Course Purpose

• Learn about the Accounting Standards for Not-for-Profit Organizations (ASNPO) including accounting terms and audited financial statement presentation methods;
• Learn accounting terminology;
• Learn how to read and understand financial statements including: the Statement of Financial Position, Statement of Operations / Statement of Revenue and Expenditures, Statement of Changes in Net Assets, Statement of Cash Flows
• Learn best practices in internal financial statement reporting.

See the course outline below for the list of lessons and takeaway tools.

Format

• 10 video lessons
• 5 hours viewing time
• 4 resources including one (1) Excel template Statement of Operations 
• Online self-paced videos
• You can take the course anytime and anywhere – all you need is an internet connection

Why take this course?

• Maybe you were placed in a leadership role or a finance position without training on how to read and understand financial statements.
• Maybe you are unclear what some of the accounting terms mean 
• Maybe you didn’t know that the non-profit sector is governed by a specific set of accounting standards (Accounting Standards for Not-for-Profit Organizations – ASNPO)
• Maybe you have not received training on what the best practices of the format of the internal Statement of Operations is
• Maybe you feel that the accounting statements produced by the accountant are too hard to understand
• Maybe  thought you could leave it to the Director of Finance to figure out for you…
• Maybe you have sacrificed professional development dollars for front-line staff and now realize that you need professional development too!
• Maybe you’ve been trying to avoid any kind of training that resembles math because you didn’t do well in math when you were in school (join the club by the way, that’s how I felt!)
• Maybe you realize that you can no longer avoid learning how to read and understand financial statements
• Maybe you heard how Betty makes finance easy to learn and understand. 🙂

What is the curriculum?

Lessons

1. Learn the difference between Public Sector Accounting Standards (PSAB) and Accounting Standards for Not-for-Profit Organizations (ASNPO)
2. Understand the Revenue Recognition Methods
3. Other Essentials Accounting Standards for Not-for-Profit Organizations (ASNPO)
4. Understand the Different Statement Presentation Choices: Fund and No-Fund 
5. Accounting Terms Demystified
6. How to Read and Understand the Statement of Financial Position (Balance Sheet)
7. How to Read and Understand the Statement of Operations / Statement of Revenue and Expenditures (Income Statement, P&L) 
8. How to Read and Understand the Statement of Changes in Net Assets 
9. How to Read and Understand the Statement of Cash Flows 
10. Best Practices in Internal Financial Statement Reporting

Resources – Tools – Excel Templates

• Cheat Sheet: Audited Financial Statements
• Guide: Best Practices in Internal Financial Statement Reporting
• CPA Canada: A Guide to Financial Statements for Not-for-Profit Organizations 
• Excel Template and Example: Statement of Operations

Oh…and you also get access to the lessons and the resources for one year from your enrolment date 🙂

Who is this program for?

• Nonprofit Staff and Board Members such as CEOs, Executive Director’s, Senior Management, Operations and Finance Staff, Non-Finance Staff Members, Board Members, Finance Committee Members
• Leaders representing small to large nonprofit and charitable organizations
• Ready to Expand their knowledge: Board and Staff leaders that received little to no finance training but now they are in a leadership positioning realize that hey need to understand how to read and understand nonprofit financial statements
• Confident and Satisfied: Nonprofit leaders that want to feel more confident in understanding how to read financial statements
• Certificate: Individuals that want a certificate of completion to show funders, donors and their board of director’s or their Executive Director that they have invested in themselves and their knowledge in nonprofit finance

Read some of the testimonials below to hear what people think about finance training with Goodcasting Academy!