Strategic Financial Management for Non-Profit OrganizationsThis intensive, 3-day workshop provides participants with the financial skills and techniques to operate an effective and efficient non-profit institution. The programme focuses on what good financial management entails and the basis for transparency and accountability for the non-profit organization in the course of conducting their activities. The participants will be exposed to current financial management tools and techniques to further develop existing controls and systems of governance.
This workshop would be beneficial to persons operating, managing or exploring non-profit activities including NGO managers, and non-financial project officers.
At the end of this 3-day workshop participants should be able to:
Demonstrate an understanding of, and evolve systems for financial planning, monitoring and evaluation
Confidentially and efficiently integrate finance with operations
Utilize internal control mechanisms in projects and financial systems
Construct project-wise, activity-wise, and consolidated budgets using activity-based budgeting techniques
Prepare and use a simple cash flow forecast
Recognize the importance of being accountable and transparent to stakeholders and ensure effective use of resources
Prepare and analyze financial reports
Demonstrate an understanding of applicable taxation and legal provisions
Comprehend historic and projected financial statements and management reports on entity performance.
Assess/project business risks and the potential financial impacts of such risks on the entity.
Topics to be covered over this 3-day workshop include:
- Why good financial management is important for not for profit organizations
- The role of ethics in the conduct of the organization’s activities
- Understanding financial statement and assessing the financial health of the institution
- The role of record keeping, accounting, budgeting and forecasting
- Managing profitability, efficiency and capital investments
- The role of the Board of Directors
- Sourcing funding and accounting to corporate and individual sponsors
To participate please contact:
Cost of training
Kenyan residents: Kshs 60,000/= International: USD 600/=
The cost covers tuition, Lunch and two break time snacks. The participants will be expected to take care of their accommodation, travel expenses, and other out of pocket expenses.
Accommodation can arranged with prior request.
Mode of payment
All payments shall be made through electronic fund transfer to Africa Development Resources bank account 7 days prior to the commencement of the workshop.