Does seeing all the numbers on a financial statement make your eyes glaze over?
Do you dread when your supervisor asks for budgets, estimates, and projections?
Do you pick up your phone and Google when someone mentions “cash flow,” “statement of activities,” or “balance sheet”?
Then this is the course for you. This all-day workshop is specifically catered to those of us without a degree in accounting. We provide you with definitions, examples, and exercises to help you understand and supervise the management of money in your organization. You’ll also learn four important tools guaranteed to deepen your knowledge, impress your finance people, and dazzle your board. This workshop will cover financial statements, program-based budgeting, cash flow management, and building cash reserves.
Understanding your organization's finances is a core competency for all nonprofit managers. Being able to build budgets, apply for grants, understand your cash position, and use the information in a financial statement – these are vital skills that anyone in a position of responsibility will need again and again.
At the end of this course, you will be able to:
- Read a Statement of Financial Position, Statement of Activities, Statement of Functional Expenses and Statement of Cash Flow, and use them to provide information you need to make decisions about your organization.
- Clearly identify your restricted and unrestricted funding.
- Create a program-based budget.
- Read cash flow projections, and identify your cash position each month.
- Explain reserves and how to build them over time.
- April 2, 2019
Georgia Center for Nonprofits
100 Peachtree Street NW
Atlanta, GA 30303
Questions? Contact the Nonprofit University team at [email protected] or 678-916-3081.
Thanks to the generous support of The Wells Fargo Foundation, GCN offers a limited number of partial scholarships for staff and board members of eligible organizations to attend Nonprofit University. Learn more