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):

Aug 04, 2017 - Aug 04, 2017 Eastern

Time:

9:00 AM - 4:30 PM

Location:

J.W. Marriott, Jr.–ASAE Conference Center / ASAE Building

1575 I Street, NW
Washington, DC 20005
United States

CAE Hours:

6

Levels:

Intro

Member Price:

$695.00

NonMember Price:

$895.00

Description

Access Pass Points: 14

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.

Even if you're not a "numbers" person, this program will allay your fears and allow you to shine in a room full of financial stars.

Time: Registration begins at 8:30 a.m.; program from 9:00 a.m.–4:30 p.m.

The Bottom Line is also available as a half-day program.

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 – 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 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. Debrief

  • Speakers

    • author image

      Robert Batarla, MBA, CPA, CAE

      Rob Batarla has held several positions including, Senior Auditor, Controller, Director of Finance & Administration and CFO in many different settings including public accounting, insurance and associations over the years. Currently, he is the VP, Finance and Business Development/Chief Financial Officer for the American Physical Therapy Association in Alexandria, VA, a national professional organization representing more than 81,000 members with the goal of fostering advancements in physical therapy practice, research, and education. Rob is also a licensed CPA in the state of Maryland. Rob obtained his BBA with a concentration in Accounting from the College of William and Mary and his MBA with coursework specific to non-profit and engineering management from Old Dominion University. Rob is also a former adjunct professor at The American University but still teaches classes for the American Society of Association Executive, where he sits on the Finance and Business Operations Section Council as the Chair. Additionally, he was a member of the AICPA's Exempt Organizations Expert Panel. Rob sits on the Board of Directors of Vpstart Crow, a professional theatre company in Manassas, VA as the group's Artistic Director.

  • Sponsors & Partners

    • A special thank you to our Strategic Partners for their continued support of this program.

  • Policies

    • Attendance cancellations must be received within five business days before the program begins. A $75 cancellation fee will apply. There are no refunds for cancellations received less than five days before a program. No-shows will not be refunded.