Diploma in Financial Management and Accountability

The emerging role of the voluntary sector in today's scenario in promoting wholistic development is recognized by one and all. Historically, the evolution of the sector was not very structured rather it grew in response to the growing need for just and equitable development. But over the last decade, the face of the sector is undergoing through a change. There has been a remarkable increase in the number of persons wanting to join the sector. The size and intensity of the sector has increased by leaps and bounds over the last decade and the amount of resources involved in the work of the development sector has also shot up remarkably. A large amount of funds, both from within as well as outside the country are being utilized for the purpose of development work. This creates a need for better financial management practices, a more professional approach in the sector as a whole.

The one year Diploma in Financial Management and Accountability aims at building the capacity of individuals wanting to join the sector as well as for persons already working in the sector in the areas of financial management and thereby promoting transparency and accountability in the sector.

The financial management practices determine the effectiveness, accountability and transparency of the sector to a large extent. Even though some degree, diploma, or certificate programmes on rural management, management of non-profit organizations and related subjects are being offered by different institutions to cater to the needs of the voluntary sector, there still exists an unmet demand for specific capacity building in the area of financial management of voluntary organizations (VOs). This Diploma programme is designed to meet that unmet need in the voluntary sector.

The overall objective of the programme is to promote accountability in the sector by strengthening the financial management practices and by building individual capacities.