Singapore: Financial Management and Disbursement Workshop for World Bank Projects in Singapore

Program Contents

• World bank Project cycle and Project documentation
• World bank project financial Management Guidelines and borrower responsibilities
• Project Interim Financial Reporting and its Cycle
• Internal control
• Planning and budgeting
• Project Accounting system
• IFRS and its characteristics
• Annual Financial reporting
• Internal Audit control & Arrangements
• Skills on project Financial Management system
• Disbursement policies and procedures statement of Expenditure
• IFRS- Based disbursement
• Legal issues during loan duration
• Inventory, depreciation, capitalized interest
• Minority interests and consolidation
• Exceptional and material items
• Detailed review of the balance sheet including explanation of all significant accounting terminology
• Understanding the fixed assets note
• Accounting goodwill – what is it?
• Liabilities, pension fund accounting
• Debt and other liabilities like debt
• Deferred tax, contingent liabilities
• Overview of the International Accounting Standards Board
• The implications of the IAS Initiative
• Review of new standards produced in the last five years
• Present and future values
• Perpetuities and annuities
• Introduction to project analysis
• Identifying the key risk areas
• The essential aspects of the management task
• The issue of spreadsheet risk
• Overview of the forecasting process
• The relationship between organization risk and financial risk
• Identifying appropriate funding structures
• Recognizing the drivers of funding strategies