Treasurer Training Quiz

1. Name three main financial responsibilities of the PCC.
2. Give four examples of PCC financial responsibilities.
3. You are an experienced Treasurer and asked by a new treasurer for advice on what books and records need to be kept? Give three examples:
4. For how long should the above accounting paperwork and financial statements be kept?
5. What happens once an Annual Report, accounts and financial statement have been produced?
6. Who is responsible for appointing a suitable Independent Examiner or Auditor?
7. PCC accounts should be transparent so that they might be easily understood. State 2 ways:

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1. Name 3 Funds PCCs might have built up over the years.
2. What does the word Fund refer to in Charity Accounting?
3. Name the different Fund types.
4. Does your PCC have a reserves Policy?
5. Name 3 points that should be covered in the Reserves Policy?

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1. Who is responsible for the production of the written annual report?
2. What should be included in the written annual report?
3. Who should receive and discuss the written annual report?
4. Should the PCC adopt the report before it is presented to the (APCM)?
5. Name four pieces of information which should be included in the annual report, remembering that it will be read by the general public as well as church members
6. How can you make the report attractive?

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1. What does the PCC have to do?
2. Can an examiner be paid?
3. Who could be an independent examiner?
4. Explain your understanding of the word 'independent'.
5. Give examples of people who would normally be considered to have a connection with the PCC.
6. What sort of people can be appointed?

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1. What do you understand by the term Risk Management?
2. Should all PCCs produce a risk assessment?
3. How can you define Risk?
4. What can the term Risk include?
5. Give an example of a financial risk and how it can be managed.
6. Give an example of where the PCC's reputation would be at risk.
7. What risks arise from statutory and legal requirements?
8. Describe an example of an operational risk.
9. Give an example of the following risks.
   1. High impact/medium likelihood
   2. High impact/low likelihood
   3. Medium impact/medium likelihood
   4. Low impact/high likelihood
10. Outline a procedure to help the PCC plan and protect against risks it can identify.

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