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ABOUT

MESSAGE FROM VPF :

AIESEC in Mumbai is Mumbai's chapter of the world’s largest student-run organization. We are focused on providing a platform for youth leadership development. AIESEC offers young people the opportunity to be global citizens, to change the world, and to get the experience and skills that matter today.

The vision of Finance Department for the year 2015 is - for AIESEC in Mumbai to be an entity where every program has holistic growth by being self sustainable & every member contributes to this growth, firm & legally. 

The Piggy Bankers have set out to ensure there is complete legality & finance education in the LC, so that every member understands the importance of finance in the simplest form. We've tried our best to give external examples, make it interactive and at the same time, easy to understand. We hope you have a good time reading through the material on this site and comprehend finance in the easiest way. Always remember, spread the knowledge :)

Happy Reading! 

 

WHAT WE DO

FINANCE EDUCATION

LEGALITY

RECEIVABLE MANAGEMENT

BOOK KEEPING & AUDITING

We run a series of Finance Education webinars for members of AIESEC in Mumbai. Topics covered till date : 

  1. Legality & legal boards of AIESEC

  2. Financial Policies of AIESEC in Mumbai 

  3. Receivable & Debtor Management 

  4. Budgeting 

  5. Recon 

  6. Pricing Structure

  7. XPP 

  8. Cash Flow Management 

  9. Standards & Satisfaction 

  10. Investments, ROI & Expenses 

  11. Compendium 

  12. Role of Finance in every department 

  13. BD - F Importance & Synergy 

  14. Auditing 

  15. Reserve Restructure

 

Every Friday, we have contract collection so that physical copies of contracts, IJQs, ANs, ILs, etc. are filed department wise and kept at AIESEC in Mumbai's office. 

Monthly sales report, quarterly finance reports are sent to departments. Everyday tracking of cash flows and receivables is done and reminders are sent to clients/EPs who delay beyond deadline mentioned as per invoice.

Physical copies of invoices, receipts, bills & payment vouchers is maintained by VPF. These books are prepared by department TLs and audited by the CFO Task Force (Piggy Bankers). For every transaction, there should be an invoice & receipt, and the same should be uploaded on your department Finance & Legal folders. 

INTERNAL AUDIT BOARD

Darshan Jain

Internal Auditor

OGX

Mihir Mehta

Internal Auditor

Global Citizen - Organizations

 

 

Bhavya Pahwa

Internal Auditor 

Global Talent - Organizations

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