Chalkpower Launches 08 – Full Days Training Course on
Financial Management, Budgeting & Audit
March 25-April 01,2019
9:00- a.m. – 4:30 p.m. (Daily)
Istanbul, Turkey
Daily Topics:
Course Objectives:
In this conference, participants will be able to:
o Compare FM for NGO’s with Commercial sector
o Develop budget
o Enhance auditing skills
o Improve financial skills
o Develop reports
Course Outline:
FINANCIAL MANAGEMENT FOR NGOS
Why is Financial Management important for NGOs?
So what is Financial Management?
What is Financial Control?
Who is Responsible for Financial Management?
The Seven Principles of Financial Management
The Four Building Blocks of Financial Management
The Tools of Financial Management
GETTING ORGANISED
Systems Design
Financial Accounting vs. Management Accounting
The Right System?
The Chart of Accounts
Cost Centers
Cost Structures
Financial Policies and Procedures
What is a Finance Manual?
Standard Forms
Work Planning
FINANCIAL PLANNING
The Financial Planning Process
What is a Budget?
Who needs Budgets?
Types of Budget
Budget Structures
Budgeting Techniques
Top Down or Bottom up?
Summary of Budget Terminology
The Budgeting Process
Good Practice in Budgeting
Using a Budget Worksheet
Summary: What makes a good budget?
The Challenge of Core Costs
The Challenge of Multiple Donor Program
UNDERSTANDING ACCOUNTS
Why Keep Accounts?
Accounting Methods
Which Accounting Records to Keep
Supporting Documentation
Bank Book Basics
Petty Cash Book
Full Bookkeeping Systems
What is a Trial Balance?
What are Financial Statements?
The Income and Expenditure Report
The Balance Sheet
What is Depreciation?
Accounting for Shared Costs
FINANCIAL REPORTS
Introduction
Who Needs Financial Reports?
What are the Annual Accounts?
Interpreting Financial Statements
Ratio Analysis – Quick Reference Formulas
Management Reporting
The Cashflow Report
The Budget Monitoring Report
Forecast Reports
Analyzing Budget Monitoring Reports
Variance Analysis techniques
Action Planning
Reporting to Donor Agencies
Presenting Financial Reports
Reporting to Beneficiaries
SAFEGUARDING YOUR ASSETS
Managing Internal Risk
Delegated Authority
Separation of Duties
The Procurement Process
The Reconciliation Process
Cash Control
Physical Controls
Top Tips on the Warning Signs of Fraud
Dealing with Fraud and Irregularities
MANAGING AUDIT
What is an Audit?
Internal Audit & External Audit
Summary: Different Types of Audit
What Does the Auditor Need?
What is to be audited
Auditing Skills
Trainer and Class Room:
The trainer is PhD in Finance and Audit. Class room is totally practical and there is no space for THEORY.
Teaching Medium
English will be the medium of instruction for this training.
Venue:
Istanbul, Turkey
Course Investment:
For More info, plz email: info@chalkpower.org
Registration of participants
Last Date for Registration/Payments is March 07,2019
Seats are limited; the applicants will be registered on a first come, first serve basis.
Your seat/participation will be confirmed after your registration/payment. Please fill the attached registration form and send it back Chalkpower as soon as possible.
Registration Information
WhatsApp/Viber: +97 15 44 59 1231/+93 77 18 48 147
Email: info@chalkpower.org
