Financial Management for US Government Funding

Financial Management for US Government Funding:

Dec 6 2018 - 8:30am - Dec 7 2018 - 5:00pm

Location: Johannesburg , South Africa

Instructor(s):

Shannon M. Meehan

Language: English

Prices

Early - Oct 25 Regular - Dec 05
NON-MEMBERS $815 $910
HUMENTUM MEMBERS $710 $790

Agenda

Day 1 

Welcome and Overview

  • Introductions, expectations and program overview

Financial Management Fundamentals 

  • The Importance of Good Financial Management
  • Elements of a Strong Financial Management System

Cost Proposals (Budgets) to Support Program Descriptions

  • Budget Notes Development
  • Budget Review – Comparing Budget and Program Description
  • Relationship between Budget and Chart of Accounts
  • Cost Share

Daily Transactions and Internal Controls 

  • Petty Cash
  • Daily Entries
  • Job Cost Accounting

Timekeeping Systems

  • Personnel Activity Reports
  • Payroll Journal
  • Managing Time and Facilitating Collaboration

Managing Risk

  • Preventive Controls
  • System of Authorization
  • Segregation of Duties

Document / File Systems 

  • Filling System Options
  • Monthly Closings

Day 2 

Budget Management

  • Monthly “Budget vs. Actual” Reporting
  • Quarterly “Budget vs. Actual” Reporting
  • Budget Management Practices
  • Pipeline Reporting

Indirect Costs/Rates and Shared Cost Allocation

  • Overview
  • Provisional and Final Indirect Rates
  • Indirect Rate Calculation Methodologies
  • Accounting System Requirements
  • Shared Cost Allocation Methodologies

Financial Statements 

  • Purpose and Uses of Audited Financial Statements

Donor Audits

  • Preparing for an Audit
  • Areas of Audit Risk
  • Supporting & Managing the Audit
  • Corrective Action Plans 

Closing Out and Agreement 

Next Steps - Priority Setting 

Close

  • Evaluations and closing words 

 

Venue

123 Rivonia Rd
Johannesburg
2148
South Africa

Hotel Information

Holiday Inn Sandton
123 Rivonia Rd
Sandton, 2148, South Africa

Participants are responsible for arranging their own hotel/lodging accommodations. 

If you would like assistance booking a room, please reach out to Nandi Siyanga by email or phone; nandi.siyanga@hisandton.ca.za or +27 (0)11 282 0000.