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Financial Literacy for Board Members

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Having the Confidence to Fulfil the Numbers Part of a Board Member’s Fiduciary Responsibilities

Nonprofit board members know their organization must be financially healthy to do the most good, but some people find financial statements hard to decipher. However, board members of nonprofits need to know basic accounting in order to fulfill their fiduciary responsibilities. Holding management accountable is a crucial responsibility of the board. Knowing which KPIs and trends to track can help keep the nonprofit on track. Nonprofit board members need to invest the time to be able to ask probing questions of management and the auditor to fulfill their responsibilities.

Melisa Galasso

Melisa Galasso

Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in accounting, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. Melisa is a Certified Speaking Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), and AICPA Council, and is the Chair of Girls on the Run Greater Charlotte’s Advisory Board. She previously served on the AICPA’s Technical Issues Committee (TIC), and the VSCPA’s Board of Directors, and is a past Chair of the NCACPA’s A&A committee. Melisa is the author of Money Matters for Nonprofits: How Board Members Can Harness the Power of Financial Statements by Understanding Basic Accounting.

For more information, go to https://galassolearningsolutions.com/

 

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