Financial management policy of an NGO is a manual that covers all the accounting policies, procedures and systems of the organization. Primarily, there are two purposes for framing a financial policy The accounting policies and procedures are set out to: Make certain that the books of accounts of the NGO are carefully prepared to confirm. Ideally, financial policies are developed in the following stages: Assessing the need: The very first step in making a policy is to understand its purpose. NGOs need to address specific needs or objectives while making financial policies. Identifying the purpose will give a strong foundation and base to overall policy development. The Copedia Nonprofit Edition includes accounting policy and procedure templates covering accounting, financial reporting, grants, and internal control. Also includes the management policies, HR, and Safety templates. Ideal in response to your nonprofit audit or board requirements. Compliance. Compliance is one of three internal control objectives.

All policies and procedures relating to the functioning of the Management Committee (Section 3 of the organisation's Policies and Procedures Manual). All staff will be required to attend the induction meeting for new Management Committee members. At this meeting Management Committee members will be provided with: A tour of the premises. GOVERNMENT ACCOUNTING MANUAL for Local Government Units TABLE OF CONTENTS Volume I The Accounting Policies Page Chapter 1. INTRODUCTION Section 1. Objective 1 Section 2. Coverage 1 Section 3. Legal Basis 1 Chapter 2. BASIC FEATURES AND POLICIES Disbursement Procedures 60 Section Inventory Process 61 Section Reporting 61 B. Trust. NGOs are organized institutions that not only deliver services but also manage staff personnel, oversee administration and maintain cash funds. As recipients of grants from various channels and project holders of welfare activities, they are required to uphold principles of accountability and transparency. One of the strong indicators of these principles is keeping policies and manuals in.

The aim of the Financial and Accounting Manual is to guide all the staff members in the operation of financial policies and procedures. This will ensure that there is uniformity in generating accounting data and preparing financial statements and compliance with internal control systems, policies and procedures. Policy Number 1 - General Statement on Accounting Policies and Procedures Policy: 1. ORGANIZATION NAME shall maintain its accounting records in conformity with generally accepted accounting principles. 2. Fund accounting - In order to ensure observance of limitations and restrictions placed. Accounting policies and procedures manual: a blueprint for running an effective and efﬁcient department / Steven M. Bragg. – 5th ed. p. cm. Rev. ed. of: Design and maintenance of accounting manuals / Steven M. Bragg, Harry L. Brown. 4th ed. c Includes index. ISBN (cloth/website) 1.