This workshop will develop your ability to appropriately interpret the major financial accounting statements that are used by nonprofit organizations. Ideally, you will gain an understanding of the types of financial statements that are used by nonprofit organizations, and how they differ from for-profit financial reporting. Also, you should gain an appreciation of both the power and limitations of accounting information in assessing financial performance and decision-making. You will also learn the uses of financial statement analysis, or ratio analysis for nonprofit organizations.
Benefits and Learning Outcomes
- Identify and describe the documents and financial statements included in a nonprofit organization's financial report
- Describe the nature of business enterprises and nonprofit organizations, as reflected by the statement of financial position
- Define financial (ratio) analysis and explain its objectives and limitations
- Identify the various categories of financial ratios used in nonprofit analyses
- Define and calculate the ratios within each category
- Analyze the information found in nonprofit statements of financial positions, activities and cash flows