Training Manual Bookkeeping Financial & Management
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In May 2007, the National Forum on Forests (UNFF) adopted the Non-Legally Binding Instrument on All Types of Forest (NLB), which is commonly called the “Forest Instrument”. This significant international consensus was reached to strengthen the implementation of sustainable forest management (SFM), and thus to maintain and enhance the economic and environmental values of all types of forests, for the benefit of current and future generation. Most specifically, the Forest Instrument is to: () Stre ngthen political commitment and actions at all levels to implement effectively SFM, (ii) Enhance the contribution of forests to the achievement of the international agreed development goals including the MDG, and (iii) Provide a framework for national action and international cooperation. The overall objective of the project is “to support Liberia, Nicaragua and the Philippines, on a demonstration basis, to move forward in the implementation of the Non-Legally Binding Instrument on all types o f forest”. The resources of any country are the lifeblood of that nation. The management of such resources that will impact the beneficiaries is a key propriety that must not be taken for granted; as such it must be managed effectively. When resources are available, the people should have entrepreneurial and financial management skills to manage them. Liberia’s forest sector is an economic sector that is providing benefits to the local communities through investment in logging activities where communities get shares from these investments in the forest sector. Their share of funds provided by these logging companies has been used to improve the communities. This bookkeeping and financial management guide are intended to develop and improve the skills of two national and community based organizations known as the County Forest Forum (CFF) and Community Forestry Development Committee (CFDC); these two organizations are charged with the responsibilities of managing the funds from the fo rest sector and also helping the local communities manage resources from the forest through entrepreneurship.