2010 - present

2010 - present

FACTS & FIGURES

  • Dates:       COMING SOON - 2015

  • Duration:  5 weeks

  • Format:     Blended & Self-Paced

  • Teacher(s):   Enrique A. Castro & Olga Ovsyannikova / Ol

  • Students:  25 maximum

  • Price:        

Enrique A. Castro: 

He is a Finance professional with more than 7 years of experience in both the corporate and NGO sectors. Enrique hold a Master in International Business by the University Jean Moulin in Lyon (FR) and the University of Economics in Prague (CZ). He was Financial coordinator for Médecins Sans Frontières, both at the field (Haiti, 2010) and at the Headquarters (Czech Republic, 2013 & Switzerland, 2015)  
 

Olga Ovsyannikova:

She has 11 years of professional experience in Management Accounting, Financial management and Strategic planning. Olga hold a Master of Professional Accounting with High Distinction (University of Technology Sydney, Australia) & CPA Associate Member and a Bachelor of Economics with Honours (Far Eastern State University, Vladivostok, Russia).

 

TEACHER PROFILE

      Course Overview

 

This course covers the basics of project budgeting and explains budgeting process in simple terms for people with little exposure to accounting and finance. The course concentrates on the development of practical skills required to create a budget and using it as an active management tool. The hands-on approach based on case studies ensures that the developed skills are applicable to real-life situations.

      Course Objectives

 

Upon completion of the course the students will:  
- Understand what is budget and why they are used in project management; 

- Understand the main budget concepts and the difference between budget and cash flow;

- Develop skills to analyse the main budget categories and estimate their value;

- Understand the meaning and importance of “buffers” and when and how to use them;

- Learn about cost drivers and the link with the budgeting;

- Learn how to organise data in the spread sheet and put controls in place;

- Learn how to use and analyse budgets and explain variances between budget and actuals;

- Understand why saving too much is almost as bad as spending too much;

- Learn to use the budget as an active management tool;

- Be prepared to take more advanced courses on Finance.

Budget of humanitarian projects:

Basics of budgeting for a non-financial people

      Course Content

 

Module 1: What is budget? Its types and uses 

Module 2. Simple budgeting concepts: CAPEX, Budget and Cash flow

Module 3-4. Practical development of the budget: - Main Budget Categories; - Activities and Cost Drivers; - Organising the spread sheet – development of a template; - Putting numbers against the categories – techniques and estimations; - Controls in place.

Module 5. Record keeping for actuals and variance analysis

Module 6: Presentation techniques: delivering precise information
 

Upon successful completion of the course, the student will receive a certificate with a unique ID number. The certificate can then be verified by an employer by email enquiry on TRAASS’s website.

CERTIFICATION

      Course Methodology

 

This online blended course comprises of reading materials, video-lectures and practical exercises to ensure practicality of the knowledge acquired.  Case studies throughout the course are used to ensure the hands-on approach and development of practical skills. Budgeting guidelines, tips and templates are provided to the students for usage in their workplace.

DURATION

Time required for completion solely depends on the student. However, we recommend allocating at least 4-5 hours for every module.
 

      Target Audience

 

- Employees of humanitarian organisations who need to work with budgets or plan projects (field coordinators, admin/financial support, etc.); 

- Management of NGOs;

- Founders of humanitarian organisations/charity projects, who need to plan the financial side of their projects;

- Project managers and other NGO staff interested in financial planning and project budgeting.
 

PREREQUISITE

Basic knowledge of MS Excel or other spreadsheet programs. Very basic knowledge of accounting terminology.

LANGUAGE

The course materials and video lectures are in English, but can also be offered in Spanish and French if requested.

       Support

 

Reading and studying materials are provided. Students are encouraged to use the forum or chat to share knowledge and ideas. Also, students can contact the course coordinator via e-mail or post their questions on the forum. The course coordinator will reply to any queries within a reasonable time.