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Notes On The And Procedures

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Optometry Giving Sight ACCOUNTING POLICIES AND PROCEDURES MANUAL 2016 Table of Contents 1. Introduction 3 2. Chart of Accounts and General Ledger 3 3. Division of Responsibilities 4 4. Financial Statements 7 5. Basis of Preparation 7 6. General Features 7 7. Translation to Presentation Currency 8 8. Taxes 9 9. Cash and Cash equivalents 9 10. Revenues 9 11. Authority to Open and Close Bank Accounts 11 12. Investments 11 13. Credit Card Policy and Charges 12 14. Petty Cash Fund 12 15. Trade Receivables 13 16. Trade Payables 13 17. Accruals 13 18. Provision 13 19. Leases 15 20. Cash Receipts 15 21. Inter- Account Bank Transfers 17 22. Cash Disbursements 17 23. Procurement 19 24. Costs Allocation 20 25. Bank Account Reconciliation 21 26. Property 22 27. Personnel Records 23 28. Payroll Processing 23 29. In-kind Contributions 24 30. Economic Dependence 24 Definitions OGS means Optometry Giving Sight and it controlled entities. Controlled entity means within OGS there are OGS business operations in Australia and overseas. These businesses are registered as separate entities. Country Manager means a Manager of an entity located either in Australia or overseas. Global office means OGS Head office located in Sydney, Australia. 1. Introduction A primary responsibility of Optometry Giving Sight’s (OGS) Board of Directors is to ensure that the organization is accountable for its programs and finances to its contributors, members, the public and Government regulators.

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