Accounting Procedures Manual for Football Association of Malawi
PREFACE
Introduction
This Accounting Procedures Manual has been prepared by Christopher Mdolo-ACCA(CPAM) for Football Association of Malawi. The manual provides comprehensive accounting policies, systems and procedures to ensure that FAM’s activities are implemented in a transparent and accountable manner using appropriate financial pathways. The Manual will ensure that there is consistency, transparency and accountability on the part of those involved in undertaking the Associations transactions.
Objective
The broad objective of this Manual is to document, in simplified terms, accounting policies, controls, systems and procedures. The manual also ensures that the activities of the Association are accounted for in a transparent and accountable manner.
Purpose of the Manual
This Manual serves the following purposes: ◆ assist accounting personnel of FAM to be fully conversant with the accounting procedures, policies and controls.; ◆ assist in the training of staff; ◆ for use by Staff as a reference guide; and ◆ ensure that there is continuity of approaches even if staff change.
Users of the Manual
The primary users of the Manual are Accounting personnel. The Manual will also be used by personnel from other departments within the Association.
The Director of Finance has the overall responsibility of ensuring that the accounting systems, procedures and controls set out in this Manual are applied consistently, efficiently and effectively.
Structure of the Manual
This Manual covers the following major areas: ◆ Accounting policies; ◆ Accounting procedures and controls; and ◆ Reporting requirements.
Revisions to the Manual
The Manual shall be revised regularly in accordance with changes and developments in the Association’s operations and financial procedures. All proposed changes must be submitted to the Executive for approval.
SECTION I
INTRODUCTION
CHAPTER 1
INTRODUCTION
Introduction
This Accounting Procedures Manual has been prepared by Christopher Mdolo-ACCA(CPAM) for Football Association of Malawi. The manual provides comprehensive accounting policies, systems and procedures to ensure that FAM’s activities are implemented in a transparent and accountable manner using appropriate financial pathways. The Manual will ensure that there is consistency, transparency and accountability on the part of those involved in undertaking the Associations transactions.
Objective
The broad objective of this Manual is to document, in simplified terms, accounting policies, controls, systems and procedures. The manual also ensures that the activities of the Association are accounted for in a transparent and accountable manner.
Purpose of the Manual
This Manual serves the following purposes: ◆ assist accounting personnel of FAM to be fully conversant with the accounting procedures, policies and controls.; ◆ assist in the training of staff; ◆ for use by Staff as a reference guide; and ◆ ensure that there is continuity of approaches even if staff change.
Users of the Manual
The primary users of the Manual are Accounting personnel. The Manual will also be used by personnel from other departments within the Association.
The Director of Finance has the overall responsibility of ensuring that the accounting systems, procedures and controls set out in this Manual are applied consistently, efficiently and effectively.
Structure of the Manual
This Manual covers the following major areas: ◆ Accounting policies; ◆ Accounting procedures and controls; and ◆ Reporting requirements.
Revisions to the Manual
The Manual shall be revised regularly in accordance with changes and developments in the Association’s operations and financial procedures. All proposed changes must be submitted to the Executive for approval.
SECTION I
INTRODUCTION
CHAPTER 1
INTRODUCTION