Module 2.4: Operational Capacity - Financial Management
Learn best practice in financial management for your HPA.
What does financial management refer to?
Recommended resources
Before we start, let's see what you know...
Who does what in financial management?
Should a Treasurer have experience in finances?
When should we invest in a computerised accounting system?
Why is developing an annual comprehensive budget so important?
Where should we go for assistance related to financial management issues?
What are financial audits and when should we seek one?
Why would a funder request a financial audit?
Is it possible to train administrative staff to complete financial management duties?
What is the basic financial information that should be shared with our members annually?
What are the appropriate financial controls and approvals for receiving and spending money?
What government regulations and taxes do we have to take into account when we set up our financial system?
How many bank accounts should an association have?
Case Study: AOGU
Test your knowledge
Recommended practices
Actions to move forwards
Key points
What will you do next?
End of module quiz
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