Understanding financial statements is the first step in understanding and telling your nonprofit's financial story, to both internal and external stakeholders.
During this session, we will review the format and content of nonprofit financial statements, with an emphasis on what makes nonprofit financials special and distinct. As past performance is critical information to inform future planning, we will review how to perform financial statement analysis and calculate key metrics, using those metrics to measure progress towards annual and long-term goals. Finally, as internally prepared financial statements may not be readily available in the same format as year-end audited GAAP-basis financials, we will touch upon the practical complications arising when monitoring financial performance and calculating metrics on a month-to-month basis.
Agenda
Faculty
Gina McDonald, CPA
BDO USA, LLP
- Managing Director at BDO USA, LLP
- Over 25 years of finance and accounting experience, including financial statement audit experience, with a focus on supporting nonprofit organizations
- Specialty in translating complex financial accounting topics into accessible language
- Experience in designing practical financial management infrastructure, including advising on fiscal staffing structure, workflows and internal controls
- Frequent speaker for AICPA on topics related to nonprofit accounting and financial management
- National CNAP trainer (Certified Nonprofit Accounting Professional)
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