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VO Seminar in Finance: How to Read Financial Statements

June 14, 2017, 6:00 - 8:00 PM

How_to_read_financial_statements-640px.jpgWorking in the not-for-profit sector, we are constantly being challenged to do more with less, to reach more stakeholders and vulnerable people while funding sources are drying up. This means we have to get really good at monitoring our finances. This workshop will teach you 

  • How to read your balance sheet and apply some basic health metrics
  • How to read your income statement and complete variance analysis
  • Why year-on-year and budget variances matter
  • How to interpret your statement of cash flows
  • Restricted fund accounting basics
  • Differences between internally and externally restricted funds
  • What your auditors will be looking for
  • Materiality and how you should apply it to your financial statements

Who should attend: Everyone who is involved with organizational finances, which could include the Treasurer, Board Chair, Program Managers, or Executive Director.

Where: Volunteer Ottawa, 363 Coventry Road

About your Instructors:

Brad Brookman and Michelle Nadeau are the CEO and Senior Consultant, respectively, of Procope Consulting, which provides business advisory services to not-for-profit organizations. We use our accounting, finance and business knowledge to help with strategic, tactical and operational aspects of your organization. We aspire to be a place where people from various backgrounds and experience can mix to apply altruism to systemic challenges. Our mission is to provide this type of environment for our clients, employees and contractors as we strive to find solutions together for the good of the organization as a whole. YOUR organization.

If paying by cheque, please make payable to Volunteer Ottawa and mail in prior to the workshop date to secure your spot. In the note section please write the date, your name and your organization. E.g., September 26 workshop - John Doe from Volunteer Ottawa.

Please contact our Education Manager, at 613-736-5266 ex 114, education@volunteerottawa.ca  for more information.

Cancellation Policy 
Receipt of registration will be confirmed by e-mail or best alternative. No refunds will be issued for cancellations received within five (5) business days prior to an event. If cancellation is received with more than five (5) business days before the event, a $5.00 administration fee will apply. Registered participants who fail to attend an event will be invoiced for the full fee, due 30 days from the date of the invoice. Registration can be transferred to another member of your organization, if you are unable to attend.