1. Introduction Financial management is crucial for the success of any organization, be it private, government or non-government. Successful … [Read more...] about Financial Management Basics for NGOs
Financial Management is a vital activity in any organization. It is the process of planning, organizing, controlling and monitoring financial … [Read more...] about 2. What is Financial Management?
As a NGO you might be thinking your primary task is to work towards social service and not financial management. But unless your finances and funds … [Read more...] about 3. Importance of Financial Management for NGOs
Developing a financial policy is a matter of time, effort and resources. Depending on the size of your NGO, the time required for developing a policy … [Read more...] about 4. Process for developing Financial Policy of an NGO
Since preparing, drafting and making a financial policy consumes lot of time, policy-deciders must consider the most significant and relevant factors, … [Read more...] about 5. Important questions to ask, before developing a Financial Policy for NGO
All financial decisions, activities and plans are done in accordance to a set of procedures that form the basis of the financial policy. Once the … [Read more...] about 6. Structure of Financial Management Policy
The most important section of a financial management policy of an NGO is the procedures for accounting. The accounting procedures describe the methods … [Read more...] about 7. Components of Financial Management
Financial Management in NGO is undertaken by its governing body, board members and finance staff. Governing Body: The body comprises of members from … [Read more...] about 8. Financial Management Staff & Responsibilities