Effective Budgeting & Financial Management Of I/NGOs With TAXATION

OVERVIEW:

Effective Budgeting & Financial Management are vital for I/NGOs and NPOs. Key steps include setting clear goals, diversifying revenue sources, allocating resources based on programs, monitoring cash flow, and regularly reviewing financial performance. Implementing robust accounting systems, internal controls, and donor compliance measures are essential. Additionally, understanding tax-exempt status, tax planning, and ensuring compliance with tax reporting requirements are crucial. Continuous professional development is necessary to stay updated on financial regulations, tax laws, and accounting standards. These practices contribute to the financial sustainability and mission success of I/NGOs and NPOs. Similarly, Recklessness in Tax & VAT can result in legal consequences such as a Fine, Penalty and even Suspension of your Services & License from the Inland Revenue Department (IRD), demolishing Years earned Company’s Rapport &  Goodwill.

Therefore, Account & Finance Professionals from NGOs / INGOs , NPOs & Development Sectors need Continuous Guidance & Training  to cope with such rapid changes & developments in Accounting Standards regulations as well as Financial Policies, TAX & VAT Policies along with Practices in order to keep themselves Abreast.

Training / Workshop On Effective Budgeting & Financial Management Of I/NGOs With TAXATION by ISINEPAL focuses on enhancing the expertise of finance professionals in Effective Budgeting & Financial Management of I/NGOs with Taxation. Professionals will acquire comprehensive skills in budgeting, resource allocation, and financial optimization. It covers best practices in financial management, including accounting systems, internal controls, and cash flow management. Taxation compliance and optimization strategies specifically tailored for non-profit organizations will be explored. Furthermore, It Emphasis on donor compliance, transparency, and the integration of financial systems and technology. Upon completion, participants will possess advanced skills to excel in the dynamic realm of I/NGOs.

OBJECTIVES:

Up On the Successful Completion of Program, Professionals will be able to:

• Demonstrate a thorough understanding of effective budgeting principles and practices.

• Apply strategic thinking to align budgeting with organizational goals and priorities.

• Develop accurate and comprehensive program-based budgets.

• Effectively allocate resources to maximize program impact and financial sustainability.

• Monitor and control cash flow to ensure optimal liquidity and financial stability.

• Implement robust accounting systems and internal controls for accurate financial reporting.

• Comply with taxation regulations and optimize tax planning strategies for non-profit organizations.

• Navigate donor requirements and maintain compliance in financial reporting and fund utilization.

• Utilize financial systems and technology to streamline budgeting processes and enhance efficiency.

• Analyze financial statements and reports to assess the organization’s financial health.

• Identify and address budget variances through effective budget monitoring and analysis.

• Foster transparency and accountability in financial management practices.

• Establish effective documentation and record-keeping systems for auditing purposes.

• Evaluate and diversify revenue sources to enhance financial stability.

• Develop effective fundraising strategies to support programmatic goals and organizational growth.

• Assess and manage financial risks to minimize potential negative impacts.

• Communicate financial information effectively to stakeholders.

• Utilize financial data and analysis for informed decision-making and strategic planning.

• Foster collaboration and coordination between finance and program teams.

• Stay updated on financial regulations, trends, and innovations in the non-profit sector

& Many More……………………………………………….. !!

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For More Details & Agenda, Please Reach out to:

Contact Details: +977 1 520 3456 / 6666 |+977 9851117676 / 9801117676 | Hotline: +977 9851346767

Email: training@isinepal.com | isinepal@gmail.com

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