The Worker's Educational Association (WEA)

STRATEGIES THAT THE FINANCE FUNCTION OF THE WORKERS' EDUCATIONAL ASSOCIATION CAN ADOPT TO ENSURE EFFICIENT MANAGEMENT AND CONTROL IN SUSTAINING THE FUTURE FINANCIAL VIABILITY OF THE ASSOCIATION, INCLUDING AN ASSESSMENT OF HOW INFORMATION TECHNOLOGY CAN SUPPORT SUCH STRATEGIES: A LITERATURE REVIEW

The Worker's Educational Association (WEA) is as a nationwide not-for-profit organisation in the United Kingdom (UK) with a legal charter as a charitable organisation. Funding for the organisation's activities derives from governmental and private grants, charitable contributions, and a variety of other sources. The WEA, however, does not have an endowment structure that provides the organisation a self-sustain financial capacity. Therefore, the exercise of effective financial management is crucial for the WEA in the development and implementation of strategies designed to ensure sustained long-term financial viability and stability.

This literature review focuses three specific issues. These issues are as follows:

Understanding, developing, and maintaining functional efficiency in the WEA's financial function

Exercising effective financial controls in the federally-structured WEA without compromising the mission-related goals of the organisation

Identifying appropriate applications of information technology to support the financial management strategies of the WEA

Understanding, Developing, and Maintaining Functional Efficiency in the WEA's Financial Function

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