Visualizing Your Finances: How Dashboards Convey their Meaning

Posted by La Salle University on August 3, 2015

While your organization generating all kinds of financial reports on a regular basis, are you confident that they are fully understood by the board and senior staff? Are sound and realistic business decisions being made based on the correct interpretation of this financial information?

It’s not uncommon for nonprofits to produce reports while failing to leverage their meaning to advance strategic decisions. Many nonprofits are successfully using dashboards to effectively manage their organization’s financial affairs and make “metrics-driven” decisions.

Dashboards are reports that illustrate key pieces of data through easy to understand graphics, enabling you to “visualize your data.” Just as we understand the value of story-telling in our marketing and fundraising, we should recognize that the graphs and visuals used in dashboards enable our data to tell stories too. They can explain variations, raise questions whose answers significantly impact operations, promote shared understanding and engagement and help define what success means in your organization.

Nonprofit accounting specialist Your Part-Time Controller, LLC will lead you through the process of understanding the difference between data and information to help you determine if dashboards will make reporting more understandable and thus more useful and worth the time, effort and expense.

Presenter: Eric Fraint, CPA, President & Founder, Your Part-Time Controller
When: November 10, 2015, 9:30 to 11:30 am
Where: Duane Morris, 30 S. 17th St., Phila.
Special Price: Members: $20/Non-Members: $25

http://www.lasallenonprofitcenter.org/courses/financial-management/visualizing-your-finances-how-dashboards-convey-their-meaning/