Disclaimer: The following sample financial policy/procedural templates have been reviewed and certified by the Aboriginal Financial Officers of Canada (AFOA) as meeting Generally Accepted Accounting Principles (GAAP). Any resemblance to an existing First Nation community/organization’s financial code is entirely coincidental, or permission to share has been obtained and credited to the source First Nation community/organization.
Strategic planning and accountability type activities have been around for a long time. Individuals and organizations constantly look for new and innovative ways to improve what they do in these areas. In reality, some are more active at planning and some are more sophisticated in their approach. Strategic management has been thrust into the spotlight in the last decade as individuals and organizations realize that organizational success is often linked to results from enhanced activities in this area.
This course material deals with complex matters and may not apply to particular facts and circumstances. As well, the course material and the references contained therein reflect accounting standards and practices which are subject to change. For these reasons, the course material should not be relied upon as a substitute for specialized professional advice in connection with any particular matter.
There are fourteen courses in the AFM program. These courses are broken down into two levels. Completion of the first six courses in Level One qualifies an individual for a Certificate in Aboriginal Financial Management. Completion of eight additional courses in Level Two leads to a Diploma in Aboriginal Financial Management. Completion of all Aboriginal Financial Management program course requirements is the first step in getting the CAFM designation.
The Certified Aboriginal Financial Manager (CAFM) designation is the preferred credential for Aboriginal financial management positions in Canada. As a CAFM, you have a wide range of career opportunities and challenges available. The CAFM designation identifies you as a highly qualified financial management professional in tune with today's challenges. Aboriginal organizations want and need financial managers with clearly defined and well-developed competencies. They want and need CAFMs.
The First Nations Fiscal and Statistical Management Act (FSMA) or Bill C-20 is a federal statute that Parliament passed on March 22, 2005. Its official title is “An Act to provide for Real Property Taxation Powers of First Nations to create a First Nations Tax Commission, First Nations Financial Management Board, First Nations Finance Authority and First Nations Statistical Institute and to make consequential amendments to other Acts”.
The Aboriginal Financial Officers Association of Canada (AFOA) is very pleased to introduce JAM: The Journal of Aboriginal Management - a professional journal for Aboriginals across Canada working in the finance and management fields.
Travel can be costly when you are trying to access training for management and staff and elected leaders. AFOA is pleased to offer workshops on key financial and management issues that are delivered right at your door, in your community, at a location of your choice. Participants are provided with all necessary publications, tools and guides.