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FINANCIAL POLICY AND PROCEDURE MANUALPROPRIETARY INFORMATIONNational Children's Advocacy Center Financial Policy and Procedure Manual Page 1 of 55 June 10, 2015TABLE OF CONTENTS I. BUDGET .............................................................................................
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Begin by gathering all the necessary financial documents such as income statements, balance sheets, and cash flow statements.
02
Review the financial policy template provided by your organization and familiarize yourself with its structure and content.
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Start by filling out the basic information section, which typically includes the name of the organization, the effective date of the policy, and any relevant reference numbers.
04
Proceed to the objectives section and clearly define the goals and objectives of the financial policy. This may include aspects such as financial stability, risk management, and transparency.
05
Move on to the scope section and specify the areas or departments within the organization that the financial policy applies to. This may include finance, accounting, procurement, and budgeting.
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Next, outline the responsibilities and authorities of individuals or roles related to financial activities. This can include the roles of finance manager, CFO, and the finance committee.
07
Provide guidelines and procedures for different financial activities such as budgeting, financial reporting, and internal controls. Be sure to include any specific requirements or regulations that need to be adhered to.
08
Include any necessary forms, templates, or documents that need to be filled out as part of the financial policy.
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Review the completed financial policy form to ensure accuracy and consistency. Make any necessary revisions or edits.
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Obtain any required approvals or signatures before implementing the financial policy.
11
Communicate the financial policy to all relevant stakeholders within the organization.
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Regularly review and update the financial policy to ensure it remains relevant and aligned with the organization's objectives and external regulations.

Who needs financial policy and?

01
Financial policies are needed by organizations of all sizes and types.
02
Businesses, non-profit organizations, government agencies, and educational institutions all require financial policies.
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Financial policies help establish guidelines and procedures for managing and monitoring financial activities within an organization.
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They provide a framework for decision-making, ensure compliance with laws and regulations, and promote transparency and accountability.
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In addition, financial policies are important for securing funding, attracting investors, and maintaining the financial health and stability of an organization.
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Financial policy refers to a set of guidelines and rules that govern an organization's financial decisions and actions.
Any organization, whether a business or nonprofit, that wants to ensure transparency and accountability in its financial practices is required to file a financial policy.
To fill out a financial policy, organizations need to outline their financial goals, procedures for budgeting, spending, and reporting, as well as internal controls.
The purpose of financial policy is to establish guidelines for managing an organization's finances in a responsible and efficient manner.
Financial policy typically includes information on budgeting processes, financial reporting requirements, and internal controls to ensure financial integrity.
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