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Executive Education
Clariden Leadership Institute
Strengthening Financial Management for Nonprofit Organizations and NGOs (Sydney)
Alan Fell
Alan Fell Consultancy Ltd, UK
Alan Fell, Alan Fell Consultancy Ltd, UK

Alan Fell is a leading, internationally-recognized and respected specialist, with over 40 years of financial and business experience in strategic performance management – both in policy formulation and in practical application roles. Alan has wide practical experience in budgeting and forecasting techniques and has particular interest in the integration of budgeting to other planning and performance measurement functions.

 

Alan has served as a successful independent management consultant and trainer, covering a wide breadth of closely related topics in the past 17 years – from strategic planning and execution, to detailed budgeting and balanced scorecard. He has led more than 300 conferences, public training seminars and customized in-house trainings in a wide range of international locations, particularly, such as the Middle East/Gulf region, Asia, South Africa, Europe as well as the UK.

 

Prior to that, Alan was a senior executive with a major UK commercial bank. In his most recent management role, Alan was Head of Planning and Finance for a major division with 3,000 staff.

Program Summary

This comprehensive 2-day Strengthening Financial Management program is designed for Presidents, Directors, Board Members and Business Managers of NGOs to acquire the prerequisite skills and knowledge every non-profit and NGO need to formulating sound and viable financial management plan. Based upon a real-life case study, you will learn the principle of financial statements such as income and expenditure, balance sheet and cash flow, and how to manage fund-raising as a major income streams for NPOs and NGOs. You will also learn different budgeting methods for the adequate allocation of funds to organizational activities and to manage uncertainties and irregularities in income streams. At the same time, you will master cash management and its principles to achieve optimal cash flow to finance your business strategy and operational plans.

 

You will also be taught how to review the risks associated with managing the finances of an NGO and how those risks can be minimized by developing and implementing an effective risk policy and control framework. You will also master the regulatory requirements of implementing effective reporting to stakeholders. At the end of this 2-day program, you will be able to implement sound financial management plan that will help improve the financial viability, transparency and accountability of your organization, building the essential trust with stakeholders for organizational longevity and sustainability.



Programs, dates and locations are subject to change. In accordance with Clariden Global policy, we do not discriminate against any person on the basis of race, color, sex, religion, age, national or disability in admission to our programs.

Introduction

In the non-profit sector, organizations often face difficulties in financial management and accounting, receiving funds from grants and donations which are restricted or allocated specifically to helping beneficiaries. Organizations struggle with implementing the rigor of financial planning in corporate environment to do budgeting, planning and reporting. In addition, the lack of individuals with financial training exacerbates the problem of an NPO being able to develop and implement sound financial management plans.

 

This comprehensive 2-day Strengthening Financial Management program is designed for Managing Directors, CEOs, Business and Finance managers of NGOs to address the pressing financial management issues facing organizations by developing the prerequisite skills and knowledge every NPO leader needs in formulating a sound and viable financial management plan.

 

Based upon a real-life case study, you will learn the principle of financial statements such as income and expenditure, balance sheet and cash flow, and how to manage fund-raising as a major income streams for NPOs and NGOs.

 

You will also learn different budgeting methods for the adequate allocation of funds to organizational activities and to manage uncertainties and irregularities in income streams. At the same time, you will master cash management and its principles to achieve optimal cash flow to finance your business strategy and operational plans.

 

In addition, you will also be taught how to review the risks associated with managing the finances of an NGO and how those risks can be minimized by developing and implementing an effective risk policy and control framework. You will also master the regulatory requirements of implementing effective reporting to stakeholders.

 

At the end of this 2-day program, you will be able to implement sound financial management plan that will help improve the financial viability, transparency and accountability of your organization, building the essential trust with stakeholders for organizational longevity and sustainability.

What You Can Expect

  • Learn the principles of financial statements and how to effectively apply it for assessing financial performance
  • Understand and adopt a suitable budgeting method for your NGO to ensure adequate funding allocation for your organizational activities to achieve sustainable operations and to manage uncertainties and irregularities in income streams
  • Maintain and boost financial viability by optimizing cash flows using principles of cash and cash management
  • Interpret risks that are associated with managing the finances of NGOs and implement effective risk policies and control frameworks
  • Adopt and implement regulatory requirements and reporting standards for transparency and accountability in your financial reporting to the stakeholders to build trust and confidence

Who Will Benefit Most

This course is targeted at leaders who are in charge of overall business management and the financial management of non-profit organizations and NGOs, who need to understand the financial management of their organizations for which they are ultimately accountable for.

Program Outline

08:30 - 18:00 / 6 April 2017

DAY 1

 

Course introduction – and what is special about NGO / NPO

  • Delegate introductions
  • Different types of NGOs and NPOs
  • How financial management in an NGO differs from a “normal” organization

 

Overall Financial Management Principles / Key Focus Areas

  • Review and discussion session based upon an NGO case study: note – the published annual report of the case study will be circulated in advance to delegates. Delegates are encouraged to study them prior to their arrival at the course.
  • The principle financial statements
  1. Income and expenditure
  2. Balance sheet
  3. Cash flow
  • Fund raising – the practicalities of managing the “income stream” of the NGO

 

Budgeting

  • What is budgeting and how it fits with wider strategy and business management / operational plans
  • Overall principles of budgeting within an NGO
  • Managing the conflict between pledges and actual funding
  • “Opex” and “Capex” budgeting
  • Different types of budgeting – the pros and cons of each with special reference to suitability within NGO management

 

 

08:30 - 18:00 / 7 April 2017

DAY 2

 

Cash Management: CASH IS KING!

  • Understanding the principles of cash and cash management: The main components of cash flow statements and the implications of accruals / prepayments and investments in projects
  • Cash flow reporting and analysis
  • Cash receipt control
  • Payment control

 

Risk Management

  • Review and discussion session – what are the risks associated with managing the finances of an NGO and how can those risks be minimized?
  • Developing and implementing an effective risk policy and control framework
  • The auditing of NGOs

 

Project / Programme Management

  • Project budgeting and analysis: Understanding the financial viability of otherwise desirable projects
  • Managing project prioritization where demand exceeds funding availability
  • Managing funding availability
  • Ensuring effective project management control and achievement of objectives

 

Reporting – Regulatory Requirements and Donor Reporting

  • Understanding the regulatory requirements specific to NGOs as well as more general regulatory standards and reporting
  • The structure and content of typical financial report and accounts
  • Implementing effective reporting to donors

 

Concluding Session / Action Steps

  • Each delegate is to prepare a personal action plan with relevant improvements to the financial management of their NGO
  • Delegates will have the option of briefly presenting their conclusions to the course group as a whole

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Venue: InterContinental Sydney, Australia
Date: 6 - 7 April 2017
Faculty: Alan Fell
Early Bird 1: AU$2,595 (by 7 February 2017)
Early Bird 2: AU$2,795 (by 7 March 2017)
Regular Fee: AU$2,895
Group Discount: 2nd participant get 10%, or register 3 participants and 4th participant get a complimentary seat
(1 discount scheme applies)
Contact: zachariah@claridenglobal.org
 
 
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