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                              TO:  Interested Ministries                                                                       FROM: Jim Bramer, Retired Auditor CPA
                                                                                                                                                    FILE:  0031-77/all

                               RE:  Accounting System Essentials                                                   ORIGINATED:  October 2000                   

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    When you retire you should clean out the old files ..... throw things away, right !!  Well,  in this process I came across some 'stuff'  that was shared in our November 1977 client bulletin.  It seems that these questions are just as relevant today......                                  

                            ACCOUNTING  SYSTEM   ESSENTIALS:

    If you have Ministry Finance responsibilities, grade yourself via the following:

			Strong	OK	Weak
1	Does our Accounting System provide timely information
	so decisions can be made?		____	____	____
2	Does it give readers adequate and timely '"where are
	we"   and "where have we been"  Info		____	____	____
3	Does it show trends or provide a means for comparison of
	where we are in relation to where we should be?		____	____	____
4	Can the system be managed by the applicable staffer?		____	____	____
5	Does it provide a means of financial internal control
	over recorded assets?		____	____	____
6	Does it enhance accountability of all financial
	resources and obligations?		____	____	____
7	Does it satisfy necessary record keeping for taxing
	authorities and internal and external auditing?		____	____	____
8	Does it show where assets came from and where they
	went for a "Period of Time?"		____	____	____
9	Especially in relationship to what was authorized (Budget)?		____	____	____
10	Does it reflect the status of Assets, liabilities and
	Fund (SPFund) Balances at a certain "Point in Time?"		____	____	____
11	For Ministries,  does it clearly show you the status of
	both Restricted and Unrestricted Fund Balances at
	a certain "Point in Time?"		____	____	____
12	Does it bespeak a financial message; does it articulate
	Ministry Finances to those who should know?		____	____	____

   If you agree that matters above are "Weak",  you should make the necessary corrections.

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      This Publication was rejuvenated in October 2000  and was further  UPTD: January 03, 2010

  HOME  |  ABOUT  US   |    OUR PURPOSE   |   TABLE OF CONTENTS   |  COMPUTER FUND ACCTG  |  HELPS  |  GLOSSARY

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        (1) An Online Document, or  WRIT (Writing), may be applicable to all Ministries, or it may be designed for just groups like: Evangelical Church, School, Missionary Agency or Organization, Christian Camp / Conference, or other named group.
        (2) WRIT formats include the perspective of  Jim@bcidot.org  via IOMs (Inter-Office Memos) to the Ministry Finance Team (MFTeam); THRDs, a hypothetical Online conversation with members of the MFTeam; GLEANINGS, or Scripture within context of the MFTeam; FWIW; A periodic editorial (For What it is Worth); TRUISM, or believed Ministry Finance principles; and via FAQ, response to Frequently Asked Questions

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