FA/Training

Finance Committee Orientation

25 June 2005 Training Shen Qiang (Session 1) - 3 hours

- Overview of the committee; its current members, our role within the PERC, interdependence with other Committees (e.g with Membership,..)

- Our main activities; what we do?

Tasks within the Committee:

1)Bookeeping(recording of income & expenses on a regular basis)   - nature & sources of our income     - common/recurrent expenses   > a look at the Cash receipts/Payments Journal.  The set-up of the journal, and how/where/what items are recorded therein. The 'Cheque Book' and a brief explanation about the bank 'Deposit Book'. 2)The closing  of the books process on a monthly basis > the process

3)Bank reconcilion statement - its purpose.  - The monthly (bank) Statement of account.                                - General overview of the items involved in the reconciliation process (Cash book v/s bank statement).

4)General Journal - reason for maintaining a Gen.Journal  - Most common entries found within. -- Session 2

Quickbooks Tutorial

The 'Cheque Book' and a brief explanation about the bank 'Deposit Book'.