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Making Sense of Financial Statements
Non Government Organisations

Department of Ageing, Disability and Home Care
Delivered by Matrix On Board

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below for more details

Financial reports are the communication to managers and stakeholders about the history of earning and spending, and about the value of what is owed and owned. Reports can explain how viable an organisation is. How can its future be sustained and its mission fulfilled with the resources it has available?

Truly valuable information can give staff, funders and consumers a confidence in the organisation’s ability to provide services into the future, and also to alert decision makers about areas that warrant action.

DADHC is pleased to offer a range of workshop opportunities to assist funded services, particularly small-to-medium non-government organisations, to better understand the concepts and applications of the accounting and financial life of their organisation.

These workshops are specifically designed for NGOs funded by DADHC, and to enhance the financial literacy skills of managers in these services. (DADHC is developing another program for management committee members, who are encouraged to wait for the announcement of the series designed to meet their needs.

Level 1 Learning Outcomes
The terminology used in financial reports and accounting for Not for Profits (NFPs);

The difference between the principles of accrual and cash accounting and where these concepts are used appropriately in financial management;

The format and value of income and expenditure reports, budget reports and balance sheets, and their essential elements and relationships;
Clarify the terminology used in and elements of a financial statement (e.g. asset, liability, equity, income and expenditure);

Improved financial literacy amongst decision makers in DADHC funded organisations;

Know the impact of changes to income and expenditure, assets and liabilities on the organisation’s financial viability;
Understand the elements of the auditor reports, what is their role, and how can organisations establish effective working relationships with auditors;

Address the compliance and contractual obligations that impact on financial statements and reporting.