Robust Financial Management System for Play Forever
Preferred learners
- Anywhere
- Academic experience or paid work
Categories
Skills
Project scope
- What is the main goal for this project?
-
The main goal of this project is to implement a robust financial management system for Play Forever, including financial controls, budgeting, and reporting processes, to ensure the organization's financial health and sustainability.
- What tasks will learners need to complete to achieve the project goal?
-
- Review and assess Play Forever's current financial management practices, identifying areas for improvement and potential risks.
- Develop and implement financial controls, policies, and procedures to safeguard the organization's assets, ensure compliance with applicable laws and regulations, and support effective decision-making.
- Establish a comprehensive budgeting process, including guidelines for budget development, monitoring, reporting, and periodic reviews to ensure alignment with strategic objectives.
- Create financial reporting templates and systems to track revenue, expenses, cash flow, and key financial indicators, providing regular updates to the board, staff, and other stakeholders.
- Train staff and board members on financial management best practices, including their roles and responsibilities in financial oversight and the use of financial reports for decision-making.
- Continuously monitor the organization's financial health, providing recommendations for improvements and adjustments as needed.
- What is the main goal for this project?
-
The main goal of this project is to implement a robust financial management system for Play Forever, including financial controls, budgeting, and reporting processes, to ensure the organization's financial health and sustainability.
- What tasks will learners need to complete to achieve the project goal?
-
- Review and assess Play Forever's current financial management practices, identifying areas for improvement and potential risks.
- Develop and implement financial controls, policies, and procedures to safeguard the organization's assets, ensure compliance with applicable laws and regulations, and support effective decision-making.
- Establish a comprehensive budgeting process, including guidelines for budget development, monitoring, reporting, and periodic reviews to ensure alignment with strategic objectives.
- Create financial reporting templates and systems to track revenue, expenses, cash flow, and key financial indicators, providing regular updates to the board, staff, and other stakeholders.
- Train staff and board members on financial management best practices, including their roles and responsibilities in financial oversight and the use of financial reports for decision-making.
- Continuously monitor the organization's financial health, providing recommendations for improvements and adjustments as needed.
About the company
- https://www.playforever.ca
- 11 - 50 employees
- Non-profit, philanthropic & civil society
Play Forever is a non-profit organization providing structured and accessible recreation, education & mental health services to the youth of Toronto, Ontario. Play Forever currently serves youth ages 6- 29 with weekly programs, primarily focused on helping youth from marginalized communities and low-income families.