Church Accounting Management And Control-Audit Perspective – Part 3

By Pastor J. A. Adeyokunnu APPOINTMENT OF PROVINCE INTERNAL AUDIT TEAM The Province Internal Audit Team can be appointed by the Provincial Pastor or his representative either by: I. Appointing all the members of the internal audit team and name one as team leader OR II. Appointing the team leader while he appoints his team […]

Church Accounting Management And Control-Audit Perspective – Part 2

By Pastor J. A. Adeyokunnu BANKING OTHER THINGS TO NOTE INTERNAL CONTROL SYSTEM All the necessary control should be put in place to ensure adequate security of cash, bank, stock, assets, books and records in the province. The controls can include: OTHER RECOMMENDATIONS REMARKS It is our opinion that if all the weaknesses mentioned above […]

Budget and Budgetary Control – Part 1 By Pastor J. A. Adeyokunnu

All churches need to manage their financial performance so that their visions and missions’ objectives are achieved. The Important Characteristic Of Budgetary Control Are: • Planning of activities of each church and preparing the budgets. • Communicating and agreeing to budgets with all concerned in the church. • Recording of actual performance having an accounting […]

Budget And Budgetary Control Part 1 By Pastor J. A. Adeyokunnu

According to George R. Terry, “Budget is an estimate of future needs, arranged to an orderly basis, covering some or all of the activities of an enterprise for a definite period of time”. In the words of Professor Larders, “the essence of a budget is a detailed plan of preparations for some specified future period, […]