This module on financial management in the context of an agricultural research institute covers basic financial management techniques and control concepts. The concepts discussed cover various dimensions of financial management.
The module comprises five sessions:
1. FINANCIAL MANAGEMENT 1: COMPONENTS AND INFORMATION NEEDS2. FINANCIAL MANAGEMENT 2: PLANNING AND BUDGETING
3. FINANCIAL MANAGEMENT 3: PROJECT DESIGN AND IMPLEMENTATION
4. CASE STUDY: FARO ARROYA
5. GENERATING FUNDS THROUGH CONSULTING AS AN INSTITUTIONAL ACTIVITY - CASE STUDY: FOOD TECHNOLOGY RESEARCH INSTITUTE OF DONGAL
The module covers basic financial information, components of financial management, planning and budgeting, control, project and activity design and implementation, and computerization of financial functions. In addition, the case studies focus on management of research institutes with uncertain financial support and the need for generating supplementary funds through external consultancy contracting as an institutional activity.
The theoretical discussion of issues in financial management is quite detailed. Depending upon the profile of participants, their interests and time availability, the session can be divided into two or three shorter sessions. The trainer might choose to look at both case studies, or either of them, so long as issues such as uncertain finances and need for generation of additional funds are adequately emphasized.
