Last month I was invited to provide training on finance to the leaders of St. James' Episcopal Church (Elmhurst, Queens) during the retreat. Given the tight schedule and limited time, I summarized my past experience from work and church service into a 2-page handout--Best Practices for Church Financial Controls. The goal is to build trust, which is crucial to churches and other nonprofits relying on contributions. These practices on cash disbursement, petty cash, offering, accounting, budget, and audit would cover most of the major aspects of church finance. At the end of the presentation, I highlighted 3 tools for safeguarding valuable assets: physical control, segregation of duty, and oversight. I believe St. James' leaders could build and enhance the church financial controls successfully by adopting these best practices and tools. The handout could be downloaded by the clicking the button below:
 


Comments

03/31/2014 6:13am

Clicked on link and got a 404 - File not found

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Adam Cheung
04/23/2014 8:13pm

The link has been fixed. Thank you.

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02/12/2016 8:18pm

I'm excited to discover this website. I need to to thank you for ones time for this particularly wonderful read!! I definitely loved every little bit of it and I have you book marked to look at new stuff in your blog.

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05/10/2016 5:07am

How one arrives at this number is a key to the tax liability.

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06/28/2016 4:52pm

One other thing I would like to state is that rather than trying to accommodate all your online degree programs on days of the week that you end work (since most people are worn out when they come home), try to find most of your classes on the saturdays and sundays and only a few courses in weekdays, even if it means a little time off your weekend. This pays off because on the saturdays and sundays, you will be much more rested along with concentrated in school work. Thanks a lot for the different points I have discovered from your site.

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08/15/2016 10:21pm

Lending money is one of the major activities of a Bank. It is important to secure the loan with proper security, as otherwise, the Bank may be in trouble.

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10/06/2016 12:59pm

It is important to build a trust between an employee and employer in financial sector. You just need to trust or you can be easily defeat.

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10/06/2016 1:01pm

Do you still provide a training materials? I want to know more!

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    Author

    Adam Cheung has over 17 years of auditing and accounting  experience with extensive background in the not-for-profit sector and New York State government entities. He is a CPA and holds an MBA from Baruch College. If you would like to reach him, send him an email to acheung@acaciaaccounting.com.

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