The FINCAPES Collaborative Study Program Financial Management Standard Operating Procedures (SOPs) have been designed to ensure compliance with Global Affairs Canada (GAC) financial regulations, and those of the University of Waterloo. The SOPs are required to enable University of Waterloo/FINCAPES to maintain effective control and accountability for funds, to safeguard assets, and ensure funds are used for appropriate and authorized purposes only. The document provide reference for the applicants of Collaborative Study Program to plan and budget their proposal.