Management of Agricultural Research: A training manual. Module 7: Financial management













Table of Contents


Prepared by
V.N. Asopa
Indian Institute of Management
and
G. Beye
Research and Technology Development Service
Research, Extension and Training Division, FAO

FOOD AND AGRICULTURE ORGANIZATION OF THE UNITED NATIONS
Rome, 1997

The designations employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries.

M-67
ISBN 92-5-104097-4

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying or otherwise, without the prior permission of the copyright owner. Applications for such permission, with a statement of the purpose and extent of the reproduction, should be addressed to the Director, Information Division, Food and Agriculture Organization of the United Nations, Viale delle Terme di Caracalla, 00100 Rome, Italy.

© FAO 1997

This electronic document has been scanned using optical character recognition (OCR) software and careful manual recorrection. Even if the quality of digitalisation is high, the FAO declines all responsibility for any discrepancies that may exist between the present document and its original printed version.


Table of Contents


Foreword

Acknowledgments

Module 7 - Financial management

Session 1. Financial management 1: Components and information needs

Session guide: Financial management in an agricultural research institute
Case study: National Institute of Food Research

National Institute of Food Research
Advice to a reluctant director
Dr Ibokone ponders

Reading note: Financial management 1: Components and information

Basic financial information
Financial management
Financial and cost analysis

Session 2. Financial management 2: Planning and budgeting

Session guide: Planning and budgeting
Reading note: Financial management 2: Planning and budgeting

Cost analysis
Components of cost
Planning and budgeting
The budgeting process
Control
Internal and external auditing
Literature sources used in preparing the reading notes

Session 3. Financial management 3: Project design and implementation

Session guide: Project design and implementation
Reading note: Financial management 3: Project design and implementation

Project design and activity implementation
Break-even analysis of projects
Financing of projects
Recurrent-cost problems
Computerization of financial functions
Electronic spreadsheets
Database management systems
Summary
Literature sources used in preparing the reading notes

Session 4. Managing a research institute with uncertain finances

Session guide: Managing a research institute with uncertain finances - Case study: Faro Arroya
Case study: Faro Arroya

Faro Arroya
Animal research institute

Organization of research
Research farms
Problems faced by ARI
Re-orientation of research
The meeting with the foreign visitor
What the institute needed
Some dilemmas

Session 5. Generating funds through consulting as an institutional activity

Session guide: Generating funds through consulting as an institutional activity
Case study: Food technology research institute of Dongal

Food technology research institute of Dongal
Historical background
Buildings for FTRI
Organization

Scientific divisions
Team approach
Research work

Consultancy services programme

Types of consultancies

Appendix 1 - The food processing industry in Dongal
Appendix 2 - Consultancy regulations of the council for scientific and industrial research, Dongal

Guidelines for project costing