2.Financial Management for Enhanced Performance Training Course

Course Description
Managing an organization effectively to achieve its goals requires several elements. Financial management is one of the key elements that can lead to efficient and effective organization management. The process involves budget forecasting according to cash flow principles, budget planning and control, and auditing including organizational risk management to ensure that the spending meets the organization’s objective and is also aligned with donors’ policies. This training course is designed to prepare participants with introductory overview of financial management including related theories, key aspects and elements as well as how to conduct cash flow budgeting for an organization to ensure maximum efficiency.

Objective
1) To improve participants’ understanding of the basics of financial management: its principles, key aspects and elements.
2) To strengthen participants’ capacity in organization’s financial management, improving overall efficiency and mitigating risks.

Course Structure/ Content
1) The Basics of Financial Management
2) Financial Planning and Preparing a Budget
3) Budget Spending
4) Cost Management
5) Cash Flow Management
6) Financial Reporting
7) Internal Control and Fraud Prevention
8) Timekeeping and Allocating Labor Charges
9) Property Management
10) Financial Audit

2.1 Beginner Course in Accounting 
Objective: The objective of this training is to provide participants with an understanding of accounting practices, the preparation of accounting documents, and the establishment of simple internal control systems. The goal is to comprehend the concept of basic accounting procedures. Upon completion of the Beginner Course, participants should be able to create simple financial statements to accurately represent the operational performance and financial position, making this information accessible to members and stakeholders.

2.2 Selective Advanced Courses in Accounting Training
Objective: The goal of this training is to provide participants with an understanding of the preparation of accounting documents, internal control systems, financial documents, project financial statements, and foundation financial statements. This includes the method of Cost Allocation by projects and Cost sharing by foundations, as well as relevant taxes. Upon completion of the Selective Advanced Courses, participants should be able to prepare financial statements to accurately represent operational performance and financial position, adhering to accounting principles and tax regulations. This information should be effectively communicated to members and stakeholders.