Understanding Financial Statements

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Thursday, October 25th, 2018
5:00 PM to 8:00 PM

As a board member you’re responsible for understanding their organization’s financial status. The annual financial statements are an important tool to support this understanding. Many board members are hesitant to admit they don’t fully understand what these statements mean and how to read them. This workshop will walk you through a complete set of year-end financial statements to guide you to a more robust understanding of your organization’s financial position. We’ll cover key reports, terminology, working with an accounting firm, types of engagements (audit versus review), key-note disclosure and ways to improve readability.

Facilitator: Susan Lucato, CPA, CGA

Born and raised in Victoria, Susan has over 25 years experience the fields of accounting, financial management and public speaking. She spent 14 years with Grant Thornton Charted Accountants, as a Senior Manager in their Independent Business Group working with non-profits and owner-managed small businesses. In 2002 she became the Finance Director for the Victoria Foundation and in 2011 she opened her own financial consulting practice specializing in non-profit and small business work. She is a sought-after presenter in the areas of internal financial controls, budgeting, financial best practices and how to work with accountants and treasurers.