Understanding Money Matters for Non-Profit Leadership
Understanding Money Matters for Non-Profit Leadership
Understanding Money Matters is a three-part workshop, or learning lab, developed, and facilitated by Indigenous Perspectives Society (IPS), a social enterprise offering specialized training to help foster a deeper understanding of Indigenous perspectives, cultural differences, and the need for self-determination. Vantage Point is pleased to host this IPS workshop virtually in 2024 to widen access to this financial management training to non-profits across BC.
You are an ideal candidate if you:
- Identify as a senior staff member at a non-profit organization.
- Are looking for a refresher of financial concepts that are relevant to your organization.
- Consider yourself a beginner around financial literacy and want to explore the connection between money and governance.
- Would like to learn in a way that embeds Indigenous ways of knowing and culture.
Program Outline
This 3-day lab offers training to support strong leadership, accountability, and good governance for leaders. You will be provided with an overview of financial elements that all non-profit leaders should know, to ensure their organization remains financially healthy. The training will increase your knowledge of overall financial management and accounting processes.
Program Details
Bursary Application Deadline: 1 month before course start date
Location: Online/virtual
Cost: $599 non-member/$539 member
Program Schedule
- Tuesday, January 30, 2024; 9am – 12pm
- Tuesday, February 27, 2024, 9am – 12pm
- Tuesday, March 26, 2024, 9am – 12pm
Program Topics
Day One
- Difference between Charity, non-profit organization, and corporation
- CRA rules and regulation
- Understanding of Risks
- Understanding of finances
- Accounting principle
- Accounting method
Day Two
- Fundamental of Financial statements
- Assets
- Liabilities
- Equity (net assets)
- Statement of operation
- Statement of Financial Position
- Depreciation
Day Three
- Budget
- Preparing budget
- Budget and organizational rules
- Break down the budget
- Internal control
- Audit committee
- Audit
Learning Outcomes:
- Understand the differences between charities, non-profits, and for profits.
- Gain awareness about how to maintain charitable status.
- Learn about accounting basics, internal controls, cash flow, liability, depreciation, and risk management.
- Prepare and work with budgets and audits.
Facilitator
Zhila Alizadeh-Borji
Zhila was born and raised in Iran, and graduated from the University of Tehran with a degree in business. She has also completed the level 4 Certified General Accountant program and is in the process of obtaining her Certified Aboriginal Finance Manager Certification. She has worked in a variety of finance management positions in Tehran. She moved to Canada in 2001 and has been employed since then in a similar environment, as well as operating her own financial consulting business focused on trust reporting, trust audit, and the Law Society of BC’s rule. Currently, she works full-time as the Finance Manager for the Indigenous Perspectives Society.
