FMD Pro 1: The Essentials of Financial Management

FMD Pro 1: The Essentials of Financial Management:

Feb 11 2019 - 9:00am - Feb 15 2019 - 5:00pm

Location: Washington , DC , United States

Language: English

Prices

Early - Dec 31 Regular - Feb 10
NON-MEMBERS $1,295 $1,440
HUMENTUM MEMBERS $1,125 $1,250

Agenda

Day 1                                      

Welcome and overview

  • Introductions, expectations and program overview

Key concepts of financial management

  • What is financial management and why is it important for NGOs?
  • Structure and governance of NGOs
  • Good practice frameworks: Seven principles and four building blocks of financial management
  • Financial management systems:the health check approach
  • Financial management systems: key organizing tools

Day 2        

Financial Planning           

  • Financial planning process
  • Types of budgets and their function
  • Practical approaches to building good budgets
  • Donor budgets and budget narratives
  • Consolidated budgets and core costs
  • Cash flow forecasting

Day 3        

Accounting Records

  • Which records should you keep?
  • Practical accounting basics: advances, cash book and petty cash
  • The accounting process: cash or accruals
  • Producing simple financial reports
  • Procurement: process, people and paperwork

Day 4

Financial Monitoring      

  • Financial information: who needs what, when and why?
  • Understanding financial statements
  • Using budget monitoring reports
  • Taking action to keep things on track: variances, out of date budgets and exchange rates
  • Overview of donor reporting

Day 5        

Internal Controls

  • The four internal control actions
  • The role of audit
  • Fighting fraud, bribery and corruption

Summary and close         

  • Action planning
  • Evaluation
  • Certificates

FMD Pro Level I

  • Examination

Venue

1120 20th St NW
Washington, DC 20036
United States

Hotel Information

Participants are responsible for making and paying for their own hotel/lodging arrangements.

Humentum
1120 20th St NW 
Suite 520S 
Washington, DC 20036

The nearest Metro stop to the workshop is Farragut West on the Blue/Orange/Silver lines or Farragut North on the Red line.

We have found that www.hotels.com usually offers comparable or even lower rates than we are able to negotiate. We recommend attendees look for hotels in the Dupont Circle neighborhood. Check out some suggestions for convenient hotels.