SGD6 - Financial Management and Accountability

Level Essentials.
Course Description The board is accountable for the performance of the organisation and its financial results. As the gatekeeper of financial governance, the board provides overall guidance and advice on enterprise risk management. In the case of nonprofit organisations especially, the board is also responsible for the social impact of the organisation and its alignment with the mission. This session examines the compliance requirements for financial reporting and the latest approaches to measuring social impact.
Course Objectives
  1. Learn to analyse nonprofit financial statements.
  2. Explore factors related to reserves and investments.
  3. Understand the role of the board in evaluating financial risks and enhancing financial governance.
  4. Explore financial planning and reporting requirements to ensure compliance with the Charities Accounting Standards and the measurement of social impact for increased accountability to stakeholders.
Course Outline 1. Financial Reporting Standards vs Charities Accounting Standards.
2. Reading and analysing financial statements.
3. Reserves and investments.
4. Financial risks.
5. Enhancing financial governance.
6. Community partner sharing.
7. Case study.
8. Panel discussion.
Target Audience
Aspiring, new and current directors of nonprofit organisations.
Course Duration Half day.
Format Presentation with case studies, followed by panel discussion and Q&A.
Course Fees
(including 7% GST)
$214  (Online pricing)

This course is subject to approval for the VWOs-Charities Capability Fund (VCF) training grant. All exempt, registered charities and Institutions of a Public Character can apply for VCF funding. Registration is on a first-come-first-served basis , with priority to VCF-funded applicants.

For more details on the VCF funding, please click here.

CPD Hours 4 hours.

COURSE DATES   (Click to Register)