The Consortium of Bangsamoro Civil Society, Inc. (CBCS) and the Support to Bangsamoro Transition (SUBATRA) Justice and Society Project, conducted the Financial Management training and Planning with its implementing partners last March 9 to 10 in Davao City.
The activity aimed to enhance the implementing partners’ knowledge in managing and organizing their financial transactions based on the minimum standard set by the project funders. Through this, participants were given an introduction to Basic Bookkeeping and Accounting, Income Statements, Balance sheets, Double-entry accounting, and T-accounts. Furthermore, the fundamentals of Microsoft Excel were also given as a refresher. Its importance and usage were also highlighted in the work of the finance people especially in complying with their financial reports. The participants were able to grasp the basics of the said software application. The presentation was a prelude to the next topic of the CBCS Finance staff.
The finance staff had an orientation on financial guidelines for the release and use of funds for the implementation of partners’ various activities in the community and at the grassroots level.
CBCS Chairperson Guiamel M. Alim also graced the training and imparted knowledge on project management. H
e stressed that finance is the lifeblood of project implementation. “The use of financial management has to be efficient and effective, napaka-importante po kung papaano natin ginagamit ang pera. The lifeblood of any NGO that is not income generating is saving without losing sight of quality”. Mr. Alim said. In project management, he emphasized the basic management skills that an organization must possess, such as effective communication, negotiation, leadership, risk management, and critical thinking.
Meanwhile, CBCS Administrative Officer Danilo Mocsin introduced the Organizational Capacity Assessment and Financial Management (OCAFiM) and its importance for more effective project implementation.
At the end of the training, the implementing partners were able to draft a work plan for their program and activities with the corresponding budget this year. They also expressed their appreciation for the given training for this will help and sustain their own organization’s operation.
The Project’s Implementing Partners present were as follows:
1. United Voices for Peace Network (UVPN) Inc.
2. United Youth of the Philippines – Women (UNYPHIL-Women)
3. Tulung Lupah Sug Inc. (TLS)
4. Thuma Ko Kapagingud Service Organization Inc.
5. Association of Local Mediators in Tawi-Tawi, Inc. (ALMTA)
6. Concerned Alliance of Professionals and Students Inc.(CAPSI)
7. Teduray-Lambangian Women’s Organization Inc. (TLWOI)
8. Confederated Descendants of Rajah-Mamalu (CDORM)
9. Kadtuntaya Foundation Inc. (KFI)