Non-Profit Financial Management

paltryclewManagement

Nov 9, 2013 (3 years and 9 months ago)

66 views


Non
-
Profit Financial
Management

Do good.
Better.


A practical 4
-
day course, providing a step
-
by
-
step approach how to improve financial
management and use it as an effective management tool for more mis
sion impact.

w
ith


2

“The training was
very

useful, to the
point
,

and
really

helped me get better
.
I can now read and use finance”


Course participant, Bangkok

Purpose


Capacity Building:

building

the capacity of staff to manage
their
resources
from

international
aid and development
programmes

in a cost
-
effective and transparent way


Practical scenario l
earning:
learning ho
w to us
e

finance as an eff
ective management tool,
telling
the s
tory of resource use and mobilis
ation


Managing
finances better
:
increase the impact of humanitarian action through better financial
and grant management

Purpose
, Aims

& Target Audience

Aims


Knowledge
:

transfer knowledge of financial management, budgeting,

cost control, compliance
and anti
-
fraud, and other important areas of financial and grant management


Application:
take the fear out of finance and practice the acquired knowledge immediately


Skills
:
permanently increase the participants’ skills in this
area and support management for
Target Audience

The course is designed for all staff who like to understand financial concepts better, learn bow they
apply to humanitarian work and use them to manage and steer development
and aid programmes. As
such participants typically include operational, programme as well as financial management staff.
Finance professionals may also use this course to learn our unique training method and spread it
within their organisation for wider ca
pacity enhancement (see optional day 5).


3


MzN w
as flexible and coul d
easily tail or the training to
meet the needs.”


Mission East, Armenia


Training Approach

It may be a finance course, but it’s all about your mission and impact!


Our approach is a
practical,
multi
-
sensory way of learning that
has proven to produce le
arning

results
that are easier to implement and harder to forget. It's
also
engaging and
often
fun.


Our three
-
dimensional,
scenario
-
style

leaning reflects your workplace and
issues.
By seeing and understanding the structure, our trainers can have a
more p
owerful conversation with the
participant

and avoid confusion.


Many do not understand concepts of debit and credit because the human
mind distinguishes colour better than theoretical concepts. Our training
approach solves this learning in a profoundly si
mple way. The result is
a
deeper, faster
,

and more
robust understanding of
how accounting and finance work
.



4

Course Structure

The course has a modular structure, each module building on the knowledge and skills built in the previous mod
ule, but sticking with the same
scenario. That way, the story facilitates the learning in a natural, non
-
academic way.

KEY PRINCPLES


Gaining Confidenc
e

and g
etting

the basics right!

Day 1

1.
Let’s start:
Introduction &
welcome, objective settings.

2.
Letting go
: The importance of unlearning and letting go to prepare for accelerated learning.

3.
Why we are here
:

A quick look at the history of financial management and
what it means for you.
You will start looking at an organisation as a funding story, its use of funds and its mission in a
balanced picture.

4.
Financial Literacy
: Become financially literate as a basis for further learning

a.
Set the scene: Why is it important
and the history of accounting

b.
The structure of any financial statement explained.

c.
How to read the story in financial information like budget to actual statement, cash flow
projections, break
-
even sustainability analysis, balance sheets, funds flow.

d.
Jargo
n buster: what is EBITDA, GAAP, asset valuation, income recognition, depreciation,
margins, and why are they important?

Budgeting & Planning


You are now financially literate.
Build o
n that and learn how to plan
and budget
.

Day
2

Failing to plan, is planning to fail. So ho
w do we plan finances to maximis
e
their use
?


Consolidate

Financial Literacy Basis from Day
1


Financial p
lanning
: Why and how?


Forecasting
:

How to best forecast income and cost items.


Budget introduction
: Which budget type for which programme?


Scenario
:

Practical approach to reading, building and improving good budgets.


Cash flow forecastin
g
:

How to ensure you don’t run
out

of cash.


Practice
:

Try it out using your own programme or day job as an example.


5

Course Structure

Day
3

Day
4

FIELD ACCOUNTING & REPORTING


How to make sure you operate
transparent and fully accountable to
your beneficiaries and donors.

Transparent, acco
untable, honest, and useful financial information in the field.


Records
: What records should be maintained and how?


Financial Monitoring
:

Who needs what, when, why, and how to present it.


Reporting
:

How to report to be fully accountable and keep your don
ors happy.

a.
Project Reporting
:

Make sure project stakeholders are fully informed.

b.
Mission Reporting
:

Reporting for core costs and multiple projects.


Scenario
: Prepare a report and present it from different perspectives.


Donor Reporting
: A brief overview

of what donors want from you.

FINANCIAL CONTROLS & SAFETY


Make sure you protect yourself
from error and fraud.

Effective finan
cial controls and protect you and your colleagues from error and fraud.


Assets:
How to keep the
m

safe and accounted for
.

a.
Cash:

Practical tips for cash accounting and keeping cash.

b.
Stock:

How to account for stock and ensure its used as indented.

c.
Cars & othe
r valuable assets:

Track them and keep their use transparent.


Financial Controls:
Practical recommendations for effective controls

to prevent fraud and error


Audit & Assurance:
The role and how to get the best of it
.


Summary
: Key learning points summarise
d.


Keep on learning
: Introduction to the MzN | International knowledge database


Course Evaluation & Certificates:
Learning points vs. objective.

Day
5 (optional)

TRAIN THE TRAINER


Spread the learning in your NGO


You experienced the Finance for Impact Course.
Optionally, you can

now learn how to train
other
s and help enhance your organisation financial management capacity without incurring the
costs of external trainers.





(places are limited, additional costs of £500)


6

This
course costs GBP £880 (ca. USD
$1,330, EUR €1,025
) per person. This
incl
udes all costs including


Certified and professional trainer


All course materials


Attendance certificate


Lunch and refreshments



Spread the learning

The Train the Trainer day costs GBP
£500 per person and includes


Certified Trainer certificate


1 additiona
l training pack



Addition training packs costs £175
for a four day course


Admission is limited. Please contact
us to discuss
.

You can book this course simply by
sending us an email to
training@mzninternational.com



with the following information:


Your name, p
osition, duty station


Your contact details (email, skype,
telephone)


Your organisation


Course name and date


Contact name, address & email you
like us to invoice


How d
id you hear about us?



Alternatively, please
download

the
booking form
from our

website

and
return this to us.

Our mission is to enhance the efficiency
and effectiveness of humanitarian action.

We are a team of
humanitar
ian action
professionals with a focus on
finance
and grant management
,

coming

together
to exchange best practice, ideas and
information worldwide.

Simply put, we
ask how to make humanitarian action
better and then devise services to do it.

With a team of
more than 75 experts
worldwide, we are here
to help.
MzN |
International is a social, non
-
profit
business
.

We are licensed and accredited by Accounting
Comes Alive and
Color Accounting

are
trademarks of Accounting Comes Alive
International

About us

How to book

Costs




Our training approach


[
This training

method
] has the advantage of showing how accounting works visually.
We all tend to see problems and relationships more easily visually, so [
this
] approach
takes advantage of how we learn most effectively.

As such, I believe that it is of value to anyone w
ho is interested in understanding how
accounting works.



Paul Healy, James R. Williston Professor of Business Administration,

Head of Accounting & Management Unit, Harvard Business School







More information about our approach can be found on

www.mzninternational.com