<br />
FINANCIAL HANDBOOK<br />
IFU as a partner<br />
IFU – Investment Fund for Developing Countries was established in 1967, and<br />
for more than four decades our work has proven that it very often means good<br />
business for all parties if investment and development go hand in hand.<br />
IFU's activities are based on the following:<br />
ê We invest risk capital on market terms in the form of share capital, loans<br />
and guarantees in private sector companies that are established in developing<br />
countries or emerging markets.<br />
ê We provide professional advice regarding the business environment,<br />
investment terms and CSR issues as well as cultural and political barriers,<br />
etc. with assistance from our regional offices in developing countries and<br />
emerging markets and through our global network of advisers.<br />
ê We provide continual know-how and active support to the project companies.<br />
One access – fou<a title="Financial handbook page 1" href="http://viewer.zmags.com/publication/3397b928?page=1"> FINANCIAL HANDBOOK</a>
<a title="Financial handbook page 2" href="http://viewer.zmags.com/publication/3397b928?page=2"> IFU as a partner IFU – Investment Fund for Develo</a>
<a title="Financial handbook page 3" href="http://viewer.zmags.com/publication/3397b928?page=3"> PREFACE This Financial Handbook is written for</a>
<a title="Financial handbook page 4" href="http://viewer.zmags.com/publication/3397b928?page=4"> 2 | FINANCIAL HANDBOOK</a>
<a title="Financial handbook page 5" href="http://viewer.zmags.com/publication/3397b928?page=5"> CONTENTS 1 General principles and national regu</a>
<a title="Financial handbook page 6" href="http://viewer.zmags.com/publication/3397b928?page=6"> 4 | FINANCIAL HANDBOOK</a>
<a title="Financial handbook page 7" href="http://viewer.zmags.com/publication/3397b928?page=7"> 1 General principles and national regulative fra</a>
<a title="Financial handbook page 8" href="http://viewer.zmags.com/publication/3397b928?page=8"> 6 | FINANCIAL HANDBOOK</a>
<a title="Financial handbook page 9" href="http://viewer.zmags.com/publication/3397b928?page=9"> Materiality is defined based on the elements of th</a>
<a title="Financial handbook page 10" href="http://viewer.zmags.com/publication/3397b928?page=10"> As indicated above, the shown checklist is not a </a>
<a title="Financial handbook page 11" href="http://viewer.zmags.com/publication/3397b928?page=11"> Independent auditor's statement To IFU We have </a>
<a title="Financial handbook page 12" href="http://viewer.zmags.com/publication/3397b928?page=12"> 10 | FINANCIAL HANDBOOK</a>
<a title="Financial handbook page 13" href="http://viewer.zmags.com/publication/3397b928?page=13"> 2 Budgeting Budgeting forms part of th</a>
<a title="Financial handbook page 14" href="http://viewer.zmags.com/publication/3397b928?page=14"> The operating budget, normally not subject to any</a>
<a title="Financial handbook page 15" href="http://viewer.zmags.com/publication/3397b928?page=15"> · Payments received from debtors · Payments m</a>
<a title="Financial handbook page 16" href="http://viewer.zmags.com/publication/3397b928?page=16"> 14 | FINANCIAL HANDBOOK</a>
<a title="Financial handbook page 17" href="http://viewer.zmags.com/publication/3397b928?page=17"> 2.4 Board approval of the budget The operating, </a>
<a title="Financial handbook page 18" href="http://viewer.zmags.com/publication/3397b928?page=18"> 16 | FINANCIAL HANDBOOK</a>
<a title="Financial handbook page 19" href="http://viewer.zmags.com/publication/3397b928?page=19"> 3 Bookkeeping and filing of accounting records </a>
<a title="Financial handbook page 20" href="http://viewer.zmags.com/publication/3397b928?page=20"> 18 | FINANCIAL HANDBOOK</a>
<a title="Financial handbook page 21" href="http://viewer.zmags.com/publication/3397b928?page=21"> 4 Reporting requirements As co-inves</a>
<a title="Financial handbook page 22" href="http://viewer.zmags.com/publication/3397b928?page=22"> The monthly progress report must be distributed t</a>
<a title="Financial handbook page 23" href="http://viewer.zmags.com/publication/3397b928?page=23"> to property and business of the kind in question.</a>
<a title="Financial handbook page 24" href="http://viewer.zmags.com/publication/3397b928?page=24"> 22 | FINANCIAL HANDBOOK</a>
<a title="Financial handbook page 25" href="http://viewer.zmags.com/publication/3397b928?page=25"> 5 Audit IFU requires that the compan</a>
<a title="Financial handbook page 26" href="http://viewer.zmags.com/publication/3397b928?page=26"> The auditor's duties in connection with the audit</a>
<a title="Financial handbook page 27" href="http://viewer.zmags.com/publication/3397b928?page=27"> IFU recommends that the auditor be contacted when</a>
<a title="Financial handbook page 28" href="http://viewer.zmags.com/publication/3397b928?page=28"> Re 3 – Performance of the interim audit If the au</a>
<a title="Financial handbook page 29" href="http://viewer.zmags.com/publication/3397b928?page=29"> · Material issues relating to the audit, includi</a>
<a title="Financial handbook page 30" href="http://viewer.zmags.com/publication/3397b928?page=30"> Examples Example 1: Financial Reporting Checkli</a>
<a title="Financial handbook page 31" href="http://viewer.zmags.com/publication/3397b928?page=31"> Example 1: Financial Reporting Checklist Compan</a>
<a title="Financial handbook page 32" href="http://viewer.zmags.com/publication/3397b928?page=32"> Provisions 11 12 Are provisions recognise</a>
<a title="Financial handbook page 33" href="http://viewer.zmags.com/publication/3397b928?page=33"> Example 2: Form of reporting for profit & loss and</a>
<a title="Financial handbook page 34" href="http://viewer.zmags.com/publication/3397b928?page=34"> Example 3: Form of reporting for investments (on-</a>
<a title="Financial handbook page 35" href="http://viewer.zmags.com/publication/3397b928?page=35"> Example 4: Form of reporting for cash flow </a>
<a title="Financial handbook page 36" href="http://viewer.zmags.com/publication/3397b928?page=36"> Example 5: Form of reporting for investment budge</a>
<a title="Financial handbook page 37" href="http://viewer.zmags.com/publication/3397b928?page=37"> Example 6: Form of reporting for profit & loss and</a>
<a title="Financial handbook page 38" href="http://viewer.zmags.com/publication/3397b928?page=38"> Example 7: Form of reporting for investments (on-</a>
<a title="Financial handbook page 39" href="http://viewer.zmags.com/publication/3397b928?page=39"> Example 8: Form of reporting for cash flow </a>
<a title="Financial handbook page 40" href="http://viewer.zmags.com/publication/3397b928?page=40"> Published: 2014 Photos: Elo Automated Steel Qing</a>
<a title="Financial handbook page 41" href="http://viewer.zmags.com/publication/3397b928?page=41"> ifu.dk IC ECOL D A R B </a>