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3. Transparency (Transparency)
Organizations must be open regarding the work, providing information relating to
the plans and activities to stakeholders. Including, preparing financial statements
are accurate, complete and timely and can be easily accessed by stakeholders and
beneficiaries. If the organization is not transparent, it indicates there is something
to hide.
4. Survival (Viability)
To be awake financial, organizational spending at strategic and operational levels
should be in line / adjusted to the funds received. Survival (viability) is a measure of
the level of security and financial sustainability of the organization. Manager
organizations should prepare a financial plan that shows how organizations can
implement the plan stratejiknya and meet their financial needs.
5. Integrity (Integrity)
In carrying out its operations, the individuals involved must have good integrity.
Additionally, reports and financial records must also be kept integrity through the
completeness and accuracy of financial records
6. Management (Stewardship)
Organizations must be able to manage properly the funds that have been obtained
and ensures that the funds are used to achieve the goals set. In practice,
organizations can perform with good financial management through: careful
strategic planning, identification of financial risks and make the control system and
the financial system in accordance with the organization.
7. Accounting Standards (Accounting Standards)
And financial accounting systems used by an organization must be in accordance
with the principles and generally accepted accounting standards. This means that
any accountant in the world can understand the system used by organizations