These three key monetary choices present the basis for periodic financial analysis and interpretation of historic monetary practices. To prepare and lead church plants and existing churches in biblical financial stewardship by developing Kingdom oriented budgets, financial accountability, and monetary management & planning; all to be able to be the best stewards, with what God has given and blessed, so that church buildings will be completely equipped to fund and support Kingdom ministry.
The programme explores the complex challenges of monetary management decision-making processes and deals with issues akin to: budgeting; cash-circulation projections; value profit analysis; financial statements with respect to steadiness sheets; income and expenditure statements; property register; ratio evaluation; enterprise funding; financing choices; current asset management; dividend and dividend coverage.
An group’s accounting programs are effected by the scale of the group (a small organization like a departmental retailer would have a simple accounting system while an industrial unit would have a way more complex accounting system), kind of the group (a not-for-revenue group can be more concerned with monitoring expenditure in opposition to targeted performance whereas a profit-making manufacturing concern would want to account for sales, models, revenue and so on.
However, in reality, management entails solely the administration such as the Chairman, the General Manager, the Chief Executive, and the Board of Directors and so on. In other phrases, it means the people who are involved in making major selections get to enjoy their authoritative roles to utilize all their assets so as to achieve the goals of the organization and also put it to use responsibly and efficiently.