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Finance Fundamentals: Understanding Key Language, Concepts, and Practices (Three-Part Series)

August 17, 2021 @ 9:30 am - 12:30 pm

This training is offered by CompassPoint. Visit their website for full details and to register.

In this online workshop you will:

  • Understand key nonprofit financial terms and be better prepared to use that language in financial discussions within your organization

  • Practice interpreting nonprofit financial statements and identify at least one thing they reveal about an organization’s financial model

  • Explore the difference between income and wealth and how they are represented on nonprofit financial statements

  • Reflect on and think critically about how capitalism, patriarchy, and white supremacy shape nonprofit financial reporting and systems.

 

What specific skills will you work on?

  • Understanding the differences between earned and contributed income, the relationships and systems needed to support them, and how each appears on financial statements

  • Understanding how nonprofits are required to report expenses and the impact on our financial systems, mindsets, and impact on our financial systems and organizational priorities

  • Beginning to apply key nonprofit financial language and concepts to your own organization

  • Becoming familiar with core nonprofit financial statements (the income statement, statement of functional expense, and the balance sheet) and starting to learn how to draw meaning from them

     

This is not a webinar!

We strive to make learning about finance fun, interesting, and less intimidating. Our trainings come alive with your participation and willingness to engage. Please be ready to participate in group discussions and share your creativity, questions, and challenges with us.  We’ll share visual and verbal information, play games, and make time for practice and meaning-making in small groups.