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Not-for-profit organizations face increasing challenges and demands for heightened performance and demonstrable impact. This five-day program will provide Executive Directors and Finance Managers with essential tools, frameworks and models to strengthen the not-for-profit finance function and its integration with strategy. Participants will learn how to assess and advance the four elements of the not-for-profit business model: cost, revenue, capital structures and program portfolios.
Through case studies, practical exercises and group discussions, participants will strengthen their knowledge in key areas of strategic not-for-profit finance and come away with a deeper understanding of the role of finance in a not-for-profit organization. This course will equip participants with the knowledge and tools they need to identify organizational risks and improve processes.
By the end of this course, participants will be able to:
- Read and analyze various financial reports, including audited statements
- Assess organizational short and long-term strengths and vulnerabilities and easily communicate an organization’s financial position
- Analyze revenue and capital structures in order to position the organization for resilience
- Outline accounting standards for not-for-profit organizations
- Develop program and organizational budgets using true cost accounting, program economic analysis and other best-in-class budget formats and frameworks
- The emerging role of financial leadership in the not-for-profit sector
- The four elements of the Not-for-Profit Business Model: cost, revenue and capital structures and program portfolio
- Audited Financial Statement Analysis
- Accounting Standards for Not-for-Profit organizations
- Best-in-Class budgeting, costing, true cost accounting, program profitability and economic analysis and more
WHO WILL BENEFIT:
This program is designed for business leaders in the not-for-profit sector who wish to better integrate strategy development, risk management and finance..