The NFP Balance Sheet
Do you know what the Balance Sheet is telling you about the financial health of your NFP or community group? What does it tell you about its ability to continue to serve your community, and steps you can take to better understand and manage your organisations finances.
Whether you’re untrained in accounting, or are an experienced accountant, Professor David Gilchrist will be taking us through how to understand what the Balance Sheet is telling you about your organisation, as well as looking at the meaningful questions you should be asking.
Within a practical and easily understood format, this presentation is designed for board members, CEOs and managers, looking to increase their knowledge about the financials of the NFP Sector, and we’ll explore:
- What the Balance Sheet is, why it's important and the risks it helps to manage
- The key risk and methods of understanding and managing cash
- Decision making processes and planning for Assets Replacement
- Cash Flow Budgeting and Financial Planning for longer term needs
Professor Gilchrist will introduce attendees to free tools that can help manage your NFP.
Module 1: The Balance Sheet
- The Balance Sheet and Sustainability
- Balance Sheet Risks
- Ratio Analysis
Delivered on 19 August, 2pm - 3pm
Module 2: Cash
- Working Capital
- Profitability (Surplus)
Delivered on 16 September, 2pm - 3pm
Module 3: Asset Replacement
Delivered on 21 October, 2pm - 3pm
Module 4: Cash Flow Budgeting and Financial Planning
Delivered on 18 November, 2pm - 3pm
About the Presenter
David Gilchrist, UWA Business School Co-convenor, Not-for-profits UWA Co-convenor, Australian Studies Research Group
Over a career spanning 30 years, Professor David Gilchrist has held a number of senior roles in the Not-for-Profit, commercial and public sectors. Most recently, he held the role of Assistant Auditor General in Western Australia and, prior to that, he taught accounting and finance at the London School of Economics and Portsmouth University in the UK as well as at Curtin University and Edith Cowan University in Australia. He was Foundation Director of the Curtin Not-for-Profit Initiative for five years and held the position of Associate Dean of the School of Business at the University of Notre Dame Australia where he was adjunct professor of Not-for-profit Leadership.
Professor Gilchrist has published widely as an academic and journalist, and is a principal author of a number of key national reports including the seminal report 'Australian Charities 2013' for the Commonwealth Government and the Australian National Disability Costing and Pricing Framework (2014). He is co-author of 'The Three Sector Solution' (2016) published by Australian National University Press, author of 'Imperial Theory: Colonial Pragmatism' (2017) published by Palgrave Macmillan, co-author of 'Public Sector Accounting, Governance and Accountability: Experiences of Australia and New Zealand' (2018) published by Routledge and co-author of 'Designing Impactful Collaboration' soon to be published by Australian National University Press.
Date & Time
These series will be delivered online over 4 modules, one each month, from 2pm - 3pm:
- 19 August
- 16 September
- 21 October
- 19 November