SOP:Treasury Function

In a medium to large organization,we normally would have a treasurer who reports to the Head of Finance or CFO

 

Hence,for uniformity and consistency purposes,it is important to establish a simple statement of policy on Treasury function.

 

The policy should basically encompass the following areas:

Banking Petty Cash Wire Transfer [...]

June 29th,2006 | Tags:function,operating,procedure,SOP,standard,Standard Operating Procedures,treasury | Category:SOP,TREASURY articles | Leave a comment

SOP On Record Retention

It’s important to have a Statement of Policy on Record Retention.

This is particularly so where you have a number of subsidiaries in different countries where they need to comply with various local regulation like the Inland Revenue. By having a clear-cut policy and procedure,you can demonstrate to outsiders that from the Head Office’s [...]

April 25th,2006 | Tags:operating,procedure,record,retention,SOP,standard,Standard Operating Procedures | Category:SOP | Leave a comment

SOP:Conducting Physical Stock-count

For many financial executives,inventory will take a major chunk of your company’s current asset. It’s therefore important that you should set up a clear policy and procedure for the conduct of the physical stock-count. Broadly speaking,the policy and procedure of physical stock-count should consider the following areas:

a. [...]

April 14th,2006 | Tags:after,before,count,during,instruction,manual,operating,physical,procedural,SOP,standard,Standard Operating Procedures,stock | Category:Financial Operations,SOP | Leave a comment

SOP:Conflicts of Interest

It is very important to respect the rights of the employees to privacy in their personal activities and affairs. However,management needs to make known that the employees’ transactions and relationships with outside parties must be conducted at all times on a highly ethical basis and at arm’s length.

In conducting those relationships [...]

April 10th,2006 | Tags:companies,conflicts,employees,of.interest,operating,procedure,SOP,standard,Standard Operating Procedures,statement | Category:Financial Operations,SOP | Leave a comment