A financial policy is a policy that is put in place to regulate and supervise the financial and payment systems of an organization. This also includes the markets and institutions of the organization. The financial policy and procedure of the organization help to promote financial stability. Charity Financial Policies and Procedures Templates help to make these policies.
4 Types of Financial Policies
There are four general types of financial policies that an organization can make use of. Depending on the various elements such as the available resources, current situations, and the needs of the organization, the organization can choose a financial policy. If needed, the organization can also make use of more than one financial policy:
1: Conservative Policy
The conservative policy is implemented in an organization when the organization is not being able to match its assets with its liabilities. According to this policy, the organization makes use of its long-term financial resources to buy assets instead of using short-term resources. These assets that are bought are generally permanent and current.
2: Aggressive Policy
The aggressive policy is the policy that works in the exact opposite way of the conservative policy. According to this policy, the organization will make more use of its short-term finances than its long-term finances. This policy is much riskier than the conservative policy because the company is continuously buying temporary assets. The policy can also work by the company paying for the current assets using short-term finances.
3: Hedging Policy
This policy includes offsetting the financing of an asset with a liability maturing on the asset’s anticipated life. For example, say the organization wants to extend its premises by purchasing land that has the expiry date of twenty years. This asset can be financed with the help of a twenty-year loan. In this way, both elements will mature at the same time.
4: Highly Aggressive Policy
A highly aggressive financing policy is something that organizations resort to when the organization is close to its closure. According to this policy, the major portion of the permanent asset is financed using long-term sources and a minor portion is financed using short-term sources. Generally, organizations do not opt for this financial policy as this is very risky and should not be used unless it is an emergency.
10+ Charity Financial Policies and Procedures Templates in DOC | PDF
1. Charity Financial Policies and Procedures Template
It is imperative to have a financial policy and procedure in place no matter what kind of organization you are running. If you want to make this policy for your charity, then you need to make use of this procedure template. This template has been created especially to help you make the financial policy and procedure for your charity.
2. Charity Financial Policies and Procedures
Financial policy and procedure help to determine the available financial resources of the organization and how to make the best use of them for the most effective results. You can make this policy for your charity easily if you just make use of this policy and procedure template. You can download this template in PDF format.
3. Schools Charity Financial Policies and Procedures
Are you looking for a tool to help you make the financial policy and procedure for your school charity? Then you need to stop looking right now as you are already in the right place! We are offering you this Schools Charity Financial Policies and Procedures template to help you exactly with this task.
4. Charitable Associations Financial Policies and Procedures
No matter what kind of charity organization you are running, you need to know how to make the financial policy and procedure. In the case that you don’t but have been tasked to make it anyway, don’t worry. We are here to help you with this task. All you have to do is download this policy and procedure template and you’re good to go.
5. Charity Financial Policies and Procedures in DOC
Wondering why you need to make the financial policy and procedure for your charity? The answer is because without this policy you won’t be able to determine how you should manage your financial resources. And this is exactly why we are offering you this policy template. With this template, you can make this policy for your charity efficiently.
6. Small Charity’s Financial Controls Policy Example
Are you a rookie at making the financial policy and procedure for your charity? Then we would suggest that you take a look at this policy example template that we are providing before you can start work on yours. This template provides an example of a similar financial policy and procedure that you can use as a reference guide to making any type of policy.
7. Financial Controls Policy & Procedures Template
Imagine: your organization is halfway through the fiscal year and you do not have any more long-term financial resources available. Looking for a solution to avoid this nightmarish situation? The answer is simple: make the financial policy and procedure. And this Financial Controls Policy & Procedures Template has been provided to help you with this task.
8. Model Charity Financial Policy and Procedures
It is very important to know how to make financial policies and procedures. However, we understand that not everyone is adept at making this. But there is no need to worry. You just have to download this model policy and procedure template that has been provided to assist you in making this policy for your charity.
9. Small Charity Financial Controls Policy Template
No matter the fact that your charity is small or big, there will always be a limited amount of resources available. This includes financial resources too. Financial policy and procedure help to make the most use of the available resources. If you want to make this policy for your charity, then you just need to download this policy template in PDF format.
10. Financial Policies and Procedures of Charity
It is not easy to make the financial policy and procedure for a charity. However, the task is mandatory. So what if we say that we can make the work much easier for you? Yes, you heard that right! With this Financial Policies and Procedures of Charity template, you will be able to make this policy in pdf for your charity like a pro in no time.
11. Charity Financial Policies and Procedures in PDF
With this Charity Financial Policies and Procedures in PDF, you can get access to a file containing a sample financial policies and procedures that can be used as a guide. The template comes with suggestive and original content and headings that have been written by professional writers. The template is very simple and easy to use. You can also use this template to make a marketing policy.