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Leadership Institute - Financial Best Practices
CE Credit(s):
1
Member Price:
$0.00
Retail Price:
$69.00

Description
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Description:

This course will take participants through the core elements of financial stability from establishing internal controls to the importance of financial reports and dashboards.  Focus will be given to budgeting best practices including tools for linking strategic goals and objectives to budget.

Learning Objectives:
  1. Understand and put in place internal financial controls
  2. Understand the importance of planning for budgeting
  3. Become familiar with a budget dashboard and its importance
  4. Identify revenue sources and determine if further diversification is needed for financial stability
  5. Understand two important financial policies
  6. Introduce dashboards as important management tools
  7. Understand the importance of cash flow reporting
Abstract:

This course will take participants through the core elements of financial stability from establishing internal controls to the importance of financial reports and dashboards.  The course covers budgeting best practices including tools for linking strategic goals and objectives to budget.  Attendees will learn about diversified revenue streams and be able to determine if further diversification of their association’s revenue sources is needed.  This course links to the Finance Toolkit, Policies Toolkit and Financial Stability Recipe for Success available through the ADA Leadership Institute and complements the online course; Revving your Association’s Revenue.

Outline:
  1. Elements of Financial Stability
  2. Financial Controls
  3. Budget Best Practices
    1. Sample Budget
    2. Budget dashboard
  4. Revenue diversification
  5. Risk Management and Financial Policies
  6. Financial reporting
  7. Financial dashboards
  8. Importance of Cash Flow Reporting