Objectives
The main objectives of CFM set out in the terms of reference prepared for it are as follows:

• Identify training needs in the areas of financial management both in public and private sectors, including NGOs/CBOs  in Nepal
• Develop and deliver innovative, customer-focused  and quality training packages for both the public and the private sector customers
• Offer  various  consulting  services  (including  responding  to  demands)  in  coordination  and consultation  with CSD to support NASC’s customers for the improvement  of their financial management
• Design  and  undertake  various  research  and  case-study  projects  for  developing  training materials and information base and improving research skills of NASC staff
• Provide  an  organizational  set-up  for  challenging  work,  creative  thinking  and  innovative actions for NASC professional staff
• Innovate  and  initiate  better  professional   practices   and  present  a  role  model  for  other functional units of NASC.

Major Functions
The major functions of CFM are described in terms of both functional and thematic streams. Each is described below:

Functional Streams

1. CFM has four core functional streams in the area of financial management. They are as follows:
2. Training and development function (both institutional and in-company programmes)
3. Consulting service function (within NASC’s customers)
4. Research functions (both within and outside NASC)
5. Systems  development  function  (development  and implementation  of internal  improvement programmes)

Thematic Streams

• Financial management
• Strategic finance
• Budget preparation and implementation
• Fiscal procedures
• Books of accounts and system of accounting
• Accounting of consumable and durable goods and equipments
• Management accountancy
• Internal control and internal audit
• Financial audit and settlement of queries
• Fund flow analysis and cash management
• Financial reporting and financial statements
• Other areas related to financial managements