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.
LEARNING OBJECTIVES:
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
TOPICS INCLUDE:
- 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..