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PwC Financial Sustainability Award 2013 booklet

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  • 1. www.pwc.com The PwC Financial Sustainability Awards 2013Rewarding thecollaboration,improvement andbest practices foran excellentfinancialmanagement.
  • 2. PwC Financial SustainabilityPartnershipAboutThe PwC Financial Sustainability Award ispart of the Financial SustainabilityPartnership which is developed by PwC andAIESEC International to support theprogress and continuity of AIESEC in ourcommunity.This collaboration aims to build adevelopment channel for AIESECCountries in the areas of organisational andfinancial sustainability.We are excited to launch the PwCFinancial Sustainability Award 2013application.The PwC Financial Sustainability Awards 2013 February 2013PwC 2
  • 3. The PwC Financial Sustainability AwardThrough this award, we encourage all countries in the AIESEC global network tocollaborate, improve and strive for excellent financial management.Apart from global recognition and appreciation for the good case practices showcased, theawards will include a financial component and will be provided to the applicant withthe higher rank in his regional network, as a symbolic support for the sustainablefinancial policies. Awards. We are looking to receive Award Ceremonies will be organised applications from all AIESEC countries and together with AIESEC International during 5 award one per region (WENA, CEE, 2 the PwC Launch at the EuroXpro 2013 in Iberoamerica, Asia Pacific and Africa & Turkey and ILC 2013 in Panama. Middle East) The criteria for selecting the winners is based on the applicants’ country performance in the following areas: •Financial planning, forecasting and reporting •Solvability and liquidity •Sources of funding •Governance over the finance function •Legal compliance •Transparency •AccountabilityThe PwC Financial Sustainability Awards 2013 February 2013PwC 3
  • 4. How we evaluate the applicationsWe will evaluate the applications based on the criteria mentioned:• Profit & Loss report (June 2012 – present) Financial planning, forecasting and• Forecast and realized Cash Flow 1 reporting (June 2012 – present)• frequency of updating them• Cash flow forecast (June 2012 – present) Solvability and Liquidity• Current financial reserves 2• Profit & Loss report (June 2012 – present) – income accounts• Revenue analysis and report* Sources of funding 3 (June 2012 – present)PwC Financial Sustainability Awards 2012 February 2013PwC 4
  • 5. How we evaluate the applications• Last 2 Audit reports• Excerpt from your compendium that states your legal status and an excerpt 4 Legal Compliance from the local legislation concerning not for profit organisations• The last 2 Financial reports sent to the Board• The last 2 Financial reports 5 Transparency and sent to the LCs (including accountability communication channels)• Excerpt from your compendium underlining your 6 Governance over the finance reporting structure function*please include the revenue versus cost analysis and a graph which represents what are your revenues comprised of.PwC Financial Sustainability Award 2012 February 2013PwC 5
  • 6. Application procedure Prepare your application package in ONE ZIP file comprising the following: • Letter of intent from the MCP highlighting the following: ◦ Why are you applying for this award? Why your country deserves this award? ◦ How do you believe your organisation evolved in the last period towards a more sustainable organisation? ◦ Why is your country financially sustainable, please link your arguments to the financial figures attached. ◦ Mention an overview and explanation of the other documents attached. ◦ Other relevant information we can consider in the evaluation process • Cash flow forecast and realized FY 2013 (June 2012 –present) • Last 2 Audit reports • FY 2013 overall budget (June 2012 –present) • Last 2 financial reports to board • Revenue analysis and report, June 2012 –present) • An excerpt from your compendium that states your legal status and an excerpt from the local legislation concerning not for profit organisations • The last 2 Financial reports sent to the LCs (including communication channels) • Excerpt from your compendium underlining your reporting structureThe PwC Financial Sustainability Awards 2013 February 2013PwC 6
  • 7. Note The ‘Letter of intent’ is the document to showcase your countrys strengths, developments and provide the details you consider are relevant for the judges to know. Feel free to add tables, graphics or charts to explain the reasons why your country deserves to be awarded. • Maximum length: 5 pages.The PwC Financial Sustainability Awards 2013 February 2013PwC 7
  • 8. DeadlineSend your application named "Country Name_PwC Financial sustainabilityAward 2013 Application" to melissa.soto@pwc.be and mariar@ai.aiesec.orgDeadline to submit applications: March 27th, 2013, 23:59 GMT;Your application will be validated as long as all documents requested aresubmitted till the deadline.EvaluationThe applications will be evaluated by PwCteams from different countries in which arecomprised of former members of AIESEC.All applicants will receive our feedback ontheir applications upon request.PwC Financial Sustainability Award 2012PwC 8
  • 9. Contact usMelissa Soto Winners fromAIESEC Global Coordinator at PwCEmail: melissa.soto@pwc.be FY2012! AIESEC in Indonesia AIESEC inMaria Mercedes Rodriguez BrazilGlobal Vice-president of Business AIESEC inDevelopment GermanyAIESEC Internationalemail: mariar@ai.aiesec.orgPwC Financial Sustainability Award 2012PwC 9
  • 10. Looking forward to receiving yourapplications!© 2013 PricewaterhouseCoopers. All rights reserved. “PricewaterhouseCoopers”refers to the network of member firms of PricewaterhouseCoopers InternationalLimited, each of which is a separate and independent legal entity.PwC 10