A non-profit's financial health depends on its ability to monitor and assess its financial performance through tracking key indicators. To do this, organisations must maintain accurate records such as balance sheets, expense, and revenue statements that are necessary when preparing financial statements.
Financial reporting means giving outsiders access to your organisation’s financial information and status. This is necessary when fundraising and during program reporting.
In this module, we shall be discussing effective financial management with a focus on looking at financial analysis and reporting.