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Power in Numbers: Using Financial Statements for Strategic Decision-Making

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Foundation Center

32 Old Slip

24th floor

New York, NY 10005

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Check-in begins at 9:00am

Is your organization making informed strategic decisions? Possessing a stronger understanding of your existing financial data and its implications can help you plan for the future in a much more effective, realistic, and scalable way. In this half-day class, Paul Konigstein - Senior Consultant at Accounting Management Solutions (now CliftonLarsonAllen LLP) - will lead you through a series of exercises designed to show you how to leverage the financial information you already have to find the best solutions to the most common operational and strategic problems facing nonprofits.

Learn how to manage operations to a surplus, respond to expansion opportunities, grapple with a loss of funding, and evaluate partnership overtures from other nonprofits. There will be interactive opportunities to work through a case study with your fellow classmates, and lessons for how to use your financial data to respond to a variety of decisions. By the end of this session, you will know how to use your finance team as a strategic partner in achieving your organizational mission.

Unlock the power of numbers by learning to:

  • Calculate and apply financial metrics
  • Understand the uses, limitations, and application of financial statements for strategic decision-making
  • Understand the role of the budget to actual report in operational decision making
  • Select appropriate key performance indicators
  • Design a dashboard

Eligible for three CFRE credits (particpants must attend all three hours of the class to receive the full credit amount).

About the Instructor:

Paul Konigstein is a senior consultant at Accounting Management Solutions (now CliftonLarsonAllen LLP), where he helps nonprofits master finance and accounting. He specializes in making financial concepts understandable to non-financial nonprofit leaders to enable the strategic use of finance to achieve organizational goals.

Paul has over twenty five years of experience as a controller and Chief Financial Officer at arts, culture, education, and international development not for profits including the Metropolitan Opera, the New York Hall of Science, Helen Keller International, ArtsConnection, and the American Montessori Society. Paul is also chair of the Bridgespan NY nonprofit CFO Group and co-chair of the Financial Executives Networking Group not for profit special interest group. In addition, he is a mentor in the LeaderLink program, helping corporate financial executives transition to the not for profit sector.

He holds an MBA in finance from New York University and a BS in marketing from the Wharton School of the University of Pennsylvania.

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Foundation Center

32 Old Slip

24th floor

New York, NY 10005

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