Feb 21, 2020 - Feb 21, 2020
9:00 AM - 4:30 PM
1575 I Street, NW
Washington, DC 20005
CAE Credits: Registrants will earn a maximum of 6 CAE credits.
The Bottom Line is designed for non-financially oriented individuals, employees with new budgeting responsibilities, or people who are just looking to broaden their scope of knowledge.
You will start the day by learning or reviewing the basics of financial information and going over key terms and concepts so that the next time someone is talking about finances, you'll know what they're talking about instead of having your eyes glaze over. By the end of the morning you'll feel comfortable throwing around terms like revenue, accrual accounting, and cash flow.
Then you get to put your financial acumen to the test! Through the fun of a traditional board game, you will apply concepts like budget and risk management, financial reporting, and decision making. Working with a team of fellow program attendees, you'll take on the staff roles for a fictitious association. The game will take you through one year in the financial life of this organization, and with each turn you'll make decisions and deal with the financial implications of your actions (or inaction). At the end of the day you'll leave with a more tangible understanding of the financial terms and concepts that are essential to nonprofit management.
The 2/21 Bottom Line is also available as a half-day program.
This program is customizable for staff and board trainings. For more information, please contact ASAE Learning at [email protected]
8:30 – 9:00 a.m.
9:00 – 10:00 a.m.
Basic Accounting Concepts
10:00 – 11:00 a.m.
Programmatic vs. M&G
Restricted funds, reserves
11:00 a.m. – 12:00 p.m.
Reading Financial Statements
Cash flow and investments
12:00 – 12:30 p.m.
12:30 – 4:00 p.m.
The Bottom Line: The Finance Game
This is a board game played by three separate teams. Each team creates a fictitious association, takes on the staff roles, establishes target metrics, and plays out one year in the financial life of their organization. Concepts learned during the morning session are brought to life as each team must deal with circumstances that arise and the consequences of the decisions they make during the game, all while appropriately recording all transactions, closing out the monthly and quarterly financials, and keeping the organization’s goals in mind.
4:00 – 4:30 p.m.
Our goal is to provide truly exceptional offerings and service, and we won't be happy until you are. If any programs, products or services of ASAE do not fulfill our promise, we will make the situation right.
Cancellation, Refund & Substitution Policy
Submit all requests to ASAE Registration via email at [email protected] All registration cancellations and refund requests must be made in writing by February 14, 2020 to receive a full refund, less a $75 administrative fee. Refunds cannot be approved for requests received after this date, to include no-shows. Substitutions are gladly accepted at any time. Badge sharing, splitting, and reprints are strictly prohibited.
Event Cancellation or Postponement
ASAE reserves exclusive right to modify, postpone/reschedule or cancel programs for any reason, including but not limited to emergency, inclement weather or other ‘acts of God’. If there is an event cancellation, every attempt will be made to reschedule, and registration fees will be applied to the rescheduled event date. Any travel, lodging, or incidental expenses incurred related to a cancelled event cannot be refunded under any circumstances. If a cancelled event cannot be rescheduled, ASAE will determine an equitable basis for the refund of a portion or all of the registration fees, after due consideration of circumstances and expenditures.
Consent to Use of Photographic Images
Registration and attendance at, or participation in, ASAE meetings and other activities constitutes an agreement by the registrant to the use and distribution of the registrant or attendees’ image or voice in photographs, videotapes, electronic reproductions and audiotapes of such events and activities by ASAE and other third parties, including but not limited the venue, the host city and the host CVB.