Understanding Money Matters for Non-Profit Leadership
Understanding Money Matters is a three-part workshop, or learning lab, developed, and facilitated by the Indigenous Perspectives Society (IPS), a social enterprise offering specialized training to help foster a deeper understanding of Indigenous perspectives, cultural differences, and the need for self-determination. Vantage Point is pleased to host this IPS workshop virtually in 2024 to widen access to this financial management training to non-profits across BC.
You are an ideal candidate if you:
- Identify as a senior staff member at a non-profit organization.
- Are looking for a refresher of financial concepts that are relevant to your organization?
- Consider yourself a beginner around financial literacy and want to explore the connection between money and governance.
- Would like to learn in a way that embeds Indigenous ways of knowing and culture.
Program Outline
This 3-day lab offers training to support strong leadership, accountability, and good governance for leaders. You will be provided with an overview of financial elements that all non-profit leaders should know, to ensure their organization remains financially healthy. The training will increase your knowledge of overall financial management and accounting processes.
Program Details
Bursary Application Deadline: 1 month before course start date
Location: Online/virtual
Cost: $599 non-member/$539 member
Program Schedule
- Tuesday, January 30, 2024; 9am – 12pm
- Tuesday, February 27, 2024, 9am – 12pm
- Tuesday, March 26, 2024, 9am – 12pm
Program Topics
Day One
- Difference between Charity, non-profit organization, and corporation
- CRA rules and regulation
- Understanding of Risks
- Understanding of finances
- Accounting principle
- Accounting method
Day Two
- Fundamental of Financial statements
- Assets
- Liabilities
- Equity (net assets)
- Statement of operation
- Statement of Financial Position
- Depreciation
Day Three
- Budget
- Preparing budget
- Budget and organizational rules
- Break down the budget
- Internal control
- Audit committee
- Audit
Learning Outcomes:
- Understand the differences between charities, non-profits, and for profits.
- Gain awareness about how to maintain charitable status.
- Learn about accounting basics, internal controls, cash flow, liability, depreciation, and risk management.
- Prepare and work with budgets and audits.
Facilitator
Zhila Alizadeh – Borji, BBM
Zhila joined the Society in April 2011. Zhila is a Persian woman, a mother of a beautiful daughter and a proud aunt. Born and raised in Iran, she graduated from the University of Tehran with a degree in business, level 4 of Certified General Accountant, and planning to obtain her Certified Aboriginal Finance Manager. She worked in a variety of financial management positions in Tehran. She moved to Canada in 2001 and has been employed since that time in similar environments. She is very pleased to have the opportunity to work with Indigenous Perspectives Society. She has many passions which include artistic endeavors, family values, and her work. She believes in the passion that is demonstrated by the Society in the work they do and for this, she has been very appreciative to be a part of that passion and to work for such a dynamic team!
