Financial Management for Development Professionals (Finance DPro)
Learn the principles and practices of strong NGO financial management without being a financial professional.
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Description
This course helps NGO non-financial managers learn the key principles of good NGO financial management, how to manage financial resources more effectively, and how to integrate good financial management systems. After this course, you’ll be ready to apply best practices to your own NGO.
Finance DPro Certification Exam Preparation:
Get help preparing for the Finance DPro Certification Exam. The training fee does not include the cost of the exam, and it is not administered at the end of the training. You can arrange to take the exam online at any time after the training, with costs starting from as little as $22. More information can be found here.
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What will you learn
- Build and use effective budgets, such as project and donor budgets and cash flow forecasts
- 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
- Assess the strengths and weaknesses of your financial management system
- Explain how internal controls protect NGO assets and minimize the risk and impact of fraud and errors
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Who should attend
- Staff from small to medium-sized NGOs who are involved in program implementation and/or the management and control of financial resources
- Non-financial managers and officers who want to improve practice in financial planning, control, and reporting
- 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.
If you’re still not sure if this course is right for you, feel free to contact us and we can help!
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How will you learn
Humentum’s self-directed and focused trainings put the learner first. Connect and engage with peers from around the world, while learning through a series of engaging videos, assignments and readings. An expert facilitator will guide you.
The platform is open for a set number of weeks, and you can log-in to work at your own pace whenever convenient. You’ll find our learning platform easy to navigate, with clear guides and instructions. You can find out more about our online training platform by watching this video.
Each week, the following module will become available. To proceed to the next module, you’ll need to earn points for completing various tasks (such as watching videos, reviewing resources, and interacting with others). The more tasks you complete, the more points you’ll earn.
We estimate this training requires 4 hours per module (6 modules in total), depending on your pace of learning, and previous experience.
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Agenda
Module 1
Kick-off with an overview of financial management.
- Foundations for Strong Financial Management
- What is financial management?
- Key financial management frameworks
- The finance manual
- Review activity: Finance health check
Module 2
The focus switches to accounting records, processes and tools.
- Accounting for Programs
- Why do we need accounting records?
- Accounting processes and tools
- The 3 Ps of procurement
- Review activity: Finance health check
Module 3
A close look at financial planning’s processes and tools.
- Financial Planning: Processes and Tools
- The financial planning process
- Budgets and budgeting for program management
- Review activity: Finance health check
Module 4
Dive into practical budgeting and try creating your own mini-project budget.
- Practical Budgeting
- Activity-based budgeting
- Creating budget for funding partners
- Budget narratives
- Activity: Creating a mini project budget
Module 5
This module explores financial monitoring and reporting.
- Financial Monitoring and Reporting
- Financial monitoring and reporting tools in program management
- Reporting to funding agencies and partners
- Budget monitoring reports and variance analysis
- Activity: Analyzing a budget monitoring report
- Review activity: Finance health check
Module 6
The final module looks at internal risks and controls.
- Managing Internal Risks
- Safeguarding program assets with internal controls
- Responding to fraud and corrupt practices
- Review activity: Finance health check
- Reflection and action planning
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Certificate
Upon completion, Humentum provides a certificate of attendance for this course.
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Pricing and Discounts
Humentum encourages teams to attend this course together.
We offer a 15% discount for groups of 5 or more to attend this course.
Learn about our Organizational Training Package for members – an offer that allows even more flexibility and cost savings for your organization – starting at groups of 15 or more.
Humentum members receive a 10% discount off this course. When registering, ensure you use your organizational email address. Your member discount will then be automatically applied at checkout. Having trouble? Contact us at workshops@humentum.org.