This session will examine methods of effective internal and external financial reporting at nonprofits, with a focus on the content and methods of financial reporting to the board, senior management and outside stakeholders. We will cover topics on ratio analysis, board reporting, cash and liquidity information and profit and loss by program. In addition, we will discuss what is relevant financial information to analyze the financial condition for effective decision making.
- Identify methods for effective external financial reporting and how to apply effective internal financial reporting tools for the board of directors and senior management.
- Recognize key elements of analysis and reporting using ratio analysis, benchmarking and profit and loss analysis for effective financial reporting.
- Select sources of relevant financial data