PROJECT FINANCIAL PLANNING, DISBURSEMENT, PAYMENT MECHANISMS, DOCUMENTATION, REPORTING, RETIREMENT AND MANAGEMENT

WHO SHOULD ATTEND

Project Coordinators, Directors of Finance, National Finance Controller, State Finance Controllers, Finance Officers, Project Accountants, Internal Auditors, Head PFMU, Monitoring and Evaluation Officers and other Officers in charge of financial management and expenditure control related activities.

WHY YOU SHOULD ATTEND

The near collapse of the world’s economy, dwindling global oil prices, recent high profile corporate scandals and recurring cases of corruption in finance management have highlighted the need for an effective and transparent financial management and audit system that would ensure appropriate allocation and judicious use of available resources for the attainment of project or organisation goals and objectives.

Good financial management is responsible for not only protecting, developing, using resources, pushing and maintaining economic growth and increasing income, but also managing effectively and efficiently all national resources. Integral to this process are proper documentation, reporting and retirement which project sta. and in particular, those in the finance section must take very seriously.

Financial accountability requires a demonstration to the donor that funds have been used for the purpose for which they were intended. The reference point is the original funding application and guidelines usually provided with the confirmation of grant aid and the contract or agreement signed by both parties. It is important to comply with the conditions and meet reporting deadlines to establish credibility and encourage confidence.

Owing to the foregoing, this training has therefore been packaged to enhance the financial planning skills of participants. Beyond this, participants will have their competency levels enhanced on how to make sure their credibility and accountability conforms to donor’s (or government’s) expectation by keeping proper financial records, retirement and payment mechanisms.

At the end of the training, participants will be able to:

  • improve accountability, transparency and prudency in financial management
  • address the issue of weak resource allocation in organisation
  • identify and rectify deficiencies in financial data and budget reporting
  • work with accounting and auditing systems operated by the organisation
  • comply with internationally accepted accounting and auditing practice
  • improve financial efficiencies and effectiveness in service delivery
  • improve the framework for performing effective oversight functions in the organisation
  • perform expense planning at detail level or account level (labor, material, equipment)
  • allocate workforce resources and capital assets to projects
  • perform planning for interrelated projects and reconcile them
  • request funding; and _ track the project approval flow.
  • Public Financial Management: Fiscal Sustainability, Resource Mobilization and Allocation
  • Operational Management – Performance, Value-for Money and Budget Management
  • Governance, Transparency and Accountability
  • Fiduciary Risk Management – Controls, Compliance and Oversight
  • Key drivers for improving financial reporting and auditing in Public Finance management
  • Modernization of the Public Audit Process & Risk-based Auditing
  • Financial Reporting, Management & Information System
  • Financial Planning and its importance
  • Developing Financial Strategic Plans, Execution, Monitoring the progress and evaluating the Outcome
  • Basic Principles of Disbursement
  • Use of ICTs in preparing Financial Management
  • Policy and Budget Monitoring and Evaluation, including Budget Examination, Expenditure Reviews, Expenditure Tracking, Impact Evaluations and other Approaches to improve Project Accountability.
  • Audit and Evaluation, including Financial Compliance Auditing, Performance Auditing and Internal Auditing.

1st Run: 21st – 25th MAY, 2018 (ONE WEEK) | 21st MAY – 2nd JUN, 2018 (TWO WEEKS)

2nd Run: 23rd – 27th JUL, 2018 (ONE WEEK) | 23rd JUL – 3rd AUG, 2018 (TWO WEEKS)

3rd Run: 3rd – 7th SEPT, 2018 (ONE WEEK) | 3rd – 14th SEPT, 2018 (TWO WEEKS)

4th Run: 22nd-26th OCT, 2018 (ONE WEEK) | 22nd OCT – 2nd NOV, 2018 (TWO WEEKS)

5th Run: 3rd – 7th DEC, 2018 (ONE WEEK) | 3rd – 14th DEC, 2018 (TWO WEEK)

| IBADAN (ONE WEEK) | 150,000 Naira Per Participant

| IBADAN (TWO WEEKS) | 300,000 Naira Per Participant

| OUTSIDE IBADAN (ONE WEEK) | 200,000 Naira Per Participant

| OUTSIDE IBADAN (TWO WEEKS) | 400,000 Naira Per Participant