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UID:CiviCRM_EventID_904_30fdfa9646ab0622515b27521ff0668d@www.centerfornonprofitexcellence.org
SUMMARY:Understanding Nonprofit Financial Statements
DESCRIPTION:Description\n \n Nonprofit financial statements ha
 ve&nbsp\;their own&nbsp\;unique language\;&nbsp\;y
 et\, understanding financials is&nbsp\;critical to
  the success of any organization.&nbsp\; Besides t
 he&nbsp\;fundamental information regarding&nbsp\;f
 inancial position and income and expenses\, there 
 is a&nbsp\;nuance&nbsp\;of&nbsp\;terminology that 
 distinguishes&nbsp\;nonprofit financials from typi
 cal &ldquo\;for profit&rdquo\; financials\, such a
 s &ldquo\;statement of activities&rdquo\;&nbsp\;is
  similar&nbsp\;but different from your typical&nbs
 p\;&ldquo\;income statement.&rdquo\;&nbsp\; Moreov
 er\, nonprofit leaders&nbsp\;need to&nbsp\;underst
 and financial performance and budget variances to 
 anticipate cash flow problems and to&nbsp\;make&nb
 sp\;smart&nbsp\;resource allocation decisions. Let
  501 (C)PA remove some of the mystery and join us&
 nbsp\;for&nbsp\;a walk-through of sample&nbsp\;non
 profit&nbsp\;financial statements.\n \n Key Learni
 ng Objectives\n \n \n 	Board fiduciary responsibil
 ities.\n 	Introduction to basic nonprofit financia
 l statements.\n 	Understanding and analyzing your 
 financial statements.\n 	Tailoring reports for you
 r Board: level of detail\, supplementary reports\,
  use of charts &amp\; graphs.\n 	Annual budgeting:
  a valuable strategic planning opportunity for Man
 agement &amp\; the Board.\n \n \n Level:&nbsp\; Be
 ginner to Intermediate\n \n Presenter:&nbsp\; Davi
 d Rivard\n \n \n \n David Rivard began his career 
 in Vancouver\, Canada\, where he practiced as a Ce
 rtified Management Accountant and a Chartered Acco
 untant in industry and in public accounting\, with
  both national and small firms.&nbsp\; Being CEO f
 or a group of Canadian manufacturing companies eve
 ntually led to his relocation to Minnesota in 2004
  and then to New Mexico in 2007.&nbsp\; David achi
 eved his CPA designation in 2004 and went on to ea
 rn a MS in Financial Management while serving as A
 ssistant Dean for Libraries at the University of M
 aryland. &nbsp\;For the past five years he has bee
 n leading 501(C)PA\, New Mexico&rsquo\;s only nonp
 rofit CPA firm\, and has been immersed in helping 
 NPO&rsquo\;s with their unique and complex financi
 al management needs. &nbsp\;David is passionate ab
 out developing innovative organizations and creati
 ng fulfilling work environments for talented peopl
 e who want to help others.
CATEGORIES:Workshop
CALSCALE:GREGORIAN
DTSTAMP;VALUE=DATE-TIME:20210422T090000
DTSTART;VALUE=DATE-TIME:20210422T090000
DTEND;VALUE=DATE-TIME:20210422T110000
ORGANIZER:MAILTO:rebecca.gomez@nmag.org
URL:https://www.centerfornonprofitexcellence.org/civicrm/event/info?reset=1&id=904
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