CSOs acquire new dimension on financial management skills

Some 30 Civil Society Organisations (CSOs) located in different parts of the country have acquired a new dimension on how they should approach and manage their finances within their organisations, thanks to the Foundation for Civil Society (FCS) efforts in assisting them set up their own financial manuals.

Speaking at a five-day training organized recently by the FCS in Dar es Salaam, Ms. Albina Robert who is an accountant at Jamii Inayoishi na Virusi vya UKIMWI Kanda ya Muleba said, “we now have a new dimension to approach on our financial systems compared to the situation before since we can now proceed to set up our own financial manuals”.

She added that before they had limited knowledge on the current standardized financial systems, hence the training will enable them put together financial manuals which are key in streamlining financial systems and all transactions.

For her part, Ms. Maria Komba from Nyakitonto Youth for Development in Tanzania (NYDT) based in Kigoma region says, the training has enabled them recognize and embrace key fundamentals of accounting which are essential for enhancing financial management.

“We believe working with a proper financial manual will enhance our overall efficiency and decrease unnecessary queries,” added Maria.

Mr. Geofrey Isack who was facilitating the training says the training objective was to assist CSOs develop a system that can help them manage their finances efficiently and effectively.

He said the training was based on their desk review, which shows that many CSOs in the country were still operating without having standardized financial manuals. He thus believes the training coordinated by the FCS will enable CSOs to comfortably prepare financial manuals that are so important in enhancing their accountability, as well as minimize the risk of misuse of resources.

 

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