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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
AIESEC United States Inc.
Financial Management Training
Day 2
Session 1
SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
Currently AIESEC US Reimbursement Space
is overly free flowing
SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
People are submitting reimbursements
without actually understanding what to do.
SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
To alleviate this and to foster a culture of
financial understanding we are officially
launching..
SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
Financial
Management
Certification!!
SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
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 entity
4.3.19.2. 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
SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
Walk Through…
#PODIO
SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
Another issue I see with AIESEC is
Wave Accounting
Why do we use Wave?
Why is it important?
Why is it hard?
SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
Under the standards of business,
we should be utilizing tools other
than Excel/Spreadsheet to do
accounting
SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
However, Wave sucks.
SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
It has become a bottleneck where
it should really be a force of
providing financial sustainability

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SNC 2015 | Finance 2.1

  • 1. SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA AIESEC United States Inc. Financial Management Training Day 2 Session 1
  • 2. SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA Currently AIESEC US Reimbursement Space is overly free flowing
  • 3. SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA People are submitting reimbursements without actually understanding what to do.
  • 4. SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA To alleviate this and to foster a culture of financial understanding we are officially launching..
  • 5. SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA Financial Management Certification!!
  • 6. SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA 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 entity 4.3.19.2. 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
  • 7. SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA Walk Through… #PODIO
  • 8. SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA Another issue I see with AIESEC is Wave Accounting Why do we use Wave? Why is it important? Why is it hard?
  • 9. SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA Under the standards of business, we should be utilizing tools other than Excel/Spreadsheet to do accounting
  • 10. SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA However, Wave sucks.
  • 11. SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA It has become a bottleneck where it should really be a force of providing financial sustainability