7.1 Financial Policy and Procedure example

This Financial Policy and Procedure example provides a practical starting point for documenting how financial activities are controlled within a training organisation or Skills Development Provider. It can be adapted to define responsibilities, approval processes, record keeping and oversight in a way that supports consistent financial administration.

This template can help you:

• Set out roles, authority levels and approval responsibilities
• Document controls for expenditure, payments, procurement and financial records
• Support consistent reporting, accountability and review of financial processes

Use this example as a starting point and tailor the responsibilities, controls, review cycles and legal or regulatory references to your organisation before adoption.