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.
- 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.