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Finance Training 2.0
“Finance is the medicine of the organization.”
how many of you feel like you are ready to say you have worked in finance?
Finance Bottleneck
basic
Finance Bottleneck
UPGRADE
“Finance is the medicine of the organization.”
RISE
Join the crew:text
@aiesecusfinalertsto
23559
31,6712,4001,300
401
Financial Management Certification
4.3.19. Financial Management Certification, hereby referred to as FMC)4.3.19.1. Purpose: to ensure AIESEC US financial sustainability and
upkeep by tracking the financial activities of our entity4.3.19.2. Before submitting reimbursement request, all members of
AIESEC US must complete the FMC 4.3.19.3. The FMC status will only last until the last day of the fiscal
quarter, at the start of the new quarter members must then resubmit the FMC with updated information
4.3.19.4. The Finance Subcommittee may remove any individual on the FMC pool at any point with a unanimous vote of all the members of the Finance Subcommittee
4.3.19.4.1. Removed members will not be allowed to resubmit a FMC until the start of the next fiscal quarter
Timeline:Release – October 3rd, 2015Open Form - October, 2015
Change Date – October 26th, 2015
Goal : to keep finance within the group of people that are meant to actually oversee it
Goal : to make sure that we have a clear idea of exactly
which LC needs more education
ALL FOR ONE
Question 1:What coding would you use to reimburse someone from your entity for conference travel to a National Conference?
6304-02 Conference Travel National6140 Travel and Meals
6251 Strategic Fund
Question 2:What coding would you use to reimburse someone from your entity for Marketing Materials?
6251-04 Strategic Fund COMM62000-02 OGX Marketing
6162 LC Merchandise6128 Printing
Question 3:Who is your entity's account responsible? (Required for Reimbursements)
Local Committee PresidentVP Finance
VP Talent ManagementMCVP Finance
Are you allowed to submit reimbursement
requests 2 months after the day of
purchase?
Where can I find my LC’s current
balance?
CONGRATULATIONS
5 MINUTES
WELCOME BACK
RETURNS
what is ROI?
how many of you know how to track ROI?
OVERCOMPLICATION
you must follow up on your side
of the trade
TRADE
now, let’s trade
Split into groups of three
From the next list of investments
develop a return plan.
Choose One:
Sending a VP to a conferenceBuying a new AIESEC Banner
Offering a discount on OGX Programs10’
PRESENT
IXP
We should never neglect an AIESECer the experience that we sell. In fact, it is the only
one that matters
Who should we send?
How should we invest?
This for That
IXP is more than just an experience that we promote. It is also a way to preemptively
achieve our goals
In 2014, an average LC
changed their goals 3 times
2012,000
2010,000
2012,000
2010,000
MONEY MAKES MONEY
Focus vs. Reality
Focused Based
What is the focus of your LC?
Reality Based
Medicine requires Diagnosis
Feedback vs Judgment
Group up with your LC
Skill & Will Analysis
Skill
WillLOW SKILL, HIGH WILL
HIGH SKILL,HIGH WILL
HIGH SKILL, LOW WILL
LOW SKILL, LOW WILL
DIAGNOSE: Where are your members?
CHALLENGING ENVIRONMENT (Event Planning, potentially remove, evaluate)
TRAINING (Send to
conferences, summits and work directly with
EB, foster pipeline)
INDUCTION (Get trainers in your
LC! If your LC doesn’t improve, it will never
grow)
NATIONAL INVOLVEMENT (Conferences,
Training, making the LC relevant)
Skill
Will
For our Member
BRING IN AN AIESEC COACH (Pragmatic,
Skilled)
BRING IN A TRAINER REGARDING EITHER AIESEC OR A SKILL
THAT YOUR LC LACKS
INVEST IN A COACH TO BUILD A
DEVELOPMENT TIMELINE
INTERNATIONAL PARTNERSHIPS AND NATIONAL PROJECT SPEAR HEADING LC
Skill
Will
For our LC
Taking it Back
how many of you feel like you are ready to say you have worked in finance?
POWERFUL CHOICES