Finances Department
Financial stability allows an individual, regardless of his or her housing status, to be an active, working citizen, who contributes to make her/himself, her/his environment, and those connected with it, better.
In 2009, Norway recognized that 15 percent of all its homeless people were victims of debt, and there was reason to believe that the true number is much higher.
On our journey to ending homelessness and situational poverty, we focus on helping homeless people improve their relationship with money, to eliminate a barrier, which could potentially lead to chronic homelessness, and build bridges to greater education, health and housing.
Our department’s goal is for the homeless people, who go through our programs, to thrive instead of just survive.
Key Skills & Activities
According to Investopedia, finance is a term for matters regarding the management, creation, and study of money and investments.
Finance can be broadly divided into three categories, public finance, corporate finance, and personal finance.
Accounting Skills
Being in control of one’s financial health and being able to plan for the future allows one analyze investments, reach savings goals, control debt and focus on profitability.
Activities
- Understanding Income Statements
- Balance Sheets
- Understanding Cash Flows
Financial Analysis Skills
Understanding one’s financial performance allows one to track and analyze the past and present in order to create a clearer financial forecast.
Activities
- Financial Situation Analysis
- Financial Evaluation Alternatives
- Financial Planning
- Financial Control
Forecasting Skills
Being able to measure the accuracy of predicting one’s financial future allows one to plan ahead and be better prepared for financial ups and downs.
Activities
- Forecast Revenues Down to EBIT
- Forecast Operating Assets
- Forecast Finance
- Forecast Cash Flows
Risk Management Skills
Identifying potential causes of accidents or loss allows one to implement preventive measures, and devise plans to minimize costs and damage.
Activities
- Risk Context
- Risk Evaluation
- Risk Mitigation
- Incidence Handling
- Risk Performance Monitoring & Learning
Finance Reporting Skills
Being able to summarize and present complex financial data in an organized and concise manner allows one to have the right decision making tools to improve one’s financial health.
Activities
- Manage Risks & Controls
- Assess Control Effectiveness
- Address Issues
Financial Literacy Skills
Understanding and effectively applying financial skills, i.e. personal financial management, budgeting and investing, allows one to be financially autonomous.
Activities
- Self-Motivation
- Budget Planning
- Consumption Habits
- Debt Administration
- Savings
- Risk Management
- Investments
- Retirement Plans and Insurance
Support Finance Department
Be a Volunteer
We are always looking for proactive volunteers who want to take part in the change they would like to see in the world.
Be a program sponsor
Be a finance department sponsor and help us end homelessness.
Donate
Donate and support 100 #HomelessEntrepreneurs through their process of being financially stable!
Finance Partners
Finance Team
