ACCOUNTING AND FINANCIAL MANAGEMENT: Managing finances for growth
Financial management involves all the activities that enable a company to obtain capital for growth, allocate resources efficiently, maximize the income potential of the business activity and monitor results through accounting documents. ACCESS’s approach to strengthening financial management involves a combination of understanding the institution’s financial system, financial performance analysis, financial projections, pricing, and asset and liability management and maintaining accounting system compliant with international standards and principles.
- Business accounting
- Financial ratio analysis
- Asset and liability management
- Financial planning
INNOVATIVE APPROACHES TO SUCCESS
The prerequisite for effectively managing finances for growth is a well-written, comprehensive financial management plan clearly outlining the assets, debts and the current and future profit potential of the business. ACCESS works with its partners to develop and implement financial plans that support their growth strategies.
RESULTS AND REFERENCES
- Upgrading Savings Clubs into a Cooperative in Lubang island, Occidental Mindoro: Rare.org, 2019-20.
- Training and coaching for making financial projections: Conducted under the “Improving Financial Inclusion and Social Impact toward Food Security in Southeast Asia” program, funded by the European Union and Agence Francaise de Developpement, 2010-13.
- Training on accounting and financial recordkeeping for microfinance: Médecins du Monde Nepal, 2009.