Unit 8: Establishing a Financial System

The unit focuses on the critical role sound management of your organization’s finances plays in program planning and implementation. It helps you avoid costly missteps and yields efficiencies that will allow you to extend your reach and serve more people. Representing your activities accurately in financial terms will also help to ensure accountability for the funds you receive. It can widen your circle of supporters, who will be more confident in supporting your mission when they see that you are able to handle donations with diligence and care.

Introduction

1. Role of financial controls and the finance team
2. Banking
3. Understanding different categories of funds
4. Budgeting
5. Purchasing
6. Accounting and control
7. Accounting policies
8. Coordinating with other departments

Conclusion
Resources