Course Overview

This Financial Management training for NGOs aims to equip participants with the necessary knowledge and skills to effectively manage the financial resources of their organisation. By the end of the training, participants will be able to understand the principles of financial management, evaluate accounting options, develop and implement budgets, establish internal controls and safeguard assets, and prepare for audits. The training is designed for staff members of NGOs and other non-profit organizations who are responsible for financial management and seeks to enhance their ability to manage financial resources efficiently and effectively.

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Course Content

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Introduction to Accounting

• Overview of course

• The Role and Purpose of Accounting

• Financial Accounting Vs. Management Accounting

• The Accounting System

• The Fundamental Accounting Equation

• Recording process

• Journal entries and Summary of Accounting recording

Understanding Finance and Accounting

• Timing Issues (Periodicity Assumption)

• Matching Principle and Revenue Recognition

• Accrual versus Cash Basis Accounting

• Recording Adjusting Entries

• Recording Closing Entries

• Preparing Post-Closing Trial Balance

• Preparing Financial Statements

Introduction Financial Management in NGOs

• NGO definition roles, and structure

• Benefit of Financial Management

• What is Financial Management?

• Principles of Financial Management

• Tools and Building Blocks of Financial Management

• Strategic and Financial Planning

Fundamentals of Budgeting

• Budget definition

• Budget as a Tool

• Process for Creating Budget

• Budget Techniques

• Type of Budgets

• Variances

Cost Classifications and Allocation (Practical Case Studies)

• Introduction to Cost Management

• Cost Classification

• Tool of Cost Management

• Shared Cost Allocation

• Practical Case Study for Donor Grant Agreement)

Internal Control

• What are internal control procedures? Why they are important?

• Internal controls Types and Classification

• Internal Control According to COSO Objectives and Components

• Examples of internal control procedures that are commonly used by organizations

• Internal Control Case Studies

• Managing Audit

​Who Should Attend?

The course is designed to fit Midlevel and Senior Financial Staff in NGOs and UN agencies.

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Training Schedule

• Duration: 5 days

• Time: 17:30 – 20:30

• Format: Classroom based

• Location: Erbil, mselect office

• Fee: $250

About the Trainer

Ibaa Amayri:

MSc in Risk Management, Bachelor in Economics. has about 6 years’ experience in Financial Management, Accounting and analysis in NGOs and UN agencies, with 4 years’ experience in accounting & finance in private (trading/industrial) sector. Financial analyst with excellent analytical skills, financial management, economic feasibility studies, Internal control, applying financial standards and policies, cost control, and budgeting.

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Payment

Must be made 7 working days before the start of the course. Payment can be made in cash, by bank transfer or through exchange offices.

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How do I register?

You can register by emailing training@mselect.com with the following details:

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• Full Name:

• City/Town:

• Email Address:

• Phone number:

• Name of the course: