigation and contingency planning
• Workshop: Developing a risk management plan for a donor-funded project

Learning Outcome:

Participants will be able to identify, assess, and manage financial risks in donor-funded projects, ensuring robust internal controls.

Day 5: Reporting, Communication, and Final Project Review

• Best practices in financial reporting and communication with donors
• Reviewing financial performance and project outcomes: Lessons learned
• Final project audits and closeout procedures
• Group project: Preparing a comprehensive final report for a simulated donor-funded project
• Feedback session and course wrap-up

Learning Outcome:

Participants will understand the importance of effective communication and reporting, and how to conduct a final review and closeout of donor-funded projects.

By the End of the Course, Participants Will Learn:

• Advanced financial management techniques tailored to donor-funded projects
• Best practices in grants management, including compliance, reporting, and performance monitoring
• Auditing techniques specific to donor-funded projects to ensure transparency and accountability
• Strategies for managing financial risks and implementing internal controls
• Effective communication and reporting strategies to meet donor expectations and ensure successful project closeout

Course Delivery Methods

• Expert-led lectures and interactive presentations
• Group discussions and analysis of real-world case studies
• Hands-on workshops in budgeting, auditing, and risk management
• Practical exercises in grants management and compliance
• Group projects and presentations to reinforce learning and apply concepts in a simulated environment

Course Dates and Venue locations:

The Certificate:

After attending and completing the entire ARUK training course, delegates will be issued a Certificate of Completion

Book Now

4500 £ (Inc. VAT)