Fundamentals of Cooperative Management

• Concept of cooperatives
• Functions of cooperatives
• Difference between cooperatives and other businesses
• Cooperative thoughts: Cooperative thoughts of Robert Owen, Charles Fourier, and William King
• Raiffeisen Societies, Schulze–Delitzsch Societies. Rochdale model
• International cooperative principles
• Cooperative values
• Role of cooperatives in women empowerment, poverty reduction, resource mobilization, community awareness, and entrepreneurship development.

Process of registration of cooperative association in Nepal; Major types of cooperatives: producers cooperative, consumer cooperative, worker cooperative, agricultural cooperative, saving and credit cooperative, and multipurpose cooperative.

• Nature of financial cooperatives, saving products, loan products
• Lending process: loan application, the decision by executive committee or loan sub-committee, personal guarantee, group guarantee, and collateral system, loan disbursement, repayment system, monitoring, and recovery
• Loan loss provision
• Agency service in cooperatives: branchless banking service of commercial banks, Bills payment, and money transfer services.

• Introduction to the cooperative accounting system
• Double entry system
• Types of accounting ledgers in cooperatives
• maintaining daybook, subsidiary ledger books, and trial balance
• Major financial statements: income statement and Balance sheet
• Reserve funds and other funds
• Taxation system for cooperatives in Nepal.

• Importance of auditing in cooperatives
• Internal audit and external auditing in cooperatives
• Rights, duties and responsibilities of account supervisory committee of cooperative
• Budget practices and their preparation and approval, preparation of reports of internal audit
• Preparation of annual report
• Performance evaluating using PEARLS system.

• Functions of Management applied to Cooperative
• Planning, departmentation, coordination and decision-making process
• Types of general meeting: Preliminary general meeting, annual general meeting, and special general meeting
• Meeting of executive committee and other sub-committees, staff meeting, meeting operating procedures
• Human resource management
• Cooperative education and training: meaning and significance of member education, need and importance of cooperative training, institutional arrangements for cooperative training
• Office management: Registration, dispatch and correspondence, store management.

• Concept of regulation and supervision
• need for regulation and supervision
• Federal structure of cooperative regulation, major highlights of Cooperative Act 2074 and CooperativeRules 2075
• Cooperative directives.