South Africa: Financial Management and Auditing of Donor Funded Projects

Financial Management and Auditing of Donor Funded Projects

This training course is aimed at the entry and middle levels of staff working in projects that does not have sales activities or earn profits at the end of the year or project period. Those projects that receive donations without further investing the proceeds, thus the content has no investment topics.

Course Objectives

On completion of the course, participants should be able to:

· Understand the principles of both financial management and the disbursements process of donor funds.

· Follow laid down donor specific procedures in funding requests

· Know the role on project stakeholders in project implementation

· Contact value for money audits in projects

· Design and monitor donor budgets

· Explain the various types of auditing, including compliance auditing and management auditing.

· Put in place internal control mechanisms

· Use financial management to create strategies

· Recognize, understand and analyze financial statements

· Identify risk factors relating to misstatements arising from fraudulent financial reporting

· Provide tools for efficient Management of Donor- funded projects

Target Group

Project accountants, Audit Assistants, Project Administrators, Assistant accountants, Accounting Assistants, supervisors and forepersons.

Course Outline/Modules

· General Management and Leadership

· Introduction to project management and Processes

· Project management cycle

· Project resources management and Resource mobilization

· Management of project financial resources

· Donor funds accounting principles

· Receipts and disbursement

o accounting and returns

· Return on expenditure

· Financial management of donor funds

· The need for donor funds

· Disbursement procedures for donor funded projects

· Receipts planning and cash management using

o Gantt chart

o Critical path analysis (critical resource requirements)

o Statement of works

o Costing and cost reduction strategies

o Project cost tables

· Budgeting and budgetary control for Donor Funded Projects

· Understanding budgeting limiting factors

· Planning for donor funds and budgetary control systems

· Planning, Budgeting, implementation and management of donor funded projects

· The roles in the management of donor funds

· Cash flow management and forecast

· Fraud prevention and detection

· Financial Statements of donor funded projects

· Preparation and interpretation of financial statements and reports for donor funds

· Project management reports

· financial reports

· progress reports

· procurement reports

· Financial management and accounting softwares

· Off the shelf

· Organisation activity specific designed

· Auditing of donor projects

· Internal and External Auditing

· Auditing of financial statements

· Management Control Framework

· Auditor’s duties and responsibilities

· Management duties and responsibilities

· Defining

· Scope of audit

· auditing requirements

· whole project or portion auditing

· compliance auditing

· testing accounting and internal controls

· documents and transactions adequacy

· identification of ineligible transaction

· The audit attest function and opinion

· Audit reports and management responses

Dates: 04 – 15 December 2017

Duration: 2 Weeks

Course Costs: US$3000

Venue: Pretoria, RSA

Please visit http://www.tamadi.co.zw/?page_id=3091