The document contains the agenda for a two-day Ubuntu finance training session. On the first day, the agenda covers topics such as setting expectations, the role and importance of finance, finance tools and templates, budgeting strategies and toolkits, cashbooks, and financial processes. The second day focuses on final strategy, planning, and closing. Other sections provide financial data on MC-LC accounts from 2013-2014 and career fair revenue trends from 2009-2015 that led to an 80k loss in 2011-2012.
5. 2009-2010:
Career Fairs
2010-2011:
AT5 Visa sales
begin; career
fairs stop
making surplus
2011-2012:
80K Loss
because no
career fairs,
visa sales no
longer
outsourced
2012-2013:
double
exchange, LCs
make 57% of
national
budget (v.
35%)
2013-2014:
first year for
Fin in LCs,
dropped in
OGX but higher
in LC ICX,
higher national
rev.
2014-2015:
us
22. From AIESEC UK 2015
Our financial and internal governance structure
drives pioneering change, organizational performance,
and rapid, sustainable growth, making AIESEC UK a key
contributor to the global plenary.
Editor's Notes
UBUNTU means I am because you are. If we as a function take this attitude and focus our efforts on not only our LCs, but also the success of others, we can create a more sustainable function and more sustainable AIESEC UK.
Recent History of finance in AIESEC UK
Income Analysis, AIESEC UK, 1993-2013
Major take away huge increase in LC generated revenue means that AIESEC UKs revenue streams are more complex and harder to track
Income Analysis, AIESEC UK, 1993-2013
Points to note: AIESEC UK LCs either do really well or are very in debt large variances from LC to LC, which indicates overall instability across AIESEC UK
Why were VPFs introduced?
Journal Sticky notes
Controlling the Mayhem through tracking, keeping budgets, and being able to anticipate income and expenses, therefore track the return on investment
Discuss in pairs sticky notes
F drives exchange through investing, through financial sustainability, through motivation (transparency) (subsidizing conferences) (rewards and recognition), through tracking return on investments and finding smarter ways to invest
Discuss as a group sticky notes
Financial sustainability is necessary for an organization to thrive, managing the money that we can then re-invest into the organization
What role Finance plays in the AIESECers life outside of AIESEC
Delegates consider what they want to be after college
Delegates write notes to each other on how AIESEC as an organization will help them achieve those goals
Delegates write notes to each other on how they believe finance will contribute to reaching those goals
Recap
You and AIESEC your contribution
Finances contribution to the EB: Desired results:
Transparency / Training on how to manage a budget
Consulting for each function on how to invest more wisely
Updates on the reality of the LC
Incentives offering rewards and recognition for VPs
Finances contributions to the LC: Delegates Results:
Sustainability
Developing other members
budgeting
money
transparency
Finance is SEXY!
Accuracy
being clad with communication
Strategy
up to date finances
evaluation of activities
sponsorship
Support
Finances Role in AIESEC UK: Delegates Results:
2015 & AIESEC UK 2015
share experiences on how to find sponsorship
Stabilizing the finances of the UK
Share expertise in cash-flow and controlling expenses
GCP Sharing
on the ground management of revenues
transparency