This Course is Designed For:

 Project Finance Specialists;
 Project Accountants;
 Senior Accountants;
 Accounting and Finance Specialists;
 Project Management Specialists;
 Project Management Consultants;
 Project Management Practitioners;
 Project Officers;
 Project Directors;
 Project Managers;
 Entrepreneurs;
 General Managers;
 Field Managers;
 Venture Capitalists;
 Investment Managers;
 Fund Managers;
 Tender Response Units Officials;
 Bidding Department Officials;
 Senior Managers;
 Project Leaders;
 Commissioners;
 Fund Holders;
 Revenue Managers;
 Development Agencies;
 Regeneration Officials;
 International Associations;
 Corporate Managers;
 Economic Agencies;
 Regional Associations ;
 Economic Advisors;
 All others interested in the Practical Issues associated with Project Management, Generally, and World Bank Projects, specifically.

Duration: 10 Days

Part 1 – A Conceptual Framework: Setting the Scene (1)
The Accountant and the Accounting Environment
 Accounting – Defined;
 The Development of a Conceptual Network;
 External Reporting;
 Internal Reporting;
 Types of Business Entity:
Sole Trader;
Partnership;
Limited liability Company.
 Formation of Business Entity;
 Running the Business;
 Accounting Information;
 Meeting Obligations;
 Users and Their Information Needs;
 General and Specific Purpose;
 Agency Theory.

Part 2 – A Conceptual Framework: Setting the Scene (2)
A System Approach to Financial Reporting: The Accounting Equation
 Assets and Liabilities;
 The Accounting Equation – Statement of Financial Position;
 Alternative Ways of Expressing Accounting Equation;
 Asset:
Definition;
Examples;
Recognition.
 Liabilities:
Definition;
Examples;
Recognition.
 Ownership Interest;
 Changes in Ownership Interest;
 Subtracting;
 Causes of Changes in ownership Interest;
 Revenue and Expense;
 Net Impact of Business Transaction;
 Equation for Change in Ownership Interest.

Part 3 – A Conceptual Framework: Setting the Scene (3)
Financial Statements from the Accounting Equation
 Primary Financial Statements;
 Financial Statement Preparation;
 Statement of Financial Position – Balance Sheet;
 Other Forms of Statement – Horizontal and Vertical;
 Income Statement;
 Statement of Cash Flows;
 Subdivision of Cash Flows;
 Profit Does Not Equal Cash;
 Practical Illustration;
 Debit and Credit Recording;
 Analysis of Transaction;
 Trial Balance.

Part 4 – A Conceptual Framework: Setting the Scene (4)
Ensuring the Quality of Financial Statements
 Qualitative Characteristics;
 Relevance and Reliability;
 Measurement Principles;
 Materiality;
 Prudence;
 Regulation;
 Reviewing Published Financial Statements.

Part 5 – A Conceptual Framework: Setting the Scene (5)
Management Accounting
 Introduction;
 Meeting the needs of internal users;
 Management functions;
 Role of management accounting;
 Judgments and decisions: case study illustrations;
 Terminology of management accounting;
 Cost:
Definition of a Cost;
The Need for Cost Classification;
The Meaning of ‘Activity’;
Variable Costs and Fixed Costs;
Direct Costs and Indirect Costs;
Product Costs and Period Costs;
Cost Classification for Planning, Decision-Making and Control;
Cost Coding;
Cost Selection and Reporting.

Part 6 – World Bank Overview and Its Financial Aspects (1)
Introduction to World Bank (1)
 Strategies:
Comprehensive Development Framework;
Country Assistance Strategies;
Poverty Reduction Strategies;
Non-lending Activities;
Debt Relief (HIPC);
Low Income Countries Under Stress.
 Country Diversity:
Low Income Countries;
Middle Income Countries;
Fragile and Conflict-Affected Countries.
 Development Effectiveness:
Harmonization;
Alignment;
Aid Effectiveness Review.

Part 7 – World Bank Overview and Its Financial Aspects (2)
Introduction to World Bank (2)
 Project Database:
Country lending Summaries;
What is a Project?;
Project Major Sector;
Procurement Method;
How the Project Cycle Works.
 Project Status:
Board Work Program;
Monthly Operational Summary;
Status of Projects in Execution;
Implementation Completion and Results Report.

Part 8 – World Bank Overview and Its Financial Aspects (3)
Introduction to World Bank (3)
 Policies and Procedures:
Operational Manual;
Safeguard Policies;
Procurement;
Disbursement;
Sanctions;
Disclosure;
Debt.
 Products and Services:
Investment and Development Policy Operations;
Banking Products;
Trust Funds and Grants;
Guarantees;
Non-Lending Activities.

Part 9 – World Bank Overview and Its Financial Aspects (4)
Introduction to World Bank (4)
 How We Measure Results:
A Dynamic Framework for Capturing Results;
Several Initiatives Are underwayde.
 Projects and Lending:
How much does the World Bank lend every year?;
Where can I find information about how much a country is repaying the Bank?;
What happens if a country can’t repay what it owes?;
Why does the Bank lend to some countries that do not have democratic political systems, or have poor human rights records?;
Does the Bank always make developing countries privatize their industries and assets?;
Do political considerations play a part in whom the Bank lends to?;
How can I find the name of a project task lead?;
Does the public get to comment on Bank projects prior Bank approval?;
What happens when a project isn’t working, can it be changed?.
 Mapping for Results Platform:
Data Sources;
Methodology;
Open Data;
Partners.

Part 10 – World Bank Overview and Its Financial Aspects (5)
Financial Terms and Conditions of IBRD Loans, IBRD Hedging Products, and IDA Credits
 IBRD Loans;
 Fixed-Spread Loan (FSL) and Variable-Spread Loan (VSL):
Currencies;
Lending Rate;
Commitment Charge;
Waivers;
Front-End Fee;
Currency Conversions;
Interest Rate Conversions;
Interest Rate Caps and Collars;
Maturities;
Pricing;
Repayment Terms;
Prepayment.
 Distinctions between FSL and VSL;
 Process for Converting VSL to FSL;
 Hedging VSL without Converting into FSL;
 IBRD Hedging Products:
Access to Hedging Products;
Process for Execution of Stand-Alone Hedging Products
Master Derivatives Agreement.

Part 11 – World Bank Overview and Its Financial Aspects (6)
World Bank Financial Management
 Project Preparation;
 Project Implementation;
 Project Completion;
 Financial Management Arrangements:
Assessments of Financial Management Arrangements;
Interim Financial Reporting;
Audited Financial Statements;
Failure to Maintain Acceptable Financial Management Arrangements.
 Additional Financing for Investment Lending.

Part 12 – World Bank Overview and Its Financial Aspects (7)
Country Financing Parameters
 Financing Individual Projects;
 Special Review and Authorization Arrangements for Selected Types of Expenditures;
 Financing of Interest during Construction:
Calculation;
Presentation;
Documentation.

Please feel welcome to contact me, at any time. My e-mail addresses are: fria@hrodc.com; and fria.hrodc@outlook.com
My Direct telephone number is +442071935906