Why is financial management important for ngos?
• Protecting an organisation against unexpected events and external risks • Giving an organisation a competitive edge over other NGOs • The legal and moral obligations for good financial management. 5 How to achieve good practice in financial management • Keeping accounts • Budgeting • Internal controls • Financial monitoring. 6 Advanced financial management techniques for managers • How cash flows should be managed • Working with donors and finance staff • Strategic financial management. 7 Financial management and organisational values • How strong ethical and moral values, such as gender equality, can influence financial management • How to organise projects to take these values into account.
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