Orientation on financial management, compliance, and reporting

Financial management, compliance, and reporting

Programmes

BRACE

Venue

Surkhet, Nepal

Date & Time

28 June 2022 to 29 June 2022

Contact

Bijay Kumar Shrestha & Mayaju Maharjan

About the event

Under our Regional Programme on Adaptation and Resilience Building, we are implementing a new initiative ‘Building Resilience of Agroecosystem and Community Empowerment’ (BRACE) in Karnali and Sudurpashchim provinces of Nepal.

As part of enhancing our partners’ capacity to meet the financial management, reporting, and compliance requirements for BRACE, we are conducting a two-day financial orientation for current and potential partners in Birendranagar, Surkhet. The orientation also envisages smooth coordination of documentation, financial monitoring and reporting under the Letter of Agreement signed between the partners. The orientation will be facilitated by our Senior Programme Finance Officer and co-facilitated by the ICIMOD Finance Team.

Objectives

Identify partners’ expectations and understand their organisational administrative/financial management systems
Build partners’ capacity on reporting and requirement of supporting documents
Build partners’ capacity and awareness on internal control, compliance, fraud, funding mix, procurement procedure, and inventory management

Background

BRACE is part of the Green Resilient Agriculture Productive Ecosystems (GRAPE) project, co-funded by the European Union (EU), Ministry of Foreign Affairs of Finland, and the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). GRAPE’s four fields of action (FAs) – economic governance, action research, roll-out, and upscaling – aim to make agroecosystems more sustainable and climate resilient through innovation and capacity building. ICIMOD is taking the lead in action research (FA 2) and developed BRACE to build the resilience of the agriculture sector in Karnali and Sudurpashchim provinces.

Agenda

Day 1 – 28 June 2022

Time	Programme
First half	Introduction
	Opening remarks – Shekhar Ghimire, Director – Administration and Finance, ICIMOD
	Welcome/ Overall objective/ Expectation collection
	Partners share best practices, areas of improvement, and expectations
	Financial management in an organisation and its importance
Lunch
Second half	Documentation of financial transactions and various aspects of financial reports
	Generating financial reporting template, tracking project expenditure and budget from financial report
	Social evening

Day 2 – 29 June 2022

Time	Details
First half	Review of Day 1
	Internal control, project compliance, and funding mix
	Procurement: Policy and procedures and inventory management
	Lunch