Financial Management for US Government Funding

Learning Opportunities

eLearning

Financial Management for US Government Funding

August 28, 2017 to October 06, 2017

Online (your computer!)

Instructor(s):

Robby Vanrijkel

Language: English

Related Events

eLearning

Financial Management for US Government Funding

Oct 30 to Dec 08

Online (your computer!)

Early - Jul 17 Regular - Aug 07 Late - Aug 28
NON-MEMBERS $1,030 $1,135 $1,240
INSIDE NGO 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 InsideNGO’s 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

 

The Inside NGO Advantage

For more than 35 years, InsideNGO has been "inside" the NGO community, supporting organizations as they address the world's most pressing social issues. We are widely recognized as the leader in US government assistance compliance training. Our training activities are designed to help you and your organization build capacity, strengthen decision-making, develop more efficient systems, and identify effective solutions to important challenges. Our learning programs are modeled on the best practices in adult learning. In today's complex operating environment, learning has never been more important, and we take great pride in being your partner in professional and organizational development.

This eWorkshop takes place over the course of six weeks. Each week, participants can expect to dedicate 3-5 hours to the workshop. Participation is entirely online, and participants can choose when to spend time on the workshop as long as weekly activities—especially team projects—are completed on time.

Week 1

Welcome to the workshop ·

  • Meet & greet · 
  • USG Rules & Regulations Review

Week 2

What about those indirect costs? · 

  • Direct costs · 
  • Indirect costs · 
  • Indirect rates and NICRA

Week 3

Budgeting · 

  • What is a budget? · 
  • Developing the budget · 
  • Writing the budget narrative

Week 4

Financial management (pt. 1) · 

  • Internal controls
  • Segregation of duties

Week 5

Financial management (pt. 2) · 

  • Monthly close · 
  • Budget v. Actual reporting and management · 
  • Financial reporting requirements

Week 6

Audits and workshop wrap-up · 

  • Preparing for an audit · 
  • Different types of audits · 
  • Responding to draft audit reports