Financial Essentials for Not-for-Profit Directors Series (10% series discount applied)
|Price (incl GST)|
|Members Single price||$160.00|
|Non-Members Single price||$234.00|
- Expiry Date: 29 June 2018
- Duration: 120 minutes
In order to manage and control finances and make financially informed decisions, analysing financial statements is an essential requirement for business owners.
Register for the two webinars in the series and receive 10% off individual webinar pricing.
In this two part series we will cover the critical fundamentals of financial statements that business owners need to be across.
Part One will cover:
An overview of key compliance requirements under ACNC:
- The role of the ACNC
- ACNC’s Five Governance Standards and their impact
- Annual Information Statements (AIS) requirements
Understanding Financial Statements:
- Which do you use: Cash vs. accrual accounting?
- Your P&L: Layers of profit/ surplus and key messages
- Your Balance Sheet: Financial health, funding sources and key messages
- Your Cash Flow Statement
Your focus as a director/board member when reviewing financial statements:
- Solvency, solvency and solvency
- Profitability vs. cash generation: How they’re different and why it matters
- New Accounting Standard for recognising NFP revenue
- Cost types and their implications
Part Two will cover :
Key ratios in financial statement analysis and what they mean:
- Surplus/ profitability ratios
- Liquidity/ working capital ratios
- Financial stability ratios
- Other key ratios
Common red flags in the results and how to address them:
- Declining surpluses
- Falling cash reserves and poor liquidity management
- Debtors growing faster than revenues
- Missed payments to creditors
- High fixed costs in tight times
Lindsay Dewberry MAICD
Panache Training & Consulting Pty Ltd
How does it work?
Recordings can be viewed twice. You can fast forward, rewind or pause the playback at anytime. If you stop playback this will count as a view. Please ensure you view the whole recording to be awarded the allocated DPD units.