Financial Management for Development Projects

OBJECTIVES AND RELATED CONTENTS The course enabled the participants to: • Understand the fundamental definitions, concepts, boundaries, implications and standards of project financial management • Know the legal, operational and financial implications of project financing or funding agreement(s) on project implementation operations and on financial reporting • Have a knowledge and understand the implications of international accounting systems • Prepare and present the project budget in accordance with the agreed accounting system(s), identifying key stakeholders concerned by project financial management and keeping into account procurement requirements and staffing needs • Operate the project financial system: manage stakeholders, collect and use financial data, manage budget changes, fiduciary risks and financial controls • Understand the key features of a customized project financial management system in view of identifying computerized solutions and systems and developing an operational project manual • Understanding essential aspects linked to internal and external controls and audits • Being aware of all requirements linked to financial reporting and to project closure • Use of soft skills and knowledge to understand and manage project-related financial challenges, unforeseen situations and problems • Adopt a lifelong learning paradigm to project financial management ACHIEVEMENT This certificate of achievement is delivered only to the participants who have produced the required deliverables by completing successfully the self-guided learning modules, the knowledge tests, the case studies and the assignments. I. Distance learning modules and knowledge test • Completion of 3 tutor-guided online learning modules and workshop’s contents • Acquisition of practical knowledge for each module II. Practical assignments • Completion of practical learning activities and assignments to simulate performing the essential tasks and analysis needed to manage project financial management efficiently. III. Soft-skills, ethics and engagement of stakeholders in M&E • Participation in several learning activities to familiarize with good practices, norms and standards to properly and successfully engage stakeholders and provide necessary internal support in financial management.