Navigating Nonprofit Financials: A Board Member's Guide to Reporting

Financial reporting transparency and accountability helps to support your organization's mission and goals. This on-demand session is designed to equip board members with essential knowledge to oversee nonprofit financial management. Learn how to read financial statements, gain insights into new revenue recognition standards, and understand the management and reporting of restricted funds.

At the end of this video, you’ll be able to:

• Identify the key components of nonprofit financial statements, including the Statement of Financial Position, Statement of Activities, Statement of Functional Expenses, and Statement of Cash Flows.
• Recognize the new revenue recognition standards and related risks, as well as the internal control and disclosure requirements.
• Recall whether certain revenue transactions are contributions or exchange transactions.
• Describe how to manage and report restricted funds, including donor-imposed restrictions and how they dictate the use and timing of funds.

Who should watch

This session is designed for finance teams, management, executives, and board members of nonprofit organizations.