Events

When:

Friday, February 8, 2019
1:00–4:00 p.m.

Where:

Hudson Valley
 
 
Tagged: Adelphi University

Understanding Financial Management

Adelphi University


With Nyrekia Mayers, BS Ed., MBA

Understanding key concepts in financial management and reporting is critical for any nonprofit manager. This course is designed to enhance participants’ understanding of financial management principles and processes that must be in place, given their roles as managers and the need for everyone to maintain effective internal controls within their departments and the organization. The course will increase participants’ knowledge  and understanding of:

  • Fiscal, budgetary and financial planning issues as they pertain to their departments and organizations; and
  • How financial data is organized, reported and used to make decisions.  
This Hudson Valley event is only open to those who have registered for the Excellence in Nonprofit Management Certificate Program.

Learning Objectives:

Participants will develop the ability to:

  • Create and manage budgets that address the needs and plans for their program/department.
  • Effectively communicate with organizational leadership and finance professionals regarding financial decisions being made for their departments/areas and in their organization.
  • Interpret and assist in the development of financial statements and tracking systems; and
  • Report on the financial condition and outlook of their programs or departments.

Topics:

  • Budget planning and management.
  • Developing and using effective accounting processes, financial policies, and  internal controls to manage risk.
  • Functional expenses – What managers need to know about classifying and allocating their program and department expenses and changes in FASB rules.
  • Financial reporting:
  • What types of financial reports does our organization generate and use; and
  • How to interpret and share information related to the organization’s financial reports.
  • The audit and 990 Processes – What; why; and interpreting the results.

 


Nyrekia Mayers, BS Ed., M.B.A. has over twenty years’ nonprofit executive and director-level experience in the areas of Financial Management, Operations, Human Resources, and Fund Development. Nyrekia has designed and directed the Finance and Operations Department of a multi-site national nonprofit organization and, as a consultant, she has assisted client organizations’ Executive Directors/CEOs and Department Managers in developing and implementing their organizations’ business models, lines of business, and operations.

She has reconstructed fiscal records in preparation for audits at client organizations; managed funding and resource development, tracking grants and producing financial reports for interim and final grant updates; and she has directed all of the finance and human resources related tasks involved in the merger of two national nonprofit organizations and related tasks in the closing of a national nonprofit organization. These tasks included negotiating employee severance, overseeing tax filings and final audits, negotiations with vendors, closing out all operational accounts, and providing technical assistance on establishing and maintaining operational systems and internal controls.  

Nyrekia has an M.B.A, a Masters in Human Resources Management, and a Bachelors in Education with a minor in Social Work.


For further information, please contact:

Diane Wunderlich
Program Coordinator
Center for Nonprofit Leadership. Adelphi University
School of Social Work, Room 240
p – 516.877.4415
e – dwunderlich@adelphi.edu

Joanna Suppa, LCSW-R
Coordinator, Continuing Education and Professional Development
School of Social Work, Room 237
p – 516.877.3216
e – jsuppa@adelphi.edu

 
Tagged: Adelphi University