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Ibadan hosts administration programme on financial management

Published by Guardian on Wed, 18 Jul 2012

JUST as it was rounding off its umpires course at some centres across the country, the Nigeria Cricket Federation (NCF)held a Cricket Administration Programme (CAP) on financial management in Ibadan on July 13 and 14 at the Jubilee Centre, Ibadan, Oyo State.The CAP course, which was a continuation of NCF's educational programmes aimed atimproving the competences of states and club cricket administrators, was in alignment with the thrust of ICC-Africa's policy for enhancing the administration of cricket in its member-countries.The programme was facilitated by Nigeria's CAP facilitator and Technical Committee Chairman, Okon Ukpong. The NCF Secretary General, Patrick Okeke, provided logistics support. The course exposed participants to practical skills in managing finances for sustainable development.Speaking on the course, NCF Chief Operations Officer, George Wiltshire, said the importance and roles of a treasurer was examined, noting: 'Participants were educated on what Financial System is and how it operates.Various accounting book-keeping tools and why they are regularly used were discussed.'Participants were taught the importance of generating monthly and annual reports often. They also discussed how to draw a budget annually and for specific events.'The course examined components of a budget, the type of budgets and how to balance a budget. The importance of linking budget to the strategic plan was also stressed. Participants practically prepared budgetsand annual reports for their respective states.'He added thatpractically, participants prepared a budget for an event and an annual budget for their respective states, stating: They 'related NCF annual budget to its strategic plan for 2012-2015, and examined the annual report of NCF for better understanding of the components.'Finally, participants completed the balance sheet statement provided in the manual for the understanding of the items that make up the balance sheet.
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