Ashley Voss (Sessions A, C)
From integrated accounting software and mobile expense reporting, to cloud-based systems and remote deposits, the operating environment is changing. However, the need for strong internal controls is not. In this workshop, we will update your understanding of a successful internal control system, learn how to design and implement it, and discuss ways to craft advanced internal controls.
So, you’ve designed and implemented an internal control system. Now, how do you measure its effectiveness? In this workshop, we will learn techniques for measuring the effectiveness and mitigate the weaknesses of your internal control system, and discuss what’s next after you’ve successfully designed and implemented an effective internal control system.
With many areas of the economy still struggling, the need for financial assistance continues to grow in our communities. Whether the need arises from unemployment, a health crisis or an unforeseen natural disaster, our communities routinely look to the church for emergency provisions. In order to maximize the effectiveness of the available resources, it is necessary to have a well thought out benevolence program that can be clearly communicated to the recipients as well as efficiently administered by the church. This session will explore the factors to consider in creating a benevolence policy along with ways to implement and operate a benevolence program.
Few areas of administration cause greater concern and frustration than the area of payroll processing and reporting. This workshop will identify some of the traps as well as provide a few tips and tricks to mastering this important area of administration.
This workshop will provide a better understanding of the difficulties to plan for and avoid in the areas of compensation as well as conflicts of interest. Your participation will allow you to 1) be better equipped to develop a compensation philosophy with specific goals, 2) understand the components of an effective conflict of interest policy, and 3) identify the key practices for handling conflicts of interest.
This workshop is intended to provide those outside the day-to-day financial operations with information on how to better read and understand the numbers as it relates to their areas of leadership. You will learn to 1) understand the basic financial statements and the related information they convey, 2) identify key financial indicators for a ministry, and 3) improve communication with those in the finance department.
In August 2016, the Financial Accounting Standards Board released the most sweeping changes to Nonprofit Organization reporting in 20 years. The purpose of the new standard is to provide more transparency and comparability to assist donors and decision makers in analyzing the financial health of an organization. Attendees will receive an overview of the new requirements, examples of new liquidity and cash management disclosures, and best practices for implementation.
What should a good chart of accounts look like? Many times, what served your organization well when it was smaller has become outdated and cumbersome as you have grown and ministries have changed. Is it time to consider making a change? How radical of a change should be considered?
This workshop is designed to give you time-tested, practical, and relevant information. Included are chart and graph illustrations that teach you how to develop data trends from your financial records. These trends can be used to better guide you in decision making and tell a story of where you have been, where you are today, and where you are headed financially. Attendees will leave with a working knowledge of financial charts, trends, forecasting, and budgeting.