Effective Financial Management for Non-profits

• What is financial management, accounting, responsibility
• Financial controls
• Aspects of a financial policy
• Budgeting
• 4 types of budgets
• 5 stages in drawing up a budget
• The budgeting checklist
• Developing a financial strategy
• Monitoring your finances
• Reporting to donors
• The external audit
• What documents auditors require
• The audit report
• The director’s narrative report
• The balance sheet
• The Income and expense statement
• Notes to the audit statement
• Review of your annual financial statements -  a checklist