Finance training customised for nonprofits | Usha Menon Management Consultancy

Transparency and accountability are the pillars for you to gain the trust and confidence of your funders, be it venture philanthropists in social enterprise or donors to charities. With a sound financial strategy, your organisation can ensure sustained service delivery and aim to achieve financial autonomy.

Understand your budget
Manage your cash-flow
Build your reserves and investment

Our training for financial management is filled with practical tips, to enable participants to deep-dive into governance and financial stewardship issues.

The trainings are customised for a wide-range of participants across Asia, including parlimentarians, family foundations, charities and social enterprises. Our trainings are designed with local subject-matter experts to help participants understand the nuances of nonprofit financial management, which has realities not know in the commercial/for-profit world.

The Honorary Treasurer as an ‘office-holder’ among the charity trustees is a very important role. While financial matters are the responsibility of all trustees, it is often the Treasurer and the recommendations of the Finance sub-committee that the other trustees look to on the charity’s financial management and reporting. Hence it is important for those in the finance sector to be aware of the nuances of charity finance and step up their capabilities on charity boards and as auditors in this sector.

Charity accounts have some major differences that will seem odd even to trained accountants. Nonprofit Board members, senior leaders and finance department staff need to be aware and learn the difference between charity and business financial management.

“I see full-cost recovery and fund accounting as partners that can go hand in hand. When you have a clear picture of your costs, your funds, you can have better control and better governance. You can be a more effective organisation with a wider and deeper reach to your stakeholders.”

“We will apply the stronger framework learnt during this course. We will set up the investment committee with a well-written policy statement. Define clearly the investment objectives, which must
fit in with the overall strategy and budget. Determine the amount to be invested, with considerations to risk, reward, time-frame
and liquidity.”

~ Participant at the Reserves and Investment course.

“The training helped me understand the importance, understanding and definition of full cost recovery. It takes an investment of time in order to thoughtfully implement full cost recovery across an organization.”

~ Participant of Full Cost Recovery course.

“I understood the importance of accountability in budgeting. Having an organised budgeting process, a regular health check of the budget is responsibility of all program leads. The ownership of the budget is not only with Finance.”

~ Participant of Budgeting and Cashflow Management training.

Developing a sustainable funding model

Developing a sustainable funding model.

Developing a sustainable funding model

Social Links

Contact

Search

Developing a sustainable funding model

Developing a sustainable funding model.

Developing a sustainable funding model

Social Links

Contact