Finance Masterclass for Nonprofit Treasurers
Online and on-demand lessons and tools
Summary
Course Purpose and Outcomes
Same lessons as the Finance Masterclass for Nonprofit Leaders PLUS 5 Treasurer specific lessons
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Course Purpose:
- Strengthen finance governance skills for Treasurer's and Finance and Audit Committees
- Strengthen finance leadership skills of nonprofit leaders
- Equip nonprofit Treasurer's and Finance and Audit Committee members with:
- Financial knowledge specific to the nonprofit-sector
- Skills
- Practical tools and templates such as Finance Committee Work Plan and Terms of Reference, Sample Treasurer position description, and many more.
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Outcomes for Nonprofit Treasurers:
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- Fulfilling their roles
- Empowering Finance Committees to fulfill their roles to the fullest
- Contributing to financial strategies
- Increased confidence
- Supporting the CEO/Executive Director in their role
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- **As a bonus, this Masterclass also includes the Finance Masterclass for Nonprofit Leaders, this allows the Treasurer to understand the standard and 'best practices' for financial leadership and management at an operational level. This insight is tremendously valuable for Treasurer's in their role.
Yes, It Really Is Possible!
In Finance Masterclass for Nonprofit Treasurers, you’ll gain confidence, skills, resources and knowledge in nonprofit finance to empower you in your role. This masterclass is only available for active Treasurers of nonprofit organizations.
ENROLL 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 25+ takeaway tools including guides, templates, checklists, work plans, terms of reference
The right financial moves can make all the difference. We’ll cover it all in Finance Masterclass for Nonprofit Treasurers.
CERTIFICATE
Finance Masterclass for Nonprofit Treasurers
You Are Ready ?
This 8-week comprehensive 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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25+takeaway tools
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Certificate of completion
- Questions to the Instructor during the 8-week program
- Treasurer specific lessons PLUS the full Finance Masterclass for Nonprofit Leaders lessons and takeaway tools.
- 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.
What's the Curriculum?
TREASURER'S MODULE
Nonprofit Treasurer Essentials
Curriculum:
- Learn about the role and responsibilities of the Treasurer
- Learn about the skills and qualifications for the Treasurer Position
- Learn which reports the Treasurer should deliver
- Learn which reports the Treasurer should review as part of their risk management role
Receive the following takeaway tools:
- Example: Treasurer Position Description/Profile
- Guide: Which reports the Treasurer should deliver and/or review
MODULE 1
Foundations in Finance and Accounting
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: Budeting and Costing
- Guide: 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
- Excel: Reserve Strategy Development Documents and Worksheets
- Checklist: 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 the Treasurer role without sufficient training in nonprofit finance.
- You are new or relatively new to the Treasurer role.
- You feel that the Finance Committee should be doing more, but you're not sure what.
- 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.
- **This program is only available for staff and board 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