The Bottom Line: Finance for the Non-Financial Manager - Full Day

The Bottom Line: Finance for the Non-Financial Manager - Full Day

Event Information

Date(s):

Oct 12, 2018 - Oct 12, 2018

Time:

9:00 AM - 4:30 PM

Location:

1575 I Street, NW
Washington, DC 20005
United States

CAE Hours:

6

Member Price:

$695.00

NonMember Price:

$925.00

Access Points:

14

Description

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 that even former humanities majors need to understand in order to succeed in thriving organizations. By the end of the morning, you'll feel comfortable engaging in conversations involving 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 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 better understanding of the financial terms and concepts that are essential to nonprofit management.

This program is customizable for staff and board trainings. For more information, please contact Sharon Rauch at [email protected].

  • Agenda

    • 8:30 – 9:00 a.m.
      Registration

      9:00 – 10:00 a.m.
      Basic Accounting Concepts
      Double-entry bookkeeping
      Assets, liabilities
      Financial statements
      Internal reporting
      Auditing

      10:00 – 11:00 a.m.
      Nonprofit Accounting/Finance
      Revenue streams
      Programmatic vs. M&G
      Restricted funds, reserves

      11:00 a.m. – 12:00 p.m.
      Reading Financial Statements
      Budgeting
      Key metrics
      Board presentations
      Cash flow and investments

      12:00 – 12:30 p.m.
      Networking Lunch

      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 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, 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.
      Debrief

  • Speakers

    • author image

      Robert Batarla, MBA, CPA, CAE

      Rob Batarla is vice president, finance and business development, and CFO for the American Physical Therapy Association. He has held several positions—including senior auditor, controller, director of finance and administration, and CFO—in many different settings, including public accounting, insurance, and associations. A licensed CPA in Maryland, Rob has a bachelor’s degree in business administration with a concentration in accounting from the College of William and Mary. He holds an MBA, with coursework specific to nonprofit and engineering management, from Old Dominion University.

  • Policies

    • Our Guarantee

      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 October 5, 2018, 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.