Introduction:
Welcome to the Budgeting and Financial Planning for NGOs training program, proudly designed by Global Horizon Training Center. As a leading institution committed to empowering organizations, this program aims to equip participants with essential skills and knowledge to enhance financial management within non-governmental organizations (NGOs). Through a comprehensive and hands-on approach, participants will gain the expertise needed to navigate the unique financial challenges faced by NGOs.
Objectives:
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Provide a foundational understanding of budgeting principles and financial planning tailored to the specific needs of NGOs.
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Equip participants with practical tools to develop and manage budgets effectively.
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Enhance financial decision-making skills to ensure sustainable and responsible financial practices within NGOs.
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Foster a deeper understanding of financial reporting and compliance requirements for NGOs.
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Empower participants to communicate financial information effectively to internal and external stakeholders.
Target Audience:
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NGO Managers and Directors
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Finance and Accounting Staff
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Program Coordinators
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Grant Managers
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Fundraising Professionals
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Board Members and Trustees
Outlines:
Day 1: Understanding NGO Finances
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Introduction to NGO Financial Management
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Importance of Budgeting and Financial Planning
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Key Financial Terminology for NGOs
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Differentiating Capital and Operational Budgets
Day 2: Budget Development and Management
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Principles of Budgeting
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Steps in Budget Development
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Budget Monitoring and Control
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Variance Analysis
Day 3: Financial Decision-Making for NGOs
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Financial Sustainability for NGOs
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Risk Management in Financial Decision-Making
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Funding Diversification Strategies
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Investment and Reserve Policies for NGOs
Day 4: Financial Reporting and Compliance
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Financial Reporting Requirements for NGOs
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Understanding Audits and Compliance
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Transparency and Accountability in Reporting
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Best Practices in Financial Documentation
Day 5: Communication and Stakeholder Engagement
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Communicating Financial Information Effectively
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Engaging with Donors and Supporters
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Building Financial Literacy among NGO Teams
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Case Studies and Group Presentations
