Join us online for 3 hours, learning how to read financial statements and evaluate financial performance for not-for-profit groups. An essential workshop for volunteers, committee and staff of not-for-profits seeking that need to read financial statements and evaluate financial performance as part of their role. Following this workshop you will understand the income statement, balance sheet, cashflow, financial ratios and be clear about duties in relation to not-for-profit reporting.
Approximately 2hr 45 minutes content in the course.
Session 1 | 9am – 10.30am (1hr 30 min)
Break 10.30am -10.45am (15 min)
Session 2 | 10.45 – 12.00 pm (1hr 15min)
Reading Financial Statements and evaluating performance
- Know the purpose of the main financial statements and the links between them
- Be clear about Directors duties in relation to NFP finances and financial reporting
- Understand the basics of evaluating financial performance
- Use financial ratios as a tool to evaluate financial performance
- Be clear about Directors’ duties in relation to solvency
- Be aware of the Board’s role in improving financial performance
Benefits of the workshop
The benefits of doing financial literacy training are immediate but can last a lifetime:
- Understand financial reports tables within your group meetings and operations
- Boost confidence contributing to conversations about financial evaluation
- Be clear on your responsibilities around financial awareness
- Understand rations that can signal financial risk
- Support others around you to interpret financials to enable considered conversations
Format & Features of the Workshop
Delivery – we are delivering this online using Zoom
In person option – Covid permitting we may add in and offer delegates to swap to an in person format in Perth (venue TBA). Please answer the question during registration about your preferences on this option. This switch will be offered about one week out if available.
Handouts – a useful collection of handouts will be curated
Example case study – Work through a case example of financials laced with a few errors to try out your new skills
Interactive Q&A format – The sessions will be interactive with the instructor fielding questions as they arise. You will benefit from these interactions as regional not-for-profit groups experience similar challenges.
There is space for 25 delegates and will be filled on a first come first served basis. *We require a minimum of 10 delegates workshop to proceed.
In addition to agriculture grower group delegates, the workshops are usually attended by a diverse group of volunteers such as sporting clubs, community event groups etc. This provides a rich opportunity to share experiences, challenges and insights with other volunteers involved with not for profit groups around WA and perhaps pick up innovative ways to tackle common issues.
15 seats are specifically set aside for agricultural industry participants and up to 10 seats will be available for general community group participants such as sporting club volunteers wishing to extend their governance skills. Spread the word!
*If interest is very strong we may need to restrict participants to a maximum of 4 per group/organisation.
Direct any enquiries about participation to the workshops co-ordinator – Kallista Bolton, GGA Stakeholder & Communications Manager
T: 0421 623 406
Other Governance Training Options
GGA has four FREE governance training options this year to support not-for-profit groups to achieve improved functionality and impact.
12 hour Governance e-course
6 hour 1 day Governance Workshop
3 Hour Reading Financial Statements Workshop
3 Hour Business Models Masterclass
Plus we have a free six episode Governance Podcast available to listen to available on demand 24/7.
Click through to Eventbrite to browse the 2022 collection.