Financial Series: Introduction to Financial Statements

Tuesday, February 14, 2023 -
10:00am to 12:00pm EST
Virtual Meeting - Register by 2/13
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The Program

In this primer to the Financial Series, participants will get a peek into how a grantee assembles the financial statements and the stories they tell. It is a broad overview for all newcomers who must work with nonprofit organizations’ financial statements to assess financial health.

Who should attend?

Funders with less than two years of experience in the field – program-officers, CEOs, and other staff, as well as trustees. It is also recommended for experienced grantmakers seeking a refresher in the basic financial tools of grantmaking.

What will you learn?

Upon completing this session, participants will be able to:

  • Understand the basic components of the financial management function
  • Define the building blocks of financial statements: transactions and accounts (assets, liabilities, net assets, revenue and expenses) 
  • Explain the difference between internal and external financial reporting
  • Explain the purpose of an audit and the audit process
  • Define the four basic parts of an organization’s audited financial statements (e.g., balance sheet, activities statement, cash flow statement, statement of functional expenses, and footnotes)


What else should you know?

The PNY Core: Financial Series is a set of perennial programs at Philanthropy New York that help funders understand how to assess organizational health through financial analysis. Designed for philanthropy professionals in any role, from trustee to staff, these interactive offerings help funders build their skills to analyze grantee financial documents. 

If you’re interested in this session, you might be interested in one or more of the following in the PNY Core: Financial Series:

* Financial Series: Intro to Financial Statements is a prerequisite for those who are new to assessing finances. The four-part Interpreting Financial Statements curriculum requires a basic understanding of both documents. 


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