Guidelines for financial procedures in explorations projects or new ventures.
The majority of the financial aspects of a New Venture are outside the scope of the Country Management. There are however a few issues which are the responsibilities of the Country Manager: Manual of authorities, Tendering procedures, The chart of accounts, Budgetting, Cost reporting and Petty cash.
1. Manual of authorities
The manual of authorities defines the financial authority allocated to each posiition and should addressy:
- payments under an agreed contract and "ad-hoc" payments/commitments.
- expenditures inside and outside a staff members area of . . .
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