Financial Analysis Fundamentals for Not-for-Profits

• Provide an overview of the accounting records, accounting concepts and principles upon which financial statements are based and outline the four primary financial statements and how they are linked together in explaining the financial position of a Not-for-Profit entity.
• Examine some of the specific reporting obligations for Not-for-Profit entities compared to a for profit entity.
• Understand the application of accounting standards, International Financial Reporting Standards (IFRS), accounting policies, accounting treatments and key areas of judgment and estimates being used in the preparation of financial statements of a not-for-profit entity.
• Build confidence to question management or the auditors about an NFP entity’s financial statements, assess the presentation and adequacy of disclosures, and whether any matters have not been disclosed and should be included in the accounts.

Section A – Governance Principles

• What is a not-for-profit organisation
• Purpose and use of financial statements
• Legal structures
• Regulatory framework governing financial reports
• Framework for the preparation and presentation of financial statements
• Standardised financial statements and mandatory compliance with accounting standards
• Accounting policies and principles

Section B – Professional Practices

• Structure and content for the presentation of financial statements
• Statement of profit or loss and other comprehensive income (SOCI)
• Statement of Changes in Equity (SOCIE)
• Statement of Cash Flows
• General purpose versus specific purpose financial reporting
• Centro case summary

Section C – Personal Thinking

• Case study: Science for Wildlife Ltd and Penrith Rugby League Club Limited

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A short course is assessed as follows:

• A final quiz (multiple choice, achieve 75% to pass, unlimited attempts).
• A short case study written response (suggested answers are revealed for reflection).
• Knowledge checks are included as you progress through the course material (these are not assessed).
• See the Assessment Rules for further information.

We provide specialised in-house training to organisations who want to train large groups of staff.

What are the benefits on in-house training?

• Train large numbers of staff.
• Participate in customised training that caters to the needs of your staff and your organisation’s business objectives.
• Invite and engage with your key clients, suppliers and contractors to ensure you’re working together with the same knowledge.

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