Financial Literacy in NPO Governance
A competent board and a financially successful organization
This high-impact training allows the treasurer, directors and officers as well as the finance and audit committee to have motivating, human, relevant and engaging learning experiences that allow them to better understand the major financial concepts, as well as their controls, within an NPO. Based on proven concepts (CPA Accounting Principles, Synergistic Governance ™), this training helps you exercise greater diligence and increased financial oversight within an NPO and ensure its financial success.
Modules:
What is an NPO?
NPO governance
Finance and financing
Roles and responsibilities
Financial health and performance
The budget cycle
The verification
Reasonable assurances
Useful in the Following Situations:
When we start a new budget year
When we establish a finance, audit and verification committee
When administrators and managers want to be more participatory in financial monitoring
When the organization experiences financial difficulties
When the organization is growing rapidly
When financial responsibilities and the financial year are less well understood
Impact on the Organization:
Responsible oversight of the organization's finances
Practiced and demonstrable diligence
An increased and shared sense of responsibility within the board
Proper transparency of public finances
Following the Training, Participants Will be Able to:
Better understand the organization's financial statements
Be more participatory in financial monitoring
Ask relevant questions related to financial reports
Participate more easily in the finance committee
Be more comfortable overcoming financial difficulties
Differentiating Financing Strategy from Financial Management