By the end of the session, participants will be able to:
- Identify the key financial responsibilities of board members
- Enumerate key accounting principles that nonprofit boards must understand and promote
- Develop a basis for assessing your agency’s financial health
- Understand the principles of effective nonprofit budgeting
- Recognize the elements of an effective financial communications plan.
Follow-Up Focus: Determine whether your agency utilizes key accounting principles, has procedures to assess your nonprofit’s financial health and has an effective financial communications plan. Ensure that all board members understand and practice the “prudent person principle.”