Managing Your Non-Profit Finances and Business Continuity
- Dr Francis Okoye, Faculty Member, Lagos Business School
The 11th C-PET training was held virtually this year due to the challenges with the COVID-19 pandemic; an arrangement which was a blessing in itself. Over two hundred Civil Society Organisations (CSOs) registered, we shortlisted 100 and an extra 20 in case some had challenges attending and eventually hosted 60 participants from different Civil Society Organisations from different parts of the country and West Africa.
The session was deep and interactive as it was effortlessly delivered by the facilitator who had in-depth knowledge of financial management and financial systems. The modules for the training were developed based on careful research by the facilitator and the CSR-in-Action team. Dr Francis Okoye took participants through topics on financial management, with modules on: What does financial management mean for a non-profit?, some of the key financial terms, reports and tools, addressing the financial health indicators which funders look for and investigating possible strategies for non-profit financial management during and post COVID-19.
The feedback from the training session is indicative of learning having taken place and participants’ satisfaction with the level of training received. The bar chart below indicates participants’ rating of their understanding and grasp of the training components.
All five indicators on training experience had over 90% agreement. This is on financial management, financial systems and its applications. This shows an overwhelming satisfaction of the participants for the training carried out.