Finance and Administration

Financial glossary

Courtesy of GCFA. May 5, 2019
Courtesy of GCFA. May 5, 2019

Often times, leaders and committee members of a local church or delegates to a conference will receive and approve financial reports such as annual budgets, giving statements or proposals for new projects/ministries. When the person receiving these reports doesn't have any background in finances, they may find these reports hard to understand. They might get tripped up on financial terms and phrases they have never seen before like cash-flow statement or non-liquid assets.

The General Council on Finance and Administration makes it easy for anyone to understand church finances by providing a free online glossary of basic financial terminology. Each entry in the glossary has its own definition, examples and related terms.

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