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    Finance Matters in the Church And Accounting Procedures
    Finance Matters in the Church And Accounting Procedures
    Finance Matters in the Church And Accounting Procedures
    Ebook226 pages3 hours

    Finance Matters in the Church And Accounting Procedures

    By Emiola Opasina

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    About this ebook

    God’s expectation on the effective management of His financial resource is very high and there is a minimum standard that must be met by leaders and others who are connected with handling’s Kingdom’s money.
    The Author, a Chartered Accountant and Financial Secretary for two churches for almost a decade examines and recommends various methods under the guidance of Holy Spirit on how to meet this minimum standard. The book addresses some important issues
    LanguageEnglish
    PublisherBookBaby
    Release dateSep 5, 2011
    ISBN9789789171552
    Finance Matters in the Church And Accounting Procedures

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      Book preview

      Finance Matters in the Church And Accounting Procedures - Emiola Opasina

      Lagos

      PREFACE

      The Purpose of this book

      I find it very necessary to explain to my readers the purpose of this book.

      On 1st October 2009, our church, New Light Baptist Church, Magodo, Lagos, Nigeria organized a strategic meeting for all Leaders, heads of Church Ministries. At the meeting, I was invited to speak on the topic: Church Finance and Accounting Procedures. It was during the course of preparation for this seminar that the Lord revealed to me some areas where God’s money is being wrongly handled by the leadership of churches in all nations of the world. Ever since I got this revelation, I have a heavy burden in my spirit to point out these areas to leaders of the churches. Hence, this book will address these areas and make recommendations on how God’s money should be managed. The book will also attempt to reveal God’s intended purpose for His resources and why Kingdom’s money should not be wasted and the consequences for wasting God’s resources. Other areas that will be covered include some ways by which churches’ financial capacity can be increased, the importance of giving our resources to God, the spirit behind money, and some financial policies that can be adopted by the church in running her finance department on kingdom principles.

      INTRODUCTION

      Let me begin with an emphasis that the church of Christ, built by our Lord Jesus Christ Himself, belongs to Him alone. The church (God’s spiritual children), its finances, resources and riches belong to the Lord who is the Head and Founder (Psalm 24:1). All those who are privileged by grace to serve as leaders in the body of Christ, the church, be it general overseers, (GOs) or founders/presidents, bishops, archbishops, pastors, reverends, prophets/prophetesses, deacons, deaconesses, etc, are all but trustees. They are vessels and instruments whose role essentially, is to execute the eternal vision of the church on the earth.

      For this reason and more, they are separated, called unto holiness as vessels of honour (2 Timothy 2:19-21). For this same reason, our Great and Almighty Father has also richly blessed His church with every blessing necessary for the execution of His eternal vision for the church as the light of the world and the image of heaven, as well as for the pleasure of His children in the kingdom. Hence, He taught and prescribed to us through His word how to access His immeasurable treasures to meet the needs of the church. But God is not a waster of resources. He is thus mindful of how these resources are spent and managed, and He accordingly cautioned us.

      The issue of accountability is very paramount in the kingdom of Heaven, hence, it has always been in God’s plan for all human beings to render accounts for their lives and resources. This matter is further affirmed in the parable of talents as recorded in Matthew 25:14-30.

      For the kingdom of heaven is like a man traveling to a far country, who called his own servants and delivered his goods to them. And to one he gave five talents, to another two, and to another one, to each according to his own ability; and immediately he went on a journey. Then he who had received the five talents went and traded with them, and made another five talents. And likewise he who had received two gained two more also. But he who had received one went and dug in the ground, and hid his lord’s money. After a long time the lord of those servants came and settled accounts with them. So he who had received five talents came and brought five other talents, saying, ‘Lord, you delivered to me five talents: look, I have gained five more talents besides them.’ His lord said to him ‘Well done, good and faithful servant; you were faithful over a few things, I will make you ruler over many things. Enter into the joy of your lord.’ He also who had received two talents came and said, ‘Lord, you delivered to me two talents; look, I have gained two more talents besides them.’ His lord said to him ‘Well done, good and faithful servant; you have been faithful over a few things, I will make you ruler over many things. Enter into the joy of your lord.’ "Then he

      who had received the one talent came and said, ‘Lord I knew you to be a hard man, reaping where you have not sown, and gathering where you have not scattered seed. And I was afraid, and went and hid your talent in the ground. Look, there you have what is yours’. But his lord answered and said to him, ‘You wicked and lazy servant, you knew that I reap where I have not sown, and gather where I have not scattered seed. So you ought to have deposited my money with the bankers, and at my coming I would have received back my own with interest. So take the talent from him, and give it to him who has ten talents. For to everyone who has, more will be given, and he will have abundance; but from him who does not have, even what he has will be taken away. And cast the unprofitable servant into the outer darkness. There will be weeping and gnashing of teeth."

      From the above passage, we can infer as follows:

      -   God expects His resource in our hands to yield fruits.

      -   Kingdom resources must not remain idle and it must be put in constant use all the time.

      -   His resources must not be wasted.

      -   He measures time in relation to the resources in our hand.

      -   Those who mismanage Kingdom’s resources will be punished and disgraced.

      -   There will be a day when we will be called upon to render accounts of the resources in our hands.

      The above are the focal points and many others this book will attempt to address and I believe that the church is the light of the world and the spirit-filled leaders are the hope of the church. Consequently, I have written this book primarily for those who lead churches: head pastors, executive and administrative pastors, church staff, finance committees, board of trustees, governing board and students of seminary schools and others who are connected with church finances, and any who really wants to know and lead the church in the area of finance. This book is for every member because the book dwells richly on the importance and benefits of giving, and why leaders should manage (efficiently and prudently) holy money. I believe the Holy Spirit who is our Teacher will teach His church on how to manage kingdom’s money and grant the leaders of churches the grace to manage same in accordance with His will, instruction and precept.

      EMIOLA SUNDAY OPASINA, FCA

      LAGOS-NIGERIA.

      5th January, 2011.

      Chapter One

      The Important Of Finance Ministry/ Department Of The Church

      The importance of finance department in any organization cannot be over emphasized. Every organization places emphasis on its finance department because money plays a key role in decision- making as well as successful implementation of the decision. Hence, finance departments are charged with the responsibility of keeping records of all incomes received and payments made by any organization. Consequently, an organization that has no accounting department cannot stand because such organization would not be able to determine its financial position. Any organization where there is no financial information, management will fail in running such organizations successfully. Also, in any organization where there is no finance department, it will be difficult to determine if such organization is making progress or not, and incident of financial malpractices cannot be ruled out in that type of organization. Consequently, finance department plays a key role in the following

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