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PA 600 Key Financial Policies Week 4 Discussions 1
What are some key financial policies that your organization does (or should) have in place? Why are they important?  As you realize, you will be developing financials for your P-Plan, so it is imperative that you understand these principals this week.   A good idea is great; a good cause is wonderful; but in order to fulfill any ideas of philanthropy you may have you need to have a sound financial model. Financial policies are part of your P-Plan, and when you develop these, you will show your stakeholders your success and failures financially.   As such, you will need to be accountable;  accountability has become a hot topic in the public sector. One reason is due to the tremendous growth of the sector.