7 min

Financial Governance for Not-for-Profits Not-for-Profit on Purpose

    • Non-Profit

Is Financial Governance something unique to the NFP space? No, but it is needed, and it’s very obvious when an NFP doesn’t have it in place. Financial reports left to organically grow, can turn into lot of reports. This is something that is very painful to deal with at a Board level, so how do we turn these excessive reports into good governance? I’m not talking accounting specifically, it is about having knowledge of these aspects and lifting what are “normal” accounting processes, into...

Is Financial Governance something unique to the NFP space? No, but it is needed, and it’s very obvious when an NFP doesn’t have it in place. Financial reports left to organically grow, can turn into lot of reports. This is something that is very painful to deal with at a Board level, so how do we turn these excessive reports into good governance? I’m not talking accounting specifically, it is about having knowledge of these aspects and lifting what are “normal” accounting processes, into...

7 min