Financial Management for CSOs


This course aims at equipping NGO leaders, managers, and board members with the knowledge and skills to efficiently manage the financial resources of their NGO towards sufficiency.
Participants will acquire the basics of financial management concerning accounting principles, monitoring revenues and expenses, analyzing budgets, interpreting financial statements and reports, defining strategies and make decisions concerning resource generation and investments, as well as preparing financial planning and budgeting.

Course description:

By the completion of this course, participants will possess a better understanding of how to:

1- Gain insight into finance and funding challenges of development work and current trends

2- Become familiar with the financial link and interplay of balance sheet, statement of operations and statement of cash flow

3- Analyze and interpret budgets, financial statements and reports

4- Acquire practical tools in assessing operations’ performance in relation to resources used

5- Identify different financial causes and effects of a successful and a failing project



Session one: Introduction to Financial Management

Explains why financial management is important for CSOs

Clarifies what financial management and financial control involves

Describes the underlying principles of financial management

Session Two: Setting up a bookkeeping system for our organizations

What is the Right System?

Steps to setting up a bookkeeping system

 III. Session Three: Financial Management Standards

Internal Control Standards

Audit Standards

Reporting Standards

Session Four: Financial Planning and Budgeting

Basic understanding of how to prepare a financial plan

Problems associated with budgeting along with “best practices” in budgeting

Cash flow projection

Session Five: Financial Reporting

Prepare your financial report (Budget Vs Actual)

Variance reporting

Strategies when you are short of money

Session Six: Feasibility Study and Financial Sustainability

Prepare Feasibility Study document for new projects

Financial Sustainability of executed projects

Investing in the future

Number of sessions:


Dates of sessions:

April 22, 29 May 6, 13, 20, 27 - 2 hours each


English Slides and discussion in Arabic and English.

Course Pre-requisites:

No pre-requisites. This course is specifically relevant for people working in the non-profit sectors and social businesses.

Instructor Bio:

Mr. Samer Aoun works currently as a Managerial Consultant with the Sovereign Order of Malta as well as the General Manager at AGROFITT – AGRO FOOD INDUSTRIES TRADE AND TECHNOLOGIES. He is a lecturer in Finance at Notre Dame University (NDU) and a former trainer at the ‘NGO Capacity Building Program’ at the Lebanese American University (LAU). He followed his university studies at the same university and acquired a BA in Management and an MBA in International Affairs and Diplomacy. In his early career, Mr. Aoun joined BLOM Bank for an interim at the retail department and carried out an intensive academic experience through his work with various technical and vocational institutions. He occupied quite a few positions as consultant and project manager with several local and international organizations. He served as Assistant Manager with the World Rehabilitation Fund, a project sponsored by the United States Agency for International Development – USAID which provides economic opportunity for land mine survivors. In 2002, he successfully participated in a series of regional and international interdisciplinary seminars in political economy and conflict management offered by George Town University and sponsored by The International Institute for Political and Economic Studies (IIPES) and the Fund of American Studies (TFAS). He is currently the Financial Director of the EU funded project ‘DAEDALUS’, the EUROMED Consortium for career and business opportunities. Mr. Aoun is the Treasurer of the Lebanon Dialogue Initiative (LDI) as well as the Secretary General of the Lebanese Development network (LDN).


Contact Email:

[email protected]

How to contact:

please add the name of the course you’re interested to inquire about in the subject line. Note that registration is done via the form.

Participation Fees:

Standard – 180 000 LL

Reduced** – 120 000 LL

Solidarity* – Pay what you can
above the standard rate

*This fee enables to fund the reduced fee difference and allow concerned persons to have access to the course.
** For salaries under 1000$/month and having to pay house rental. If you do not fall under this categorie and still believe you should have the reduced fee, please contact us. The reduced rate is applicable for limited number of participants.