Introduction to Nonprofit Finance
This workshop provides a technical foundation for understanding the basic components of a financial management system and serves as an overview of the concepts involved in developing nonprofit financial reports. The course focuses on definitions and provides an introduction to key financial statements. Topics include internal controls, cash vs. accrual, restricted and unrestricted funds, capitalization and depreciation, functional expenses and cost allocation.
Who should attend?
This workshop is for all nonprofit staff looking to improve their understanding of the basic concepts of nonprofit finance. Participants may be newly in a finance role in their nonprofit, or be responsible for overseeing the financial function of the organization without a background in nonprofit finance.
By the end of this course, participants will be able to:
- Assess their organization’s financial management system and identify areas for improvement.
- Understand and use the basic terminology of nonprofit finance.
- Read and interpret key nonprofit financial statements.