AIESEC US RoKS 2015 | Finance Track 1.0

1. Finance Training 1.0

3. why are we here?

4. choose: greatness

5. POWERFUL CHOICES

6. Taking Responsibility
Keeping Accountability

7. Welcome to
AIESEC in the United States

8. let’s take a look

9. Cash Flow
What makes money in
AIESEC?

10. Cash Flow
What makes money in
AIESEC?
How much is each
program?

11. Cash Flow
What makes money in
AIESEC?
How much is each
program?
When is our peak?

12. Local Committee
What is an LC consist
of?

13. Local Committee
What is an LC consist
of?
Who are the account
managers?

14. Local Committee
What is an LC consist
of?
Who are the account
managers?
Where do you find
information on an
LC?

15. Expenses
What are our major
expenses on the
local level?

16. Expenses
What are our major
expenses on the
local level?
What are examples
of expenses that are
considered
“Optional?”

17. DAILY YOU

18. MANAGING
INVESTING
TRACKING

19. LEARN BY DOING

20. BUDGETING

21. Split into a group of 3… 15’
You will create a budget for a NPM
Estimated: 75 Attendee
Location: In-door (1 plenary+2 breakout)
Food: Yes (2 lunch, 2 dinner, 2 breakfast)
Delegate Fee: $70
*National President Meeting (Presidents’ Retreat) is a weekend long event who’s goal is
to have all the Presidents come together to be trained and decide the direction of our
national entity

22. Events Outcomes
On average every NPMS goes on a loss between
$200-$500 dollars
…Poor planning
…No tracking
…Misunderstanding

23. Finance’s role is NOT
passive

24. Identify Risks

25. Do you have what it
takes to run an LC?

26. Interesting and captivating details of
the effect
Let’s see about that
Split into a group of 3
(Preferably not from your LC)

27. YOUR CHALLENGE IS
TO RUN AN LC
Can you ensure it becomes the most
profitable in our entity?

28. Tools
You will be given...
Reality
Current Balance
List of Potential
Expenses

29. Your Reality
City Population: 40,000
Student Population: 20,000
LC Size: 43 (50% Conversion)
Last Year Realization:
24 – oGCDP
4 – oGIP
Current Balance: $250

30. But first…

31. Design Your Year
Come up with….
LC’s Name
This Year’s Goals
(OGX, TMP)
10’

32. Limitations
Every company has issues…
$3000 in Affiliation Fee in end of April
$9000 in Affiliation Fee in the end of
October
$1000 in Conference Closeout in end of
February
No new activity in Late March and Late
June
(Finals + Spring Break)
Only may have max 2 recruitment
You will lose 25% of membership in
June

33. You will have 25 minutes to emulate a year
You are to use your best judgment to purchase
the right expenses for the year
In order to actually win, you must achieve all of
your goals
You will receive the benefits after the lag time of
the expense

34. Shopping List – Fixed Cost
Cost Lag Time
Membership Induction $10 per new member None
Outgoing Preparation Seminar $10 per EP None
Regional Conferences $100 Per new Member None
*Membership Induction must be during the week of recruitment
*OPS will be the last week of May (Total number of Eps)
*RoKS will be 3rd week of February

35. Shopping List – Optional Cost
Cost Benefits Lag Time
Marketing Round 1
Tier 1
$100 15 EPs ($9000)
12 Members
4 weeks
Marketing Round 1
Tier 2
$200 20 EPs ($12000)
15 Members
4 weeks
Marketing Round 1
Tier 3
$250 25 EPs ($15000)
20 Members
4 weeks
Membership Retreat $20 per Neglect Membership Loss/Raise
Conversion to 75%
None
Y2B/Youthspeak $2000 15 Eps ($9000) 2 weeks
Marketing Round 2/3 $200 # EPs = 25% LC
(Unaffected by Conversion)
2 weeks
IXP $100 per 1 EP for Summer +$500 per None

36. Some Help:
National Support Fund is a budget of $2000 that is provided to the
plenary as a support fund, in order to access this you MUST get all
LC’s approval.
The idea for the project must be innovative.

37. What will this look like?
A timeline of 12 months
Split into weeks (4 weeks)
You will pay the affiliation fee on the last week of
April and October
Conference Closeout on the end of February

38. Summary:
30’
Cost Lag Time
Membership Induction $10 per new member None
Outgoing Preparation Seminar $10 per EP None
Regional Conferences $100 Per new Member None
*Membership Induction must be during the week of recruitment
*OPS will be the last week of May (Total number of Eps)
*RoKS will be 3rd week of Februrary
Every company has issues…
$3000 in Affiliation Fee in end of
April
$9000 in Affiliation Fee in the end of
October
$1000 in Conference Closeout in
end of February
No new activity in Late March and
Late June
(Finals + Spring Break)
Only may have max 2 recruitment
You will lose 25% of membership in
June
Cost Benefits Lag Time
Marketing Round 1
Tier 1
$100 15 EPs ($9000)
12 Members
4 weeks
Marketing Round 1
Tier 2
$200 20 EPs ($12000)
15 Members
4 weeks
Marketing Round 1
Tier 3
$250 25 EPs ($15000)
20 Members
4 weeks
Membership Retreat $20 per Neglect Membership
Loss/Raise Conversion to 75%
None
Y2B/Youthspeak $2000 15 Eps ($9000) 2 weeks
Marketing Round 2/3 $200 # EPs = 25% LC
(Unaffected by Conversion)
2 weeks
IXP $100 per 1 EP for Summer +$500 per None

39. Jan Feb Mar Apr May Jun
-25%
-1000 No Act -3000 No Act
Jul Aug Sep Oct Nov Dec
-9000
Summarize Timeline

40. Results

41. Debrief