This 30 minute module introduces managers to the building blocks of financial management, namely resource management, risk management, strategic management and organisational management. It explains why it is important to plan, organise, control and monitor financial resources for an organisation to achieve its objectives.

The learning outcomes of this module are to:

  • Define "financial management."
  • Explain why financial management is important for non-governmental organizations (NGOs).
  • Describe the "Plan, Do, Review" cycle.
  • Create a simple organization chart that shows NGO roles with authority and accountability streams.
  • Define the seven principles of financial management.
  • Describe the four building blocks of financial management.