Financial Management for US Government Funding

Learning Opportunities

eLearning

Financial Management for US Government Funding

February 12, 2018 to March 23, 2018

Online (your computer!)

Instructor(s):

Robby Vanrijkel

Language: English

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Early - Jan 01 Regular - Jan 22 Late - Feb 12
NON-MEMBERS $1,030 $1,135 $1,240
HUMENTUM MEMBERS $820 $925 $1,030

Overview

This online workshop helps individuals and organizations develop, implement, and maintain effective financial management systems to be eligible for US Government funding, reduce audit risk, and build effective collaboration across the organization. If you are a prime and/or subrecipient of grants, cooperative agreements, and/or contracts, this highly participatory online program offers you and your team the most comprehensive knowledge of the fundamentals of financial management of US Government funding, including budget management, maximizing cost recovery, and how to deal with donor audits and reviews.

This version of the workshop is entirely online and takes place over 6 weeks. The training approach is similar to a participatory face-to-face workshop, integrating discussion with fellow participants and interaction with facilitators.  The eWorkshop is asynchronous, which means you access resources, participate in discussions, and complete activities at your convenience.  Regular internet access and the ability to participate in team activities throughout the work week are ingredients for success in the eWorkshop.

This course is one of three required to earn our Certificate in USAID Assistance Management.

Prerequisite(s)

USAID Rules & Regulations: Grants & Cooperative Agreements or USAID Contract Management for NGOs: An Introduction

Who Should Attend

  • Finance, compliance, and program staff who manage budgets and reconcile activity costs with program budgets
  • We highly recommend that both finance and program staff from within an organization participate in the workshop together

What You Will Learn

This workshop is an exploration of the skills you need for financial management of US Government funds. You will learn how to: 

  • Identify accounting system basics required to be eligible for US Government funding
  • Compile and assess accurate financial statements
  • Prepare and manage the audit process according to funding guidelines
  • Develop and manage budgets in support of programmatic success
  • Apply methods for recovering indirect costs

 

Week One: Know your Regulations (and your fellow participants)

  • Whole group icebreaker activities
  • Regulatory review activity

Week Two: Indirect Costs

  • Team activity: Looks can be deceiving! (Analyzing indirect cost rates)
  • Individual activity: Direct and indirect cost (Distinguishing between the two)

Week Three: Budgeting

  • Team activity: Develop a budget
  • Individual activity: Budget narrative best practices

Week Four: Internal Controls & Segregation of Duties

  • Team activity: Memo to the Director (Recommending improvements to petty cash, procurement, and authorizations)
  • Individual activity: Roles of program and finance staff

Week Five: Monthly Close & Reporting

  • Team activity: Pipeline analysis
  • Individual activity: Spot the mistakes in the SF 425 report

Week Six: Audit & Next Steps

  • Whole group activity: Getting ready for the audit
  • Individual activity: Audit review & learning journal submission