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About

Message from the VP F:

AIESEC in Kolkata is India's chapter of the world’s largest student-run organization. We are focused on providing a platform for youth leadership development. AIESEC offers young people the opportunity to be global citizens, to change the world, and to get the experience and skills that matter today.

We aspire to be relevant by pioneering youth leadership and providing multi dimensional opportunities. 

The vision of Finance Department for the year 2015 is - for AIESEC in Kolkata is "TO DO SOMETHING GREAT FOR A BETTER TOMORROW"- so that we have great a foundation ahead, to be an entity where every program is profitable and is self sustainable & every member contributes to this growth, firmly & legally. 

The Alchemists have set out to ensure there is complete legality & finance education in the LC, so that every member understands the importance of finance in the simplest form. We've tried our best to give external examples, make it interactive and at the same time, easy to understand. We hope you have a good time reading through the material on this site and comprehend finance in the easiest way. Always remember, spread the knowledge :)

Happy Reading! 

What we do:

Finance Education

We run a series of Finance Education webinars for members of AIESEC in Kolkata. Topics covered till date : 

  • Legality & legal boards of AIESEC

  • Financial Policies of AIESEC in Kolkata 

  • Receivable & Debtor Management 

  • Budgeting 

  • Recon 

  • XPP & Compendium

Legality

Every Saturday, we have contract collection so that physical copies of contracts, TNJQs, ANs, ILs, etc. are filed department wise and kept at AIESEC in Kolkata's office. 

Receivable Management

Monthly sales report, quarterly finance reports are sent to departments. Everyday tracking of cash flows and receivables is done and reminders are sent to clients/EPs who delay beyond deadline mentioned as per invoice.

Book keeping & Auditing

Physical copies of invoices, receipts, bills & payment vouchers is maintained by VPF. These books are prepared by department TLs and audited by the Finance Task Force (The Alchemists). For every transaction, there should be an invoice & receipt, and the same should be uploaded on your department Finance & Legal folders. 

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