Day 1:
Foundations of Financial Management for NGOs
Overview of NGO financial ecosystems and funding models.
Key principles of nonprofit accounting and financial terminology.
Understanding donor requirements and compliance obligations.
Introduction to financial statements: Balance sheets, income statements, and cash flow statements.
Day 2:
Budgeting and Planning
Steps to design effective annual budgets aligned with mission objectives.
Techniques for forecasting revenues and expenses.
Allocating resources across programs and administrative functions.
Managing restricted vs. unrestricted funds.
Day 3:
Risk Management and Internal Controls
Identifying financial risks specific to NGOs.
Establishing internal control systems to prevent fraud and errors.
Conducting audits and interpreting audit reports.
Ensuring compliance with local and international regulations.
Day 4:
Financial Reporting and Transparency
Preparing accurate and timely financial reports for stakeholders.
Communicating financial performance to donors and boards.
Leveraging technology for efficient financial tracking and reporting.
Best practices for maintaining transparency and accountability.
Day 5:
Strategic Financial Leadership
Using financial data to inform strategic decisions.
Developing fundraising strategies to diversify revenue streams.
Building financial resilience through reserves and contingency planning.
Case studies of successful financial transformations in NGOs.
