Money Matters: NGO Financial Management, Developing Operating and Cash Budgets – Summary & Review

On the 26th of October, Lebanon Support organised a workshop titled “Money Matters: NGO Financial Management, Developing Operating and Cash Budgets,” within its Civil Society Incubator programme. This workshop was developed as part of a greater curriculum developed in partnership with ACTED and funded by the European Union.

Pateel Papazian, an expert in financial management, presented the key aspects of budgeting processes, also identifying budgeting techniques, during her workshop. In general, the workshop discussed the following topics: budgeting for expenses, budgeting for revenues, developing an operating budget, developing a cash flow forecast (cash budget), and budgeting techniques.
Since the workshop aimed to enhance CSO financial officers and actors’ understanding of budgets and budgeting techniques, the workshop went beyond identifying academic approaches to budgeting, and rather also used practical tips to teach participants

The workshop also highlighted the importance of developing a cash flow forecast to ensure the financial security of a CSO, while also providing tools to ensure a sound budgeting process.

In the beginning of the training, Pateel focused on the functions of budgeting, while stressing the key aspects of developing operating and cash budgets. Pateel went on to emphasise two widespread budgeting techniques – incremental budgeting and zero-based budgeting. The workshop also included several exercises to help participants apply their newly acquired budgeting knowledge and solve practical financial examples.

In order to gather the attendees’ feedback for this workshop, we designed a post-workshop survey that was sent to the 18 participants of the workshop. The survey addressed several dimensions relevant to quality, usefulness of data, and the trainer’s ability to deliver the information. A summary of the results are presented below.

In the first question, we asked the attendees to rate, on a scale of 5 (with 5 being the best), the overall quality and usefulness of the workshop format and the provided material. As a result, we received an approximate rating of 4 out of 5 for the Overall Format, Presentation, Workshop Training Package, and Handouts.

In the next question, we gave the attendees specific criteria to rate the trainer’s performance and the information delivered in the presentation. Again they were to rate on a scale from 1-5 and we received the following results:

  • Relevant: 3.9 out of 5
  • Informative: 4.1 out of 5
  • Interactiveness: 4.3 out of 5
  • Easy to follow: 4.1 out of 5

Additionally, the survey also collected further feedback from participants. Amongst this feedback were the following:

“The format was very fluid and interactive.”

“Since I come from a very different background, it was at some point hard for me to follow, especially when technical words were used. But the trainer was very helpful when I asked her for some clarification.”

“It was amazing.”

Overall, 80% of the attendees found the workshop helped them become more knowledgeable about developing operating and cash budgets.

Money Matters: NGO Financial Management, Developing Operating and Cash Budgets

Lebanon Support cordially invites to a workshop under its Civil Society Incubator programme:

Money Matters: NGO Financial Management, Developing Operating and Cash Budgets

 

At the core of successful financial management is a knowledge of budgeting. A budget is a financial plan stated in numbers. There are three types of budgets: operating budgets, cash budgets, and capital budgets.

In this session, the trainer will talk about the key aspects of operating and cash budgets.

This open workshop is free of charge.

Registration is mandatory as places are limited. To RSVP, please fill out this form: https://goo.gl/forms/p9SrjHDum2gIMDLr1

This workshop was developed as part of a greater curriculum in partnership with ACTED and funded by the EU.

About the trainer:

Pateel Papazian is a financial trainer and consultant with over 19 years of experience in public accounting and financial management. For nine years, she was a Director at KPMG – Lebanon, where she was in charge of conducting audits  and  managed the ‘Train the Trainers’ program. In 2008, Pateel moved to the NGO sector as the Chief Financial Officer (CFO) of one of the leading microfinance institutions in Lebanon. In October 2010, she joined the American University of Beirut (AUB) as Director of Financial Reporting and Compliance, a position she held for 2 years before becoming a full-time consultant.

Pateel’s curriculum as a financial trainer includes seminars on IFRS, USGAAP, IPSAS, Financial Statements Analysis, Budgeting & Cost Control and Auditing & Internal control. Additionally, Pateel delivers two US training programs in the Middle East, CNAP (Certified Nonprofit Accounting Professional) and PWBC (Proposal Writing Boot Camp).

Pateel Papazian is a Certified Public Accountant from the state of California and holds an EMBA degree from the American University of Beirut.

*The Civil Society Incubator was officially launched by Lebanon Support in 2016 and aims to provide tailored support and mentorship to civil society actors, based on the needs of the partner. The Incubator is designed to foster the creation, development, and growth of local civil society and public action initiatives, organisations, or projects. Incubation at Lebanon Support is done through an array of services such as provision of office space, coaching and mentoring on technical issues, management, administrative matters, research, advocacy, networking, and web development among others.

 

:يتشرّف مركز دعم لبنان بدعوتكم لحضور ورشة عمل ضمن برنامجه الحاضنة للمجتمع المدني تحت عنوان

“الإدارة المالية في المنظمات غير الحكومية، إعداد الموازنة التشغيلية والنقدية”

.يكمن نجاح الإدارة المالية في معرفة الميزانية بشكل جيّد. الموازنة هي خطة مالية مطروحة بالأرقام

.هناك ثلاث أنواع من الموازنات: موازنة تشغيلية، موازنة نقدية، وموازنة رأسمالية

.ستقدم المدربة خلال هذه الورشة العناصر الأساسية للموازنات التشغيلية والنقدية

.هذا التدريب متوفر للجميع مجاناً*

:تسجيل الحضور إجباري بما أن المقاعد محدودة. لتأكيد الحضور، الرجاء تعبئة هذه الاستمارة

https://goo.gl/forms/p9SrjHDum2gIMDLr1

:عن المدربة

.باتيل بابازيان: مستشارة ومدربة مالية لديها خبرة تزيد عن ١٩ عاماً في المحاسبة والإدارة المالية

.تاريخ: نهار الخميس ٢٦ تشرين الأول ٢٠١٧، من الساعة العاشرة حتى الساعة الثانية عشر ظهراً-

.(المكان: في مكتب دعم لبنان (الطابق الثالث، بناية سكالا، شارع دمشق القديم، فرن الشباك، رابط للخريطة

.تأتي ورشة العمل هذه ضمن مشروع بالشراكة مع أكتد وممول من الاتحاد الأوروبي 

أطلق مركز دعم لبنان برنامج الحاضنة للمجتمع المدني رسمياً في 2016 ويهدف إلى تطوير قدرات الفاعلين في المجتمع المدني وتقديم الدعم والمتابعة حسب الحاجات. هذا البرنامج مصمم لتعزيز خلق وتطوير ودعم استمرارية الفاعلين المحليين في المجتمع المدني والشأن العام ومشاريعهم. تتم الحضانة في مركز دعم لبنان عبر العديد من الخدمات، منها تقديم التدريبات والإرشادات المطلوبة في الأمور التقنية والإدارية، إضافةً إلى الأبحاث، المناصرة، الاتصالات أو تطوير المواقع الالكترونية.

What do attendees think about the Civil Society Incubator’s 1st workshop?

Lebanon Support organised on the 26th of April 2017, a workshop on Clear and Persuasive Communication, delivered by Thomas Hart. We posted about the workshop in a previous post and you can read more details about it here.

In order to gather the attendees’ feedback about this workshop, we designed a post-workshop survey that was emailed to the participants of our workshops. The survey addressed several dimensions relevant to quality, usefulness of data, and the trainer’s ability to deliver the information. The results are shared below.

In the first question, we asked attendees to rate, on a scale of 5 (with 5 being the best), the overall quality and usefulness of the workshop format and the individual activities. As a result, we got an average of 4.3 out of 5 for the Overall Format, 4.5 for the Presentation, 4.4 for the Exercises, and 4.2 for the Handout.

In the next question, we gave attendees specific criteria in order to rate the trainer’s performance and the information delivered in the presentation, and we received the following results:

  • Relevance: 4.5 out of 5
  • Informative: 4.5 out of 5
  • Easy to Follow: 4.6 out of 5
  • Identified Challenges: 4.1 out of 5
  • Identified Strategies: 4.3 out of 5
  • Length: 4.2 out of 5

In addition to the statistical approach, the survey also included an open comment section where respondents could give further feedback. Here are a few of the comments we received:

“The powerpoint presentation was really organized and well formed ! Great Gob.”

“Excellent all in all, if possible more material. Great job!”

“Challenging, helps in clarifying and solidifying information.”

The third question aimed to assess the group exercise that took place within the workshop, which received the below results.

In terms of Relevance, respondents rated the exercises done in the workshop, an average of 4.3 out of 5, scoring the highest rate among the other 3 categories; while the rate of the overall usefulness followed with an average of 4.1. The respondents gave a rate of 3.7 for both the length of the exercises and amount of information delivered.

Overall, 90% of attendees found the workshop made them more knowledgeable about clear and persuasive communication and said they would recommend it to a friend.

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The Civil Society Incubator website is now online!

The Civil Society Incubator, a programme officially launched by Lebanon Support in 2016, shares our expertise of over 10 years working in the field of civil society.

By providing tailored support and mentorship for civil society actors in Lebanon, the Civil Society Incubator is designed to foster the creation, development, and growth of local civil society and public action initiatives, organisations, or projects in Lebanon.

Most importantly, this programme does not follow a ready-made format, but is rather designed and customised based on the needs of each partner.

Why did Lebanon Support launch this programme?

Lebanon Support has been providing informal support and coaching over the past years through its first two programmes, Daleel Madani and the Civil Society Knowledge Centre. In our mission to enhance civil society capacity, efficiency, and effectiveness through the creation of public spaces, Lebanon Support has launched the Civil Society Incubator.  The Civil Society Incubator aims to enable and empower civil society actors to enhance their projects and activities, better target their interventions, and help them influence policy through the provision of training and resources.

How can you benefit from this programme?

Incubation at Lebanon Support is done through an array of services such as provision of office space, resources, etc, as well as coaching and mentoring on a variety of topics such as administrative matters, research, communication, networking, and web development, among others.

As part of its mission to build the capacity of civil society actors, the Civil Society Incubator also organises free and open workshops for individuals working in civil society in Lebanon.

If you or your organisation is  interested in our Civil Society Incubator, contact us at : contact@lebanon-support.org

What is this blog all about?

This blog will showcase various activities of the Civil Society Incubator and feature updates about the programme, including upcoming events and workshops. The blog will also link to resources developed as part of the incubator.