Page 17 - OSEP Management Module 4_Neat

Activity 4.10

• Which financial report shows if funds, as recorded by the club/federation,
match the records of the bank?

• Which financial report examines the current financial activities of your club/
federation at this point in time?

Financial software packages
All accounting software packages have the reports just listed in their systems. In
fact, often multiple choices exist in some areas of financial reporting. Therefore,
committee members need to be satisfied that the report they are receiving is the
best 1 for their club/federation. Try to use a simple system.

Activity 4.11

• Which accounting software package does your club/federation use?

• Is it effective and simple to use?

Activity 4.12

Which of the following financial reports are tabled at the monthly meetings of your
club/federation:
• bank reconciliation
• monthly profit and loss statement (or extract of the cash book, receipts and
payments)
• progressive profit and loss statement for the year to date?

OSEP MANAGEMENT IN SPORTING ORGANISATIONS TRAINING PROGRAM — LEARNER’S GUIDE OSEP MANAGEMENT IN SPORTING ORGANISATIONS TRAINING PROGRAM — LEARNER’S GUIDE 0