Understanding Financial Statements for Non-Financial NFP Directors

Outline:

• the role and responsibilities of the board, management and the auditor in financial reporting
• the concepts and terminology of financial reporting in the NFP sector
• the ways in which donations to the organization can be accounted for
• the various financial statements you will encounter in your role as an NFP director

Learning objectives:

• to understand the responsibilities of a NFP board member in relation to organizational finances
• to enable directors of NFPs who do not have a financial background in understanding the financial statements of the organizations they serve