Read and analyze the financial statements of a non-profit organization without being a financier.
You are part of the NPO ecosystem and it is not always easy for you to make the right choices. How do you make informed decisions for a nonprofit organization when you are not a financier? Whether you are a member, administrator, funder, donor or manager, you do not necessarily have all the cards in hand to appreciate the financial situation at its true value. With this training, you will know how to read and analyze the financial statements of an NPO. Even if you are not a financier, you will be able to appreciate the reality of the financial situation and determine what strategic actions should be taken.
Is it for you ?
All stakeholders in a non-profit organization
Prerequisites
None
What You'll Walk Away With
- ✓ Read and interpret core financial statements of nonprofits and cooperatives
- ✓ Understand financial terminology and types of audit and validation engagements
- ✓ Analyze financial data by distinguishing contribution types and adjustments
- ✓ Apply key ratios to assess liquidity, financial balance, and operational performance
- ✓ Make informed decisions based on independent financial analysis
Training content
Financial statements can seem complicated or intimidating, and it is not always possible to ask for support to have someone analyze them for you. This course aims to give you autonomy and independence by demystifying the reading of financial statements, so that you can validate the information presented to you and act accordingly.
1 How to read the financial statements of a non-profit organization (NPO and CO-OP) :
Become familiar with the language of finance and accounting
What are the types of financial statement validation engagements
Identify the structure of the main financial statements:
- What is a Balance Sheet or Statement of Financial Position
- What is the Income Statement or Statement of Revenues and Expenses
- What is the Statement of Changes in Net Assets
- What is the Statement of Cash Flows
- What are the notes to the financial statements
2 How to analyze the financial statements of an NPO and CO-OP
What are the main tools for analyzing the various financial statements?
- How to distinguish the 3 types of contributions
- When do we talk about a Restatement or an adjustment of the financial statements
3 How to evaluate the financial situation of your organization using the main ratios :
- Liquidity ratios
- Financial balance ratio
- Management ratios
- Operating profitability ratios
📌 Practical information
Our training sessions are offered in Montreal or Quebec City, in person or in a virtual classroom. Dates and locations are specified when you select your session below. If you have any questions, check out our FAQ.
