aiesec us roks 2015 | finance track 2.0
TRANSCRIPT
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Finance Training 2.0
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“Finance is the medicine of the organization.”
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how many of you feel like you are ready to say you have worked in finance?
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Finance Bottleneck
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basic
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Finance Bottleneck
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UPGRADE
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“Finance is the medicine of the organization.”
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RISE
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Join the crew:text
@aiesecusfinalertsto
23559
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31,6712,4001,300
401
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Financial Management Certification
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4.3.19. Financial Management Certification, hereby referred to as FMC)4.3.19.1. Purpose: to ensure AIESEC US financial sustainability and
upkeep by tracking the financial activities of our entity4.3.19.2. Before submitting reimbursement request, all members of
AIESEC US must complete the FMC 4.3.19.3. The FMC status will only last until the last day of the fiscal
quarter, at the start of the new quarter members must then resubmit the FMC with updated information
4.3.19.4. The Finance Subcommittee may remove any individual on the FMC pool at any point with a unanimous vote of all the members of the Finance Subcommittee
4.3.19.4.1. Removed members will not be allowed to resubmit a FMC until the start of the next fiscal quarter
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Timeline:Release – October 3rd, 2015Open Form - October, 2015
Change Date – October 26th, 2015
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Goal : to keep finance within the group of people that are meant to actually oversee it
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Goal : to make sure that we have a clear idea of exactly
which LC needs more education
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ALL FOR ONE
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Question 1:What coding would you use to reimburse someone from your entity for conference travel to a National Conference?
6304-02 Conference Travel National6140 Travel and Meals
6251 Strategic Fund
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Question 2:What coding would you use to reimburse someone from your entity for Marketing Materials?
6251-04 Strategic Fund COMM62000-02 OGX Marketing
6162 LC Merchandise6128 Printing
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Question 3:Who is your entity's account responsible? (Required for Reimbursements)
Local Committee PresidentVP Finance
VP Talent ManagementMCVP Finance
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Are you allowed to submit reimbursement
requests 2 months after the day of
purchase?
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Where can I find my LC’s current
balance?
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CONGRATULATIONS
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5 MINUTES
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WELCOME BACK
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RETURNS
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what is ROI?
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how many of you know how to track ROI?
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OVERCOMPLICATION
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you must follow up on your side
of the trade
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TRADE
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now, let’s trade
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Split into groups of three
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From the next list of investments
develop a return plan.
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Choose One:
Sending a VP to a conferenceBuying a new AIESEC Banner
Offering a discount on OGX Programs10’
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PRESENT
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IXP
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We should never neglect an AIESECer the experience that we sell. In fact, it is the only
one that matters
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Who should we send?
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How should we invest?
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This for That
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IXP is more than just an experience that we promote. It is also a way to preemptively
achieve our goals
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In 2014, an average LC
changed their goals 3 times
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2012,000
2010,000
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2012,000
2010,000
MONEY MAKES MONEY
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Focus vs. Reality
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Focused Based
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What is the focus of your LC?
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Reality Based
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Medicine requires Diagnosis
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Feedback vs Judgment
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Group up with your LC
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Skill & Will Analysis
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Skill
WillLOW SKILL, HIGH WILL
HIGH SKILL,HIGH WILL
HIGH SKILL, LOW WILL
LOW SKILL, LOW WILL
DIAGNOSE: Where are your members?
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CHALLENGING ENVIRONMENT (Event Planning, potentially remove, evaluate)
TRAINING (Send to
conferences, summits and work directly with
EB, foster pipeline)
INDUCTION (Get trainers in your
LC! If your LC doesn’t improve, it will never
grow)
NATIONAL INVOLVEMENT (Conferences,
Training, making the LC relevant)
Skill
Will
For our Member
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BRING IN AN AIESEC COACH (Pragmatic,
Skilled)
BRING IN A TRAINER REGARDING EITHER AIESEC OR A SKILL
THAT YOUR LC LACKS
INVEST IN A COACH TO BUILD A
DEVELOPMENT TIMELINE
INTERNATIONAL PARTNERSHIPS AND NATIONAL PROJECT SPEAR HEADING LC
Skill
Will
For our LC
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Taking it Back
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how many of you feel like you are ready to say you have worked in finance?
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POWERFUL CHOICES