AIESEC US RoKS 2015 | Finance Track 2.0

Finance Training 2.0

“Finance is the medicine of the organization.”

how many of you feel like you are ready to say you have worked in finance?

Finance Bottleneck

basic

Finance Bottleneck

UPGRADE

“Finance is the medicine of the organization.”

RISE

Join the crew:text

@aiesecusfinalertsto

23559

31,6712,4001,300

401

Financial Management Certification

4.3.19. Financial Management Certification, hereby referred to as FMC)4.3.19.1. Purpose: to ensure AIESEC US financial sustainability and

upkeep by tracking the financial activities of our entity4.3.19.2. Before submitting reimbursement request, all members of

AIESEC US must complete the FMC 4.3.19.3. The FMC status will only last until the last day of the fiscal

quarter, at the start of the new quarter members must then resubmit the FMC with updated information

4.3.19.4. The Finance Subcommittee may remove any individual on the FMC pool at any point with a unanimous vote of all the members of the Finance Subcommittee

4.3.19.4.1. Removed members will not be allowed to resubmit a FMC until the start of the next fiscal quarter

Timeline:Release – October 3rd, 2015Open Form - October, 2015

Change Date – October 26th, 2015

Goal : to keep finance within the group of people that are meant to actually oversee it

Goal : to make sure that we have a clear idea of exactly

which LC needs more education

ALL FOR ONE

Question 1:What coding would you use to reimburse someone from your entity for conference travel to a National Conference?

6304-02 Conference Travel National6140 Travel and Meals

6251 Strategic Fund

Question 2:What coding would you use to reimburse someone from your entity for Marketing Materials?

6251-04 Strategic Fund COMM62000-02 OGX Marketing

6162 LC Merchandise6128 Printing

Question 3:Who is your entity's account responsible? (Required for Reimbursements)

Local Committee PresidentVP Finance

VP Talent ManagementMCVP Finance

Are you allowed to submit reimbursement

requests 2 months after the day of

purchase?

Where can I find my LC’s current

balance?

CONGRATULATIONS

5 MINUTES

WELCOME BACK

RETURNS

what is ROI?

how many of you know how to track ROI?

OVERCOMPLICATION

you must follow up on your side

of the trade

TRADE

now, let’s trade

Split into groups of three

From the next list of investments

develop a return plan.

Choose One:

Sending a VP to a conferenceBuying a new AIESEC Banner

Offering a discount on OGX Programs10’

PRESENT

IXP

We should never neglect an AIESECer the experience that we sell. In fact, it is the only

one that matters

Who should we send?

How should we invest?

This for That

IXP is more than just an experience that we promote. It is also a way to preemptively

achieve our goals

In 2014, an average LC

changed their goals 3 times

2012,000

2010,000

2012,000

2010,000

MONEY MAKES MONEY

Focus vs. Reality

Focused Based

What is the focus of your LC?

Reality Based

Medicine requires Diagnosis

Feedback vs Judgment

Group up with your LC

Skill & Will Analysis

Skill

WillLOW SKILL, HIGH WILL

HIGH SKILL,HIGH WILL

HIGH SKILL, LOW WILL

LOW SKILL, LOW WILL

DIAGNOSE: Where are your members?

CHALLENGING ENVIRONMENT (Event Planning, potentially remove, evaluate)

TRAINING (Send to

conferences, summits and work directly with

EB, foster pipeline)

INDUCTION (Get trainers in your

LC! If your LC doesn’t improve, it will never

grow)

NATIONAL INVOLVEMENT (Conferences,

Training, making the LC relevant)

Skill

Will

For our Member

BRING IN AN AIESEC COACH (Pragmatic,

Skilled)

BRING IN A TRAINER REGARDING EITHER AIESEC OR A SKILL

THAT YOUR LC LACKS

INVEST IN A COACH TO BUILD A

DEVELOPMENT TIMELINE

INTERNATIONAL PARTNERSHIPS AND NATIONAL PROJECT SPEAR HEADING LC

Skill

Will

For our LC

Taking it Back

how many of you feel like you are ready to say you have worked in finance?

POWERFUL CHOICES