Financial Management at McGill

Managing or participating in the management of funds is a critical and challenging role. Once basic financial accounting concepts are acquired and learned, on-going learning is required to better manage funds at McGill.

This workshop, designed for administrative personnel with a financial role, provides insight into what it means to be an effective financial manager of funds.

Topics covered:

• Introduction of finance concepts specifically related to financial management,
• The different ways spending power is acquired,
• Give insight on how to effectively manage the spending of funds,
• Provide the tools required to manage, control and report on financial information,
• Increase skills and comfort level with financial management policies and procedures.

By the end of the course, participants will be able to...

• Understand the difference between the different fund types,
• Navigate through the different FOAPAL hierarchies,
• Apply the concept and calculation of spending power to different budgeting scenarios and fund types,
• Comprehend the notion of budget carry forwards,
• Compare the different sources of spending,
• Understand how finance security is established,
• Use the appropriate tools available to control and report on financial information.