Advanced Financial Management for Donor Funded Projects
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.


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