“Understanding Nonprofit Financial Statements” shall include an overview of the differing types of financial statements a nonprofit executive and board member should expect to see. These statements differ based on the complexity of the organizations funding streams, program expenses and size of budget.
Some examples of financial statements to be reviewed include:
- Operating/Capital Budgets
- Comparison of budget to actual report
- Cash flow report
- Balance sheet report
- Statement of Functional Allocations
- General Ledger reports.
This session will answer the following questions: What are the differing types of audit reports? How do we read them? What types of reports should be expected on government grants, private foundations, pledges, and other nonprofit activities?
Understanding Nonprofit Financial Statements will be presented by Shelly Hammond, Vice-Preseident and leader in the Allen, Gibbs and Houlik (AGH), L.C. Public Sector Team and Andrea Willems, Senior Associate in the Assurance Department at AGH, L.C.
Shelly Hammond specializes in serving governmental and not-for-profit clients of all sizes. She is a vice president and leader of AGH’s public sector team. Ms. Hammond received her bachelor of science in business administration and a master of accountancy both from Kansas State University. During the course of more than a decade with AGH, she has also served banking, manufacturing and distribution clients.
Ms. Hammond is a certified public accountant and a member of the American Institute of Certified Public Accountants and the Kansas Society of Certified Public Accountants. She serves on the finance committee for the Independent Living Resource center and serves as Treasurer on the Board of the Community Advisory Council for Wichita Children’s Home.
DATE: February 16, 2012
TIME: 6 PM – 7:15 PM
LOCATION: TBA
REGISTRATION COST: $15 for NPCOS Members/ $60 for Non-Members
Registration form for Understanding Nonprofit Financial Statements
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