Financial Management for Development Professionals (Finance DPro)

Upon completion of this course, participants will be able to:

1. Understand key financial management principles applicable to the development sector.
2. Prepare and manage budgets that reflect the strategic priorities of development projects.
3. Implement financial controls to ensure the integrity and efficiency of financial operations.
4. Interpret and analyze financial statements to make informed decisions.
5. Ensure compliance with donor regulations and reporting requirements.
6. Apply tools for financial forecasting and risk management.

This course is ideal for finance officers, project managers, and any professionals involved in the financial administration of NGOs, community-based organizations, and other non-profit entities focused on development work.

• The course combines interactive lectures, practical exercises, case studies, and group discussions to foster a comprehensive learning environment. Participants will engage in real-life scenarios and simulations to apply the concepts learned in a practical and impactful manner.

Course Outline

• FMD Pro module 1 - Financial Management Key Concepts

 In this module, you will learn:

• The four building blocks of financial management are key to financial control and serve as the structure for this eLearning course.
• What the Plan–Do–Review cycle looks like and how the financial management process fits within it.
• Where you, as a project team member, fit in the financial management process.

• FMD Pro module 2 - Accounting Records

In this module, you will learn :

• Why accounting records are needed and how they underpin all of the other building blocks of financial control in your organization.
• Two methods of keeping track of financial transactions, cash-based and accruals-based accounting, and when they are appropriate.
• How the chart of accounts serves as an organizing tool, including details such as cost centers and account codes, which are how you can sort financial transactions and keep them organized.
• The importance of supporting documents and books of account, including receipts and other source documents that provide the evidence or proof of each transaction.
• What the procurement process looks like, including the 3 Ps of procurement, steps in the procurement process, and how they relate to setting up accounting records.

• FMD Pro module 3 - Financial Planning

In this module you will learn:

• Why financial planning matters, including where your project budgets fit into the financial planning hierarchy of your organization. to use an income and expenditure budget, including the steps in creating an activity-based budget, the use of a budget worksheet, and how to deal with indirect costs and shared costs.
• To use a cash flow forecast to anticipate and manage cash management challenges.
• To use other forms of budgets, including phased budgets, funding grids, consolidated budgets, and more.

• FMD Pro module 4 - Financial Monitoring

 In this module you will learn:

• Why financial planning matters, including where your project budgets fit into the financial planning hierarchy of your organization. to use an income and expenditure budget, including the steps in creating an activity-based budget, the use of a budget worksheet, and how to deal with indirect costs and shared costs.
• To use a cash flow forecast to anticipate and manage cash management challenges.
• To use other forms of budgets, including phased budgets, funding grids, consolidated budgets, and more.

• FMD Pro module 5 - Internal Control

In this module, you will learn:

• What internal controls are, and how they protect your project resources, including exploring the four-actions model of internal control.
• Key policies, procedures, and practices that promote internal control, including physical controls, a delegation of authority, separation of duties, reviewing records, and more.
• About corruption in its many forms and how to address it, including fraud, bribery, and other misuses of resources.

Sale Price: $100