Finance

The activities expected from a finance department cover a wide range from basic bookkeeping to providing information to assisting program managers in making strategic decisions.  The finance department is responsible for all the day to day transactional accounting for Piapot First Nation. This includes the tracking of all transactions and the management of any government reporting. An outside accounting firm is usually used for annual financial statements and audits.

The finance department is also responsible for management of the organization’s cash flow and ensuring there are enough funds available to meet the day to day payments.  This area also ensures that there is a payment policy for the company’s suppliers.  Where there are cash needs beyond the day to day working capital, the finance department is responsible for advising and sourcing longer term financing.  Financing may be obtained through financial institutions.

The finance department contributes to the management and improvement of the overall operations by measuring and reporting regularly on key numbers crucial to the success of the administration.  Management accounting information is information that program managers can use to monitor their programs and decide where further action may be required