Financial Management for USAID Funded Projects

Module 1

1:1 Financial Management Fundamentals

1:2 Cost Proposals (Budgets) to Support Program Descriptions

Module 2

2:1 Daily Transactions and Internal Controls

• Petty Cash

• Daily Entries

• Job Cost Accounting

2:2 Timekeeping Systems

• Personnel Activity Reports

• Payroll Journal

• Managing Time and Facilitating Collaboration

Module 3

3:1 Managing Risk

• Preventive Controls

 • System of Authorization

• Segregation of Duties

3:2 Document / File Systems

• Filling System Options

• Monthly Closings

Module 4

4:1 Budget Management

4:2 Indirect Costs/Rates and Shared Cost Allocation

• Overview

• Provisional and Final Indirect Rates

• Indirect Rate Calculation Methodologies

• Accounting System Requirements

• Shared Cost Allocation Methodologies

Module 5

5:1 Financial Statements

5:2 Donor Audits

• Preparing for an Audit

• Areas of Audit Risk

• Supporting & Managing the Audit

• Corrective Action Plans

CERTIFICATION

Upon successful completion of the training, participants will be awarded Cynet East Africa Consultancy certificate.

N/B

Online training available at USD 710.

Training will be facilitated by Cynet East Africa Consultancy seasoned trainers.