Power in Numbers: Using Financial Statements for Strategic Decision-Making
Wednesday, March 29, 2017 9:30 am
In-person | New York, NY
Check-in: 9:00 am
Is your organization making informed strategic decisions? Possessing a stronger understanding of your existing financial data and its implications can help you plan for the future in a much more effective, realistic, and scalable way. In this half-day class, Accounting Management Solutions’ Senior Consultant Paul Konigstein will lead you through a series of exercises designed to show you how to leverage the financial information you already have to find the best solutions to the most common operational and strategic problems facing nonprofits.
Learn how to manage operations to a surplus, respond to expansion opportunities, grapple with a loss of funding, and evaluate partnership overtures from other nonprofits. There will be interactive opportunities to work through a case study with your fellow classmates, and lessons for how to use your financial data to respond to a variety of decisions. By the end of this session, you will know how to use your finance team as a strategic partner in achieving your organizational mission.
Unlock the power of numbers by learning to:
- Calculate and apply financial metrics
- Understand the uses, limitations, and application of financial statements for strategic decision-making
- Understand the role of the budget to actual report in operational decision making
- Select appropriate key performance indicators
- Design a dashboard
About the Instructor:
Paul Konigstein is a senior consultant at Accounting Management Solutions, a division of CliftonLarsonAllen LLP, where he helps nonprofits master finance and accounting. Paul blogs for BoardAssist.org and leads webinars at 4Good.org and you can follow him on Twitter @PaulKonigstein. He’s also preparing to present on the important changes impacting grant and contract-funded nonprofits and strategies for compliance on Sept. 20 at Morgan Stanley in NYC. Paul holds an M.B.A. in finance from New York University and a B.S. in marketing from the University of Pennsylvania and has been assisting nonprofits for almost 25 years.
This course qualifies for 3 CFRE Education Credits