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LV Board Skills Builder:

Understanding Financial Statements

Spring 2014

Program Overview:

Not for Profit organisations are not primarily focused on making profits, however, if their finances are not well managed, they are in as much danger as commercial businesses of becoming insolvent and failing.

The majority of board members aren't accountants but the need to understand the financial position of the organisation is fundamental to being able to make the right decisions. Leadership Victoria's workshop will enable you to:

  • Understand the fundamentals of financial reports
  • Learn how to read a balance sheet, profit and loss and cash flow statement
  • Understand the difference between cash accounting and accrual accounting
  • Understand the terminology used in financial statements
  • Develop confidence in communicating with financial specialists eg auditor, treasurer


Program presenter: Cherry Birch

Cherry Birch is an experienced and skilled executive and board finance facilitator, and has worked with organisations such as Australian Institute of Management, China Light and Power (Hong Kong), Texas Instruments and World Wide Fund for Nature.

Duration: 4.5 hour workshop including breaks

For: New or prospective board members with limited experience in reading and understanding financial reports

Fee: $275 (incl GST)

Date and time:

Tuesday 13 October 2014

12pm for 12.30 start concluding 5.00pm

Catering is provided


JJ Clark Room, Level 1, Old Treasury Building,

20 Spring Street, Melbourne

Bookings: here.

Other LV Board Leadership Programs:

Orientation to NFP Boards

Dynamics for High Performing Boards


Cancellation and Transfer Policy:

Board Skills Builder Programs

Cancellations received up to 10 working days prior to the program will incur a 30% cancellation fee. Cancellations between 10 working days prior and 3 working days prior incur a 50% cancellation fee. No refunds will apply for cancellations within 3 working days of program commencement date.

Cancellation must be in writing.

Transfers received up to 10 working days prior to the program commencement date will incur a 10% administration fee. Transfers between 10 and 5 working days prior to the program commencement will incur a 30% transfer fee. Transfers requested less than 5 working days prior to the program commencement will incur a 50% transfer fee.

Transfer requests must be in writing.

This policy applies to all participants and may be varied by LV at its discretion, from time to time without prior notice.  


Browse our network of over 1000 Alumni with a range of backgrounds including arts, construction, health, transport, finance, Government and many more.

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Reflections from a Leader in Residence

Chris Kotur is a freelance facilitator and consultant in the areas of leadership, education and crisis management.  As Leader in Residence, Chris' role at LV is unashamedly the professional 'dreamer' - someone who is able to reflect and create new possibilities for our organisation.

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