際際滷

際際滷Share a Scribd company logo
The History and Why of Finance in AIESEC UK
UBUNTU
Time Session
12:00-12:30 G2K and Expectation Setting
12:30-1:00 The WHY of Finance
1:00-1:15 The Leadership of Finance
1:15-1:30 Finance and AIESEC
1:30-2:30 LUNCH
2:30-3:15 Finance Synergy (OGX and ICX)
3:15-3:25 Break/Buffer
3:25-4:35 Finance Tools  Templates, Invoicing, and
Statements
4:35-4:45 Break / Buffer
4:45-5:05 MC-LC Accounts
5:05-5:45 Financial Processes  Reconciliation
5:45-6:00 Refunding Processes
Agenda
Time Session
6:30-6:45 Budgeting Strategy
6:45-7:05 Budgeting Toolkit
7:05-7:35 LC Budgets
7:35-8:15 Cashbooks
8:15-8:30 Financial Processes  Monthly Submission
Friday
1:30-1:50 Final Strategy
1:50-2:45 Planning
2:45-3:00 Closing
Agenda
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
The History and Why of Finance in AIESEC UK
The History and Why of Finance in AIESEC UK
-10000
-5000
0
5000
10000
15000
20000
MC-LC accounts as of Q3, 13.14
Introduction of VPFs
How do VPFs control the
mayhem of exchange-
and LC-based revenue?
What skills are required
to do this job?
How do VPFs drive
exchange within the
organization?
What skills are required
to do this job?
How do VPFs drive the
organization as a whole
forward?
What skills are required
to do this job?
The History and Why of Finance in AIESEC UK
What do you want to be
when you grow up?
How does AIESEC play
into that? (5 min)
How does finance play
into that? (5 min)
You get out
what you put in,
so put in enough effort to
make it worth it.
The History and Why of Finance in AIESEC UK
EB
LC
UK
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.

More Related Content

The History and Why of Finance in AIESEC UK

  • 3. Time Session 12:00-12:30 G2K and Expectation Setting 12:30-1:00 The WHY of Finance 1:00-1:15 The Leadership of Finance 1:15-1:30 Finance and AIESEC 1:30-2:30 LUNCH 2:30-3:15 Finance Synergy (OGX and ICX) 3:15-3:25 Break/Buffer 3:25-4:35 Finance Tools Templates, Invoicing, and Statements 4:35-4:45 Break / Buffer 4:45-5:05 MC-LC Accounts 5:05-5:45 Financial Processes Reconciliation 5:45-6:00 Refunding Processes Agenda
  • 4. Time Session 6:30-6:45 Budgeting Strategy 6:45-7:05 Budgeting Toolkit 7:05-7:35 LC Budgets 7:35-8:15 Cashbooks 8:15-8:30 Financial Processes Monthly Submission Friday 1:30-1:50 Final Strategy 1:50-2:45 Planning 2:45-3:00 Closing Agenda
  • 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
  • 10. How do VPFs control the mayhem of exchange- and LC-based revenue? What skills are required to do this job?
  • 11. How do VPFs drive exchange within the organization? What skills are required to do this job?
  • 12. How do VPFs drive the organization as a whole forward? What skills are required to do this job?
  • 14. What do you want to be when you grow up?
  • 15. How does AIESEC play into that? (5 min)
  • 16. How does finance play into that? (5 min)
  • 17. You get out what you put in, so put in enough effort to make it worth it.
  • 19. EB
  • 20. LC
  • 21. UK
  • 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

  1. 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.
  2. Recent History of finance in AIESEC UK
  3. 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
  4. Income Analysis, AIESEC UK, 1993-2013
  5. 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
  6. Why were VPFs introduced?
  7. Journal Sticky notes Controlling the Mayhem through tracking, keeping budgets, and being able to anticipate income and expenses, therefore track the return on investment
  8. 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
  9. 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
  10. What role Finance plays in the AIESECers life outside of AIESEC
  11. Delegates consider what they want to be after college
  12. Delegates write notes to each other on how AIESEC as an organization will help them achieve those goals
  13. Delegates write notes to each other on how they believe finance will contribute to reaching those goals
  14. Recap
  15. You and AIESEC your contribution
  16. 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
  17. 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
  18. 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