Abstract
This resource is presented in such a way that those without accounting training are able to consider the material and ask
questions of their CEO, financial support staff, advisors and others in a meaningful way. Organisations have different levels of
support resources available to directors. It is up to directors to decide whether they have the skills and experience necessary to
act effectively in that role. We do not consider this point in this resource and it may be appropriate for readers to obtain advice to
ensure they understand their organisation’s finances properly. As such, the objective of this resource is four-fold:
1. To describe the purpose, nature and governance frameworks associated with balance sheets in the context of not-for-profit
organisations;
2. To present this material in a manner accessible to people who are untrained in accounting;
3. To identify a number of key risks inherent in balance sheet management and describe a set of questions that directors and
CEOs might find useful in determining how these concepts apply to their organisation; and therefore,
4. To provide a starting point for the directors and CEOs to consider their organisation’s balance sheet and to provide a set of
key questions that may assist these people in that consideration.
questions of their CEO, financial support staff, advisors and others in a meaningful way. Organisations have different levels of
support resources available to directors. It is up to directors to decide whether they have the skills and experience necessary to
act effectively in that role. We do not consider this point in this resource and it may be appropriate for readers to obtain advice to
ensure they understand their organisation’s finances properly. As such, the objective of this resource is four-fold:
1. To describe the purpose, nature and governance frameworks associated with balance sheets in the context of not-for-profit
organisations;
2. To present this material in a manner accessible to people who are untrained in accounting;
3. To identify a number of key risks inherent in balance sheet management and describe a set of questions that directors and
CEOs might find useful in determining how these concepts apply to their organisation; and therefore,
4. To provide a starting point for the directors and CEOs to consider their organisation’s balance sheet and to provide a set of
key questions that may assist these people in that consideration.
| Original language | English |
|---|---|
| Place of Publication | Perth |
| Publisher | The University of Western Australia |
| Pages | 1-31 |
| Number of pages | 31 |
| Publication status | Published - 6 Aug 2020 |