The NEW Center
South Conference Room
1100 N Main St
Ann Arbor, MI 48104
Nonprofit Finance 101
This class offers training and resources to help you manage your nonprofit’s “double bottom line” – its mission and its margin – and provides tools to make more informed decisions that help impact your communities.
Nonprofit Finance 101 (formerly “Finance from the Beginning”) is a three hour, interactive session that covers the following topics:
- Foundational Accounting Principles
- What is accounting and why do I need it?
- Cash vs. Accrual Accounting – which am I looking at – and why does it matter?
- Debits and Credits – do they really have to be in balance?
- Assets, Liabilities, Revenue, and Expenses – what’s the difference?
- Key Financial Management Reports
- Statement of Financial Position (“Balance Sheet”)
- Statement of Financial Activities (“Income Statement” or “P & L”)
- CPA Audit vs. Review vs. Compilation – what’s the difference and which do I need?
- Essential Financial Oversight Tools – what are the top 5 to have in place?