SNC 2015 | Finance 2.1

SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA

AIESEC United States Inc.Financial Management Training

Day 2Session 1


Currently AIESEC US Reimbursement Space is overly free flowing


People are submitting reimbursements without actually understanding what to do.


To alleviate this and to foster a culture of financial understanding we are officially launching..


Financial Management Certification!!


4.3.19. Financial Management Certification, hereby referred to as FMC4.3.19.1. 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 information4.3.19.4. 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


Walk Through…

#PODIO


Another issue I see with AIESEC is Wave Accounting

Why do we use Wave?Why is it important?Why is it hard?


Under the standards of business, we should be utilizing tools other than Excel/Spreadsheet to do accounting


However, Wave sucks.


It has become a bottleneck where it should really be a force of providing financial sustainability

Education

SNC 2015 | Finance 2.1