Finance Masterclass for Nonprofit Leaders
Online and on-demand lessons and tools
Summary
Course Purpose and Outcomes
Build confidence, gain skills and knowledge, and access tools.
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Course Purpose:
- Strengthen finance leadership skills of nonprofit leaders
- Equip nonprofit Executive Directors, CEOs, and management staff with:
- Finance knowledge
- Skills
- Practical tools and templates
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Outcomes for Nonprofit Leaders:
- Increased confidence in:
- Contributing to financial strategies
- Developing financial strategies
- Enhanced ability to:
- Strengthen organizational, departmental, or program resilience
- Understand budgets and budgeting processes
- Oversee budgets effectively
- Integrate strategy with finance to bolster the organization, department, or programs
- Increased confidence in:
Is this the same course as the Nonprofit Finance Program (non-certificate)?
Yes but no :)
The content is the same as the non-certificate Nonprofit Finance Program but this course includes all of the following:
- a certificate!
- coaching and feedback on a practical homework assignment (writing a finance narrative report to describe the financial statements in a structured format)
- additional bonus materials beyond the 21 tools in the finance program - you receive 10 additional resources sent to you throughout the year
- ability to ask questions to the instructor during the 8-week program.
If you are not interested in the certificate or the ability to ask questions and receive feedback from the instructor, please consider taking the Nonprofit Finance non-certificate program instead. You can learn more about it here.
Yes, It Really Is Possible!
In Finance Masterclass for Nonprofit Leaders, you’ll gain confidence, skills, resources and knowledge in nonprofit finance.
Register Now
In The Next 2 Months, You Could…
- Finally feel more confident in nonprofit finance
- Receive the most comprehensive training in nonprofit finance in Canada
- Access 23 takeaway tools including guides, templates, checklists, work plans, terms of reference
- Receive 14 additional takeaway tools from ToolBox TWO
The right financial moves can make all the difference. We’ll cover it all in Finance Masterclass for Nonprofit Leaders.
CERTIFICATE
Finance Masterclass for Nonprofit Leaders
Are You Ready ?
This self-paced online program is designed to provide Canadian nonprofit leaders with in-depth training in nonprofit finance:
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On-demand self-paced lessons
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21 takeaway tools
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Certificate of completion
- Questions to the Instructor during the 8-week program
- Feedback on your draft financial narrative report
- One-year access
By the end of the program, participants will be equipped with the knowledge and tools to enhance their financial leadership skills, contributing to the resilience and strategic growth of their organizations.
Register NowWhat's the Curriculum?
MODULE 1
Foundations in Finance
Curriculum - Module 1:
- Learn about the finance responsibilities and functions of the board (Governance Finance)
- Learn the best practices and the role of the finance and audit committees including a suggested work plan
- Learn the role of the CEO / Executive Director and non-finance positions in finance
- Learn the role scope of the bookkeeper, accountant and finance functions
- Learn about the audit, the role of the auditor and the type of communications from the auditor
- Learn about the benefits of automating bookkeeping and accounting functions
- Learn about the Accounting Standards for Nonprofit Organizations including accounting terms and audited financial statement presentation methods
- Learn how to read and understand financial statements
- Learn the best practices in internal financial statement reporting
- Learn best practices in internal financial statements
Some of the Takeaway Tools Included with this Module:
- Example: Finance and Audit Committee Terms of Reference and Best Practices
- Example: Finance Committee annual work plan
- Example: Governance finance responsibilities
- Example: Finance, Accounting and Bookkeeping competencies
- Best Practices in Internal Financial Statement Reporting
MODULE 2
Financial Planning and Analysis
Curriculum - Module 2:
- Learn how to analyze financial statements
- Learn about the nonprofit business model and how to analyze and optimize it
- Learn best practices in budgeting and costing and the role of the non-finance manager in finance
- Learn best practices in the preparation of the proposed draft annual budget
- Learn about cash flow forecasting, costing, and scenario planning
- Learn about financial ratios and key performance indicators
- Learn how to conduct a semi-annual financial trend analysis (the ‘deep dive’ trend report) comparing revenue, expenses, surpluses, net assets over 3+ years
- Learn how to write a financial narrative that summarizes the financial statements, and that summarizes the state of the organization’s business model
Some of the Takeaway Tools Included with this Module:
- Guide: Budgeting and Costing
- How to Write a Financial Narrative
- Guide: How to Assess the Business Model
- Excel: Scenario Planning Example and Template
- Excel: Statement of Operations Example and Template
MODULE 3
Integrate Finance With Strategy
Curriculum - Module 3:
- Learn how to integrate finance with the strategic planning and annual budgeting process
- Learn how to develop a reserve strategy including the reserve policy and procedure
- Understand effective restructuring techniques
- Learn how to integrate financial planning with strategic planning
- Learn how to develop a financial plan for the organization
Some of the Takeaway Tools Included with this Module:
- Sample Reserve Strategy Policy
- Reserve Strategy Development Documents and Worksheets
- 20 Discussions Nonprofit Boards Should have About Finance
- Guide: Make Good Restructuring Decisions
- Guide: Integrating Finance with Strategic Planning
This Masterclass Is For You If...
- You prefer to take the program at your own pace.
- You feel that you were placed in a leadership role or a finance position without enough training in finance.
- You feel that you have sacrificed professional development dollars for other staff and now realize that you need professional development too!
- You if you thought you could leave it to the Director of Finance to figure out for you…but realize you can't or shouldn't.
- You want to feel more confident when speaking about nonprofit finance.
- You want to ensure that you have the training. you need to strengthen your role in finance.
- You want the opportunity to ask questions of the instructor in the 8-week program.
- You appreciate feedback from the instructor on your draft attempt of a financial narrative report (this is a practical exercise where you get to practice writing a financial narrative report or a report to describe the organization's business model!)
- **This program is only available for staff members of Canadian nonprofit organizations.
Executive Director, Evangel Hall Mission - ehm
Ainsley Chapman
The course was one of the single highest value training I've received in my leadership career. It shifted how I think about financial planning, and also provided ample tools I could use to apply this thinking. It allowed me to think across departments, and build capacity of departmental leaders/managers. It enabled me to plan 3-5 years ahead, not just annually. It increased my confidence and ability to meet with the finance committee of the board, and work as a team.
"The Finance Masterclass should be mandatory for all Executive Directors, CEOs and Finance Directors. I wish I had taken it 20 years ago!"
- Janet McCrimmon
CEO, Strides Toronto
" I am so pleased to begin the implementation of all that I have learned.
I highly recommend this program for all ED's and Finance Officers in the non-profit sector. It's life changing!"
- Roslynn Baird
Executive Director, Indigenous Diabetes Health Circle
"You will not find a more relevant finance training for nonprofits!
Betty is so knowledgeable and the tools and resources are invaluable."
- Gemma Dunn
Executive Director, ECVO