Financial Management for US Government Funding
|Early - Jul 17||Regular - Aug 07||Late - Aug 28|
|INSIDE NGO MEMBERS||$820||$925||$1,030|
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.
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.
Participants at the workshop will earn 15.6 CPE credits and receive a certificate of attendance. The course level is Basic. The delivery method of this program is Group Internet Based and the Field of Study is Specialized Knowledge.
InsideNGO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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.
Welcome to the workshop ·
- Meet & greet ·
- USG Rules & Regulations Review
What about those indirect costs? ·
- Direct costs ·
- Indirect costs ·
- Indirect rates and NICRA
- What is a budget? ·
- Developing the budget ·
- Writing the budget narrative
Financial management (pt. 1) ·
- Internal controls
- Segregation of duties
Financial management (pt. 2) ·
- Monthly close ·
- Budget v. Actual reporting and management ·
- Financial reporting requirements
Audits and workshop wrap-up ·
- Preparing for an audit ·
- Different types of audits ·
- Responding to draft audit reports