Original Broadcast Date: October 12, 2023.
Summary: What’s a balance sheet, income statement, and statement of cash flows and why should you care? During this webinar, Enkel conducts a detailed walkthrough of financial statements and talks through accounting fundamentals like cash-based accounting versus accrual accounting, Generally Accepted Accounting Principles (GAAP), and Accounting Standards for Not-for-Profit Organizations. Enkel also covers different types of revenue recognition and why it’s important to NPOs. If you are running or working at a Not-for-Profit Organization and have been intimidated by financial statements, this is your opportunity to get up to speed.
Learning Objectives:
- The core financial reports and how to use them.
- Cash-based accounting versus accrual accounting.
- Revenue recognition and why it’s important to NPOs.
Webinar resources
Download the Free Guide: Financial Statements, Contribution Revenue Recognition, and Restricted Funds
Download the Slide Deck
Nonprofit Bookkeeping Services
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Webinar recording
About the presenter
Omar Visram, CPA, CA – Co-Founder & CEO
Omar Visram, CPA, CA, is the Co-Founder and CEO of Enkel Backoffice Solutions, which he founded in 2016. For over 15 years, Omar has been active in the Canadian taxation, strategic planning, audit advisory, and finance operations disciplines within senior roles at KPMG and BCAA. Prior to founding Enkel, Omar worked to launch BCAA’s Evo car-sharing business by managing the fleet operations and customer experience teams from launch to full-scale operations. Omar holds a BBA from Simon Fraser University and is a qualified CPA, CA.
Christine Kecser – Controller, NPO Division
Christine Kecser is the Controller, NPO Division, at Enkel Backoffice Solutions. Prior to joining Enkel, Christine was very active in the nonprofit accounting and audit sector in Ontario where she was an accounting professor at the School of Business at Conestoga College, a leadership finance coach and consultant, and Executive Director at Cambridge Shelter Corporation. Christine brings over 30 years of finance and bookkeeping experience to the table and is passionate about the Nonprofit sector and helping organizations better manage their finance and operations. Christine holds a BAcc from Goodman School of Business at Brock University.
Shirley Wolff, CPA, CA – Senior Controller
Shirley Wolff is a Senior Controller at Enkel Backoffice Solutions, heavily focused on NPO clients. Prior to joining Enkel, Shirley served as an audit partner with a focus on the government, not-for-profit and financial services sectors. Shirley led Deloitte’s audit and assurance services to public sector and not-for-profit organizations in BC for 8 years and advised her clients on the adoption of new accounting standards, accounting for complex transactions, risk management and improvements to internal controls. Shirley is a CPA and CA and brings more than 25 years of experience to her role at Enkel. She is the Treasurer for PLEA Community Services of BC, a member of the finance committee of the Minerva Foundation for BC Women, and a board member for North Lonsdale United Church.
“This was a great free webinar. I appreciate all that CharityVillage does to educate and support nonprofits.“
– Past CharityVillage Webinar Participant