Management Accounting for Non-Governmental Organisations
The Management Accounting for Non-Governmental Organisations (MANGO) is a United Kingdom-based non-governmental organisation (NGO) that helps aid agencies, NGOs and nonprofits to work more effectively. MANGO’s mission is to strengthen the financial management and accountability of NGOs and their partners. MANGO has established a reputation for delivering high quality training, staff recruitment, consultancy and best-practice guides.
MANGO is conducting a course on Planning for Financial Sustainability from 10-12 August 2016 in Zimbabwe.
This course is aimed at policy and strategic decision-makers of small to medium-sized NGOs, including Board members. The course is also suitable for international NGO programme managers who advise local partners on how to plan for financial sustainability.
Previous financial management experience or training is not a requirement for this course although it is advantageous to complete Getting the Financial Management Basics Right course first if you are completely new to financial management.
During the course there will be an opportunity to practice key planning tools using your own organisation’s situation, so it is important that you are familiar with your organisation’s strategic objectives and are in a position to implement the learning after the course. The course will have the most effective outcomes if two people from the same organisation are able to attend at the same time.
At the end of the course, participants will be able to:
- Carry out a financial risk assessment using selected analysis and mapping tools to identity critical threats facing their or partner NGOs
- Analyse income to identify their or partner NGOs’ current and desired financing mix
- Analyse financial statements using financial ratios to assess the donor dependency and reserves status of their or partner NGOs’ current and desired financing mix
- Carry out a resources audit to establish the potential for alternative financing options in their or partner NGOs
- Create an action plan for the next steps to finalise their financing strategy.
- Describe the four key features of a financially sustainable NGO
- Describe the components of a financing strategy for an NGO
- Explain why it is important to have diversified income in an NGO
- Outline options for building up unrestricted reserve funds to create a safety net and support future development
- Outline options for financing and managing central support costs across the organisation.
- Recognise that being highly donor dependent makes NGOs more vulnerable to external threats
- Appreciate the importance of managing key stakeholder relationships
- Gain confidence to take forward the design of a financing strategy for their organisation as a collaborative effort.
To book, refer to www.mango.org.uk/bookonline/1472.
For more information, refer to www.mango.org.uk/training/financialsustainability.
For more about the Management Accounting for Non-Governmental Organisations, refer to www.mango.org.uk.