Learning that matters to our members
CPB Canada provides industry-specific learning to keep you informed about industry updates, business best practices, accounting practices, and more! Take a look at our upcoming events below.
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Betcha, your bookkeeping training focused on the needs of commercial businesses. That’s great – but if you’re now working for nonprofit clients there are some differences it’s helpful to master. In this session, you’ll learn key vocabulary differences between for-profit and not-for-profit financial statement presentations and the rationale supporting these differences.
Our main topic will be a comparison of net assets to equity. You’ll learn why GAAP has developed two different presentation standards and how net assets presentation supports the distinct priorities and decision-making processes of not-for-profit organizations. You’ll explore the different components of net assets, learn how to calculate net assets invested in capital assets, distinguish between internally and externally restricted funds, and learn about endowment funds as a category within externally restricted funds. A clearer grasp will both support your effective working relationships with CPAs and equip you to provide superior support to your clients by helping them understand their statements and apply accounting information to financial management.
Speaker: Heather Young, CPB
Heather Clara Young, CPB (Principal, Young Associates) founded her company in Toronto in 1993 to provide bookkeeping, payroll, training, consulting and data management services to not-for-profits and charities, specializing in the arts and culture sector. Heather teaches accounting and financial management in Humber College’s Arts Management program and has taught for Humber’s Fundraising and Volunteer Management program and the University of Toronto’s Arts Management program. She was the 2012 recipient of the Sandra Tulloch Award for Innovation in Arts and Culture and a 2004 recipient of Humber College’s Continuing Education Award of Excellence for Outstanding Academic Contribution. Finance for the Arts in Canada (2005, 2023) is a unique self-study guide, reference source and textbook for the accounting and finance functions in cultural organizations. Heather’s experience includes leadership roles with arts and heritage service organizations, theatre and dance producing companies, facilities, festivals and community organizations.