Understanding financials for committee and community groups
About
Committee or board members of not-for-profit organisations come with different skills and experiences which makes their contribution special. Financial literacy is important to ensure the group is solvent.Learning how to read and understand the facts and figures presented in financial reports will help committee members with decision making and planning for their community group.
Topics Include:
• Understanding good financial governance
• Interpreting the financial reports including the balance sheet, profit and loss and cash flow reports
• Developing a budget for the financial year
• Calculating the organisation’s financial health
• Linking the strategic plan to the budget and financial reports
• Determining the appropriate level of equity for a not for profit
• Understanding the financial controls required to protect assets
Location
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Understanding financials for committee and community groups
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