DIPLOMA IN FINANCIAL MANAGEMENT FOR NGO’S
Financial management is concerned with the acquisition, financing and management of assets with some overall goals in mind. In the context of humanitarian organizations involves management of an organization’s resources to achieve its goals and objectives. It involves setting objectives, analyzing the competitive environment, evaluating strategies and ensuring that the management rolls out the strategies across the organization.
All funds available at the disposal of every humanitarian organization are from donors and when the donors give out money all they want is that it helps the less privileged have access to at least a dignified life. Disasters happen on a daily basis and humanitarian help can be accessed from various organizations, dependent on an organizations reputation in handling of past finances. The heart of any organization be it humanitarian or profit making is how finances are managed and to access any money there is need for an organization to prove that it has a clean record in as far as handling of past funds is concerned.
We believe that careful budgeting of an organizations resources and operating expenses is essential in strategic financial planning. We equip our learners on how to write proposals for funding for various projects that an organization may want to execute, how to execute the project in phases conducting evaluation exercises at every stage and how to prove accountability for donor funds. We believe that in emerging economies where disasters and conflicts are very common, the issue of corruption and mismanagement of funds is very rampant and has led to closure of many organizations.
The course also considers remuneration of employees as well as taking care of their basic needs when working in environments that are not safe. At our institute we believe that every employee in any organization has to have financial management skills to guide in the way that employees will handle resources and equipment at their discretion according others a dignified life when disaster or conflict beckons.
Financial information and its interpretation are important aspects of our lives. All users of financial information, from students, financial advisors, investors, management, regulators and parties interested in the progress of an enterprise are keen to know how it performs over time and its financial position at any given time. The course is structured to ensure that this is well understood.
At the same time, investment decisions are made in light of available financial information. Underneath all these information, it is crucial that one is able to make sense of presented information and in one way or another, analyze to understand if there is any important information that may have been left out either by omission or commission.
- Finance Vs Accounting.
- Internal Controls
- Grants Management
- Understanding Financial; information and jargon
- Key Financial Ratios
- Presentation of and Managing financial performance
- Cash flow Management.
- International Financial Reporting and Financial standards.
Who should enroll?
This diploma is suitable for persons working in or planning to enter the humanitarian sector, including staff of humanitarian aid organizations, governments, and UN agencies. There are no prerequisites for this course. All participants are expected to have theoretical knowledge of humanitarianism, although humanitarian aid experience is not presumed
- All materials are made available through our Online Learning Platform
- Students should commit approximately 5-6 hours of their time per week
Online delivery of curriculum materials, exercises and templates.
In order to demonstrate their understanding of the course content, students will be required to submit assignments at the end of every month.
Duration of course – 6 months
- Access to course materials on E-Learning Platform
- Online interaction with Course Moderators
- Monthly assignments
- 15-20 Page Project Paper
- End of Course Examination
Cost: Amount €800 per Person