Best Practices in Managing Nonprofit Finances
Training details
calendar_today Monday, September 16, 2019
access_time 10:00 am - 11:30 am ET
place Candid
attach_money $35
About
During the workshop we’ll discuss the challenges in managing finances in a nonprofit organization and review best practices for addressing those issues. In response to those challenges, participants will be introduced to key financial principles and a comprehensive financial management process model that will enable them to:
• Align their financial strategies with business goals as a basis for developing budgets,
• Illustrate the link between budgets and financial statements,
• Analyze actual financial performance against budgets,
• Implement any necessary management changes due to performance variances, and
• Forecast cashflows and financial results.
Learning Objectives:
After attending the Best Practices In Managing Nonprofit Finances workshop, participants will
be able to:
• Internalize the business value of a financial management process,
• Understand the roles, responsibilities and the process components of a financial management
infrastructure that can be implemented within their organizations, and
• Conceptualize how financial analysis information can be used to make and support business
decisions.
Intended audience
- All levels of experience
- Board members
- CEOs, executive directors, upper management
- Fundraising & development staff
- Nonprofit startups
- Program directors and staff