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PAST WEBINAR

Understanding Not-for-profit Finances

About this event

Understanding financial reporting is key to good decision-making and complying with your overarching legal duties as a board member or officer of a not-for-profit.

In this practical webinar, we are delighted to be joined once again by Carol Tran from Accounting for Good, who will break down the ‘accountancy speak’, provide clarity, and empower you to understand your not-for-profit's financial reports.

We’ll cover:

  • Directors' financial responsibilities
  • Recent updates to financial reporting and disclosure requirements
  • An overview of cash vs accrual accounting
  • Top tips for reading financial reports, including profit and loss reports, balance sheets, and cash flow statements
  • The importance of internal controls, checks, and balances

You'll receive:

  • Opportunity to ask questions of the presenter
  • 75 minutes of plain-language training from a Chartered Accountant
  • Copy of webinar recording (available for 3 months) and slide presentation
  • Information on further resources and support

Who should attend:

Board/Committee members of not-for-profit organisations, and staff with responsibility for financial reporting, budgets, and compliance.

About the presenters

This webinar has passed. 

View our upcoming webinars here.

Carol Tran, Accounting for Good

Carol joined AFG in 2017 as an account manager and came from accountant roles in the commercial and business services space. She is a member of Chartered Accountants Australia and New Zealand. 

Carol is proud of the rigour, dedication, and thoughtfulness of service the AFG team provides every client. She values working with co-CEO Paula Chegwidden to ensure AFG is a leader in this space and that not-for-profit organisations have a provider they can confidently engage when they need accounting advice. 

“I love numbers and a well put together financial report. At AFG I’ve realised that what matters most is HOW we get the final figures; do our clients feel understood and cared for, and do the reports tell their story?” 

Kathy Tung, Accounting for Good

Kathy is a qualified Chartered Accountant with CFO experience in both the not for profit sector and public practice. She is an experienced and trusted pair of hands – taking care of the technical details so that change makers feel supported to focus on doing the work that drives them.

Her focus is on managing risks, stewarding clients through big decisions and streamlining processes to ensure reliable and useful information for clients. She has made an art form of using relatable analogies to demystify financial concepts. 

“I’m just so energised by the exciting things that people are doing out in the world and doing what I can to support them through that journey and empower them with their finances. When a client has that ‘Ah-hah!’ moment and all the pieces suddenly fall into place is so satisfying. 

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