Nonprofit Board Education Series - Session 3: "Understanding & Assessing Financial Health"
Date and Time
Tuesday Oct 11, 2016
1:30 PM - 3:30 PM CDT
Tuesday, October 11, 1:30 - 3:30 p.m.
Location
Lakeshore Technical College
Lake Michigan Room (L260)
1290 North Ave.
Cleveland
Fees/Admission
Kohler Co. is sponsoring the series, making it possible for any board member or nonprofit staff person to attend free of charge.
Description
Session 3: "Understanding & Assessing Financial Health"
To truly be a financial leader, one must be financially literate. This session is designed to increase the financial literacy of by removing the jargon so they can read and understand financial statements. This session will dive deeper into understanding the differences between cash and accrual accounting, highlighting the importance of monitoring cash flow. We’ll also use the financial statements to calculate key ratios to assess both immediate and long-term financial health.
