Financial management for Non-Profits
This one-hour introductory workshop covers the core financial management concepts that are critical to successfully running a non-profit organization. Topics include: financial management best practices, budgeting, reading and understanding various financial reports, and financial goal setting.
What’s included
A one-hour workshop that covers essential financial management skills for non-profit organizations. You’ll explore best practices for financial oversight, create and manage budgets, learn how to read and interpret key financial reports, and set meaningful financial goals.
Following the workshop, participants will have access to a PDF of the presentation and referenced links, as well as an Excel spreadsheet containing simple templates for budgeting, cash flow, financial statements, and budget-to-actual comparisons.
✅ Complete at your own pace
✅ Covers a complete inventory of best practices for non-profit financial management
✅ Budgeting and financial statement templates included
✅ Suitable for both Board members and Management
✅ Lifetime access
What this Course will Cover:
Financial analysis
Learn how to read and interpret core financial statements so you can understand your organization’s financial health and make informed decisions.
Budgeting & Cash Flow
Build effective budgets and learn practical strategies for managing cash flow to ensure your programs and operations stay funded throughout the year.
Strategy & Goal Setting
Translate financial information into actionable plans by setting realistic goals, aligning resources, and strengthening long-term organizational strategy.
Course Curriculum
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Included in this section are general and specific controls, such as bank reconciliations; a breakdown of key financial management roles; board fiduciary duties; privacy law; CRA and legal compliance; and data security.
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This section covers how to read and interpret balance sheets and income statements, including key ratios and financial targets for non-profits.
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We begin with an overview of the budgeting process and best practices, then move on to capital budget considerations, including how to set up an operating reserve.
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In this section we discuss how to factor in outlays for capital purchases, operating reserves, or loan repayments. Next, we walk through a template for projecting cash flow for a fiscal year. Finally, we discuss key considerations relevant to non-profits, such as timing of cash flows.
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In this section, we describe how to make your goals more SMART, and how to incorporate them into your budgeting process. We also discuss how to compare your budget to actual results and provide an example.
Develop your understanding of Non-Profit Financial Management
Gain confidence in what it takes to successfully manage a non-profit, and clarity in understanding your duties as a director or Board member.
FAQs
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Yes! Your purchase provides lifetime access to the course and materials. This allows you to watch the presentation at your own pace, revisit topics as required, and access the templates whenever you need them.
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Yes, we are open to responding to questions about the course materials and topics covered. We want the information to be understandable and useful, and don’t mind taking a minute to help clarify the material to ensure that is the case.
Our email address is listed at the end of the presentation.
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Yes, the topics covered in this workshop are general in nature and intended to be applicable to all non-profits.
Where specific examples are considered, the workshop references British Columbia rules and regulations. The corresponding regulations will apply in your specific jurisdiction. -
Yes, this course qualifies as one hour of continuing professional development for professionals in the fields of business administration, accounting, and non-profit management.
Please contact us if you require a certificate of completion.
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Yes, we would be pleased to provide a group discount if you wanted to provide this training to multiple board members, a gathering of non-profit professionals, or different levels of administrators within an organization.
Please get in touch using the Contact Us page to learn more.