Financial Management And Disbursement for World Bank Projects Workshop in

<a href="https://risalatconsultants.com/financial-management-disbursement-world-bank-projects-workshop-dubai/" target="_blank" rel="nofollow noopener noreferrer">Program Overview
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Financial Management is one of the major aspects of any commercial activity. The process of financial management refers to the strategic planning, organizing, directing, and controlling of financial undertakings in an organization or an institute. Timely and precise financial data are indispensable for effective decision-making, as well as for corrective action by project management staff, to enhance the prospects of timely completion of deliverables within the planned project budget and scope. This short-term intensive training course will focus on the financial management of World Bank Funded Projects and provide the full in depth information regarding the World Bank documentation requirements, Financial Management Cycle, Planning, Budgeting & Reporting.

<a href="https://globalevents.biz/event/financial-management-disbursement-world-bank-projects/" target="_blank" rel="nofollow noopener noreferrer">Target Audience
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Financial Management & Disbursement for World Bank Projects Workshop in Dubai, UAE is an ideal suite for all professionals involved in the mid and top tier management level of World Bank funded projects. Including: Financial Managers and analysts, Finance officers and examiners, Project Management Staff, Budget Planners & Analysts, etc. In addition, the program will prove beneficial for those finance and accounting professionals and project management specialists, who are willing to work on World Bank Funded projects in the near future.

Program Objectives

Upon the successful completion of this course, the attendees will have a deep understanding of every major aspect following the projects funded by World Bank Group. The delegates will be able to participate and fully comply with the donor requirements per se. The knowledge acquired will cover the following major areas:

Financial Management Guidelines for World Bank Funded Projects

Documentation Requirements for the Donor

Planning, Budgeting and Reporting for World Bank Funded Projects

Audit Process of World Bank Funded Projects

The responsibilities of the borrower and the donor

Legal Aspects in World Bank Funded Projects

The Funding Structure and Strategies for World Bank Projects.

Program Contents

World bank Project cycle and Project documentation

World bank project financial Management Guidelines and borrower responsibilities

Project Interim Financial Reporting and its Cycle

Internal control

Planning and budgeting

Project Accounting system

IFRS and its characteristics

Annual Financial reporting

Internal Audit control & Arrangements

Skills on project Financial Management system

Disbursement policies and procedures statement of Expenditure

IFRS- Based disbursement

Legal issues during loan duration

Inventory, depreciation, capitalized interest

Minority interests and consolidation

Exceptional and material items

A detailed review of the balance sheet including the explanation of all significant accounting terminology

Understanding the fixed assets note

Accounting goodwill – what is it?

Liabilities, pension fund accounting

Debt and other liabilities like debt

Deferred tax, contingent liabilities

Overview of the International Accounting Standards Board

The implications of the IAS Initiative

Review of new standards produced in the last five years

Present and future values

Perpetuities and annuities

Introduction to project analysis

Identifying the key risk areas

The essential aspects of the management task

The issue of spreadsheet risk

Overview of the forecasting process.

Program Methodology

The program methodology uses the mix of modern interactive learning techniques which include but are not limited to: presentations, group and individual exercises, practical tasks and assignments, field visits and case studies. The trainer will encourage the maximum involvement of the attendees in order to enhance the results and successful practical appliance of the material covered.

Event Venue & Nearby Stays

Copthorne Hotel Dubai, Deira undefined, Dubai, United Arab Emirates