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:


04/02/2017 9:33pm

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04/11/2017 8:28am

Everybody, no matter what their current financial circumstances, can achieve the rarefied reality of financial freedom. This article details what it takes to reach the first 3 destinations on the road to financial freedom. So, listen up, as what you are about to read would probably cost you a few hundred dollars if you went to a financial advisor to help work this out. Hopefully, this article will have saved you a trip and a few hundred dollars!

04/19/2017 2:28pm

We are accustomed to our banks being state of the art here in America, and we attach a certain level of expectation for the way our banks communicate with us and do business. They utilize state of the art security, computers, and even account creation systems. It only stands to reason that a bank would feature some of the most advanced signage systems that are being seen on the market today.

04/21/2017 11:43pm

Payday Loans Online are fiscal solutions that bridge the financial gap between two consecutive paydays. Payday Loans Online work as a source of fast cash for short term financial emergencies that could arise at the end of the month when we have a minimal bank balance for assistance. On the upside,

04/23/2017 4:56am

Aside from large fees and a fancy office credit repair companies do nothing that the average consumer could not do from the privacy of their own living room. Unless you want to spend thousands of dollars you should do the repairing yourself.

04/25/2017 5:26am

Equity finance means the owner, own funds and finance. Usually small scale business such as partnerships and sole proprietorships are operated by their owner trough their own finance. Joint stock companies operate on the basis of equity shares, but their management is different from share holders and investors.

04/26/2017 5:46am

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04/28/2017 1:16pm

In these troubled economic times, the question is whether any bank or financial institution is making loans to small businesses. This article, in four parts, will discuss what loans are available.


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    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


    February 2014