Budgeting
Building capacity through financial management
Building financial management capacity in the context of international development
Authors:
J. Cammack
Publisher:
Oxfam, 2007
Strong financial management capacity improves an organisation's accountability, transparency, and credibility and it contributes towards greater effectiveness, an improved programme of activities and better planning for the future.
This book provides practical guidance on how to build financial management capacity in an international development context. It describes best practices in financial management, examines what leadership teams can do to guide their organisation’s long-term direction, and describes other financial management aspects that can be built into an organisation’s structure. The book also considers issues of sustainability by looking at reserves and core costs and provides tools for building financial capacity management.
Key areas to consider when reviewing financial management capacity include:
- planning and budgeting
- financial management
- accounts record-keeping
- financial controls
The author emphasises that capacity building takes time roll out; organising a one-off workshop or training for staff is unlikely to plug the gaps and issues identified in a financial review.
