Working in the not-for-profit sector, we are constantly being challenged to do more with less, to reach more stakeholders and vulnerable people while funding sources are drying up. This means we have to get really good at monitoring our finances. This workshop will teach you:
- How to read your balance sheet and apply some basic health metrics
- How to read your income statement and complete variance analysis
- Why year-on-year and budget variances matter
- How to interpret your statement of cash flows
- Restricted fund accounting basics
- Differences between internally and externally restricted funds
- What your auditors will be looking for
- Materiality and how you should apply it to your financial statements