SEMINAR: 5 DECEMBER OVERSEEING the FINANCES for board members
Presenter: Garth Nowland-Foreman
Date: Wednesday 5 December
Time: 9.30 am - 12.30 pm
Venue: 442 Tuam Street, Christchurch
You're a board member and suddenly you find yourself somehow responsible for a non-profit or community organisation's finances. You are not accountant. You might even be intimidated by numbers. What exactly are you responsible for? Can you delegate it to the manager or leave t to the treasurer? What exactly is expected of you?
In this practical and interactive workshop we wont make you into a financial wiz-kid, but you be much clearer on exactly what your role is in financial oversight, and the four steps you need to keep an eye on.
How important is it to have a budget, and what does it actually involve?
What financial reports do you need as a board member and how do you read them?
What's the difference between a Statement of Performance and a Statement of Position? And what do they each tell you?
What's the difference between cash and accrual accounting and which should you use?
What is variance reporting? And why is it important?
What is the one most important accounting formula to understand?
Would I know insolvency if I fell over it? And does it matter?
What are Restricted Funds?
Do we need Reserves in a non-profit?
Do I need an audit?
What sort of financial controls should I make sure we have in place?
You will discover the answer to these and other mysteries in a clear and understandable way, that will help you be more responsible in your exercise of financial oversight as a board member.
The workshop is led by Garth Nowland-Foreman, an experienced board member who is definitely not an accountant. Garth has taught in a national graduate programme in not-for-profit management and is currently a partner of L:EAD Centre for Not for Profit Leadership www.lead.org.nz.
Positive Mindset for Positive Impact
Better Board Meetings
Sales Mindset for Scaling Impact
Using Digital Media Effectively to Spread Your Message and Grow Your Organisation's Reach
Results Based Accountability
Leadership Change and Future Trends
StoryTelling for NGO's and their Community
Finding the Right People