The guide, titled the Guide for Community Financial Officers, has been designed to help financial officers of not-for-profit organisations take on their roles with greater knowledge and confidence, and to help board members understand what is required of a financial officer.
Westpac national manager of working capital and industry specialisation Jacqui Logan-Powell said that, with many Australians belonging to community groups, the financial health of this sector is vitally important.
She said the guide is part of Westpac’s ongoing work to ensure community organisations have ready access to the information they need to operate effectively in a complex and changing financial environment.
“Westpac has been working with not-for-profit and local community organisations of all sizes for years, and we understand their diverse opportunities and needs,” said Ms Logan-Powell.
“Our collaboration with Chartered Accountants Australia and New Zealand means this guide has a lot to offer community financial officers as they fulfil their vital role.”
CAANZ chief executive Lee White said financial officers bring a great deal of enthusiasm to their roles, and ensure that their organisations are in a strong financial position to continue serving their communities.
“This guide not only aims to help financial officers with all levels of experience to achieve their objectives for their community groups and organisations, but to ensure that when faced with challenges, they are equipped to tackle them,” said Mr White.