Finance
In order to achieve their objectives, all organisations need to make the most efficient use of their financial resources. Financial systems and procedures are designed to help an organisation:
- ensure that management is based on accurately tracked costs for each aspect of its work; so that managers can early on identify financial problems, or opportunities to improve efficiency and cost-effectiveness
- avoid the loss of money or mismanagement of funds, and have contingency procedures to deal with loss of money or mismanagement of funds
- secure further funding from donors by demonstrating that they have looked after previous funding properly, and used it effectively.
Related themes
Technical support in financial management
Resources
Summary of NAF Financial Policies and Procedures - Revised Version
National AIDS Foundation (Mongolia, NAF), 2000, Word, 8 pgs, 517 kb
MANGO - Management Overview of NGO Field Office Financial Management
Pack providing concise overview of the key financial management issues for an NGO field office.
Management Accounting for Non Governmental Organisations (MANGO), Word, 3 pgs, 90 kb
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