What you will be able to do
- Read a financing agreement for its financial obligations
- Organise the project’s budget, accounts and controls
- Produce reliable financial reports on time
- Prepare the project for its annual audit
Who it is for
- Finance officers and accountants of project coordination units
- Project coordinators
- Ministry finance staff who host or supervise projects
Prerequisites
- Basic accounting knowledge
Program
The financing agreement
- Financial clauses, categories and eligibility
- Who signs, who approves, who reports
- The project’s financial management manual
Budget and accounts
- A budget that follows components and categories
- Chart of accounts and coding of transactions
- Reconciliations and month-end routines
Controls
- Segregation of duties in a small team
- Payment controls that do not slow everything down
- Fixed assets, advances and petty cash
Reporting and audit
- What each report is for and who reads it
- Preparing for the auditor
- Following up audit recommendations
How we work
- Exercises on an anonymised financing agreement
- A month-end close simulated on a training dataset
- Peer review of participants’ procedures