I love Fiji, and one of my pleasures while on the island, is to read their local paper, which is frank to the extreme. Here is a link to a gem of an article;
http://www.fijitimes.com/story.aspx?id=137995
The article is discussing Fiji Rugby Union financial issues
……..extract…….
It has come to light that the board still does not receive adequate financial information at each board meeting.
No Profit and Loss, Balance Sheet, Cash flow projections. These should be standard in any organisation the size of the FRU.
……..extract…….
Where is the debt reduction plan?
Why is the board still not furnished with acceptable monthly financial reports to enable them to do their job?
They have a finance person who must have had the training to complete this reporting. They have a software package that claims to be able to produce this reporting (MYOB?) so why isn’t it being done?
……..
I hear Fiji calling…we would be happy to assist in working with you on this issue…we assist many boards understand and utilise their financial reports.
Heather Smith and her team at ANISE Consulting, have assisted in setting up and supporting over 300 small businesses in Brisbane and beyond. Their focus is on cashflow management. They are leading experts in MYOB Accounting software and are dabbling in Xero. For further assistance please contact us http://www.aniseconsulting.com/contactUs.html or join us;
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