Fundamentals of Finance

Posted by La Salle Nonprofit Center on February 27, 2017

No Mission without Financial Management

Managing your Finances Makes Your Mission Possible

In the nonprofit world, we are focused on mission – and rightfully so – it’s the reason our organizations exist. But without strong and sage knowledge and control over finances, including reporting, analysis, risks assessment, responsibilities and budgeting, your mission is in jeopardy.

The Nonprofit Center has two upcoming classes in finance that can help you protect your organization by ensuring that all appropriate staff, especially those who haven’t had formal education in the profession, are prepared for prudent financial decision-making and budget preparation and management.

Fundamentals of Finance

While few nonprofit managers come into their roles with expertise in financial management, they need to be able to understand and effectively manage program or organizational finances and be able to read and analyze financial reports and use these numbers to their greatest organizational advantage.

This class is designed to bring you the basic skills that make up nonprofit finances, and focuses on enabling you to understand and interpret your financial story. Not only will you know how to get the information you need, but you’ll be able to use that information judiciously in financial decision-making. Through a deeper understanding of the role of the audit and notes, your organization will be in a stronger position to motivate financial investment by others. You will leave this class knowing how to read and interpret financials, how to capably separate financial duties and responsibilities to protect your organization and how to allocate expenses across programs for more effective resource management.

This class is highly recommended for organizations that lack a full-time finance professional, but are committed to best practices and transparency. It is tailored to EDs, newer finance staff, non-financial program directors and managers, board members, and others who need to be able to interpret financials and base decisions upon them.

When: April 6, 9 am to 4 pm
Where: Duane Morris, 30 S. 17th St., Phila.
Fee: $129 for Members/$159 for Non-Members
Register now >>
http://www.lasallenonprofitcenter.org/courses/financial-management/fundamentals-finance-2/