Financial Procedures Manual – جمعية نحا الزراعية

Ar

Financial Procedures Manual

Budget and Financial Approval Procedures:

The annual budget is prepared based on the financial needs of the association and the strategic objectives. The budget is submitted for approval by the Board of Directors after being reviewed by the Financial Manager and the relevant team. The implementation of the budget must be monitored periodically, and any deviations between the planned and actual amounts must be analyzed, with periodic reports submitted to the Board of Directors.

Financial Procedures Manual

Financial Transactions and Audit Procedures:

All financial transactions are accurately recorded in the approved accounting system, including revenues, expenses, and expenditures.
Periodic internal audits must be conducted to verify the accuracy of accounts and compliance with financial policies, while adhering to international and local accounting standards.
Financial reports are submitted regularly to senior management and the Board of Directors to ensure transparency and accountability.

Financial Procedures Manual

Payment and Collection Procedures:

Payments are made according to the approved budget and upon receipt of supported invoices. Documents related to payments must be verified before approval.
Collections are carried out regularly from the due parties according to approved contracts, with follow-up of collection schedules to ensure financial liquidity in the association.

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