Budgeting & Financial Management

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Course Description

Understanding how to manage research funds effectively, prepare budgets, and justify expenditures are essential skills for researchers navigating grant-funded projects and institutional reporting requirements. This course equips early-career researchers with the foundational tools and confidence to take charge of their research finances.

Mawazo Learning Exchange’s Budgeting and Financial Management CoreCourse introduces key budgeting concepts, spreadsheet skills, and financial planning practices tailored to the research context. Through practical lessons and assignments, participants will learn how to prepare detailed budgets using Excel, justify their expenditures through clear budget narratives, and gain insights into financial management principles relevant to research work.

The objectives of this CoreCourse are as follows:

  • To help researchers understand the core principles of budgeting and financial management.

  • To help researchers build Excel skills to analyse, calculate, and create research budgets.

  • To help researchers develop detailed and defensible budgets aligned with research goals.

  • To help researchers craft strong budget narratives and justifications for funding bodies.

This course is comprised of the following lessons:

  1. Microsoft Excel Refresher

  2. Principles of Budgeting and Financial Management

  3. Creating a Budget with Excel

  4. Crafting a Budget Narrative

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