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Decorative Side Bird

Finance

Financial literacy for boards: Part one

Written By: Hassan Altaf
September 5, 2006

This article is designed to help board members read and understand financial statements.

Handling disputes with the Canadian Revenue Agency: The audit phase

Written By: Adam Aptowitzer
June 26, 2006

This 2006 article outlines the rights and responsibilities of an organization when disputing a penalty imposed by the CRA.

The GST reduction: How will it affect nonprofits?

Written By: Andy Levy-Ajzenkopf
June 19, 2006

How will the nonprofit sector respond to the federal government dropping GST/HST rate by one percentage point?

Donna Morton and the Centre for Integral Economics

Written By: Nicole Zummach
May 15, 2006

An interview with Donna Morton, executive director of the Centre for Integral Economics and Ashoka fellow.

The Taxman Cometh: Shedding light on charitable receipting issues

Written By: Elisa Birnbaum
February 20, 2006

Lately the federal government has taken a stronger stance on tax issues as they relate to receipting and charities.

Governance Q&A: Engaging the board of directors on financial matters

Written By: Jane Garthson
January 30, 2006

A treasurer asks if its OK that only a handful of directors are interested in reading and understanding a nonprofit's financial statements.

Capital gains tax: The continuing fight

Written By: Andy Levy-Ajzenkopf
October 31, 2005

Thirty-four years ago a government worried about recessions and revenue streams saddled the Canadian public with a new tax. Charities, community organizations, and individuals have been paying ever since.

Insurance for the nonprofit sector: Is the glass half full or half empty?

Written By: Louise Chatterton Luchuk
October 24, 2005

Understanding the nonprofit insurance situation is a bit like trying to decide if the glass is half full or half empty.

Winning numbers sell the story

Written By: Angela Byrne
December 15, 2003

This article highlights the importance of solid financial information in your funding proposals. It also provides tips on what potential funders are looking for.

The fallacy of financial ratios - part 1

Written By: Tony Poderis
September 29, 2003

Why outcome evaluation is the better gauge of grant worthiness than financial ratios.

Implementing a budget

Written By: Angela Byrne
September 22, 2003

This article explains how to implement your budget and how to monitor and deal with variance.

Realistic budgeting

Written By: Angela Byrne
June 30, 2003

This article explains how to go about developing a realistic budget.

Budgeting basics

Written By: Angela Byrne
April 14, 2003

This article provides a very basic overview of the budgeting process.

Assessing your organization's financial health

Written By: Angela Byrne
November 18, 2002

This article uses three components to assess an organization's financial health: controllership, resources and planning

Random and forensic audits: Is something wrong?

Written By: Don Bourgeois
February 28, 2001

Audits are seldom a pleasant experience. Nonetheless, random, compliance and forensic audits by regulators are an integral part of public accountability in many sectors, including the charitable and nonprofit sector.

What accounting standards support ethical fundraising?

Written By: Don Bourgeois
November 23, 2000

A list of accounting standards that support ethical fundraising.

The role of finance and audit committees

Written By: Sam Persaud & Alister Mason
October 11, 2000

This article looks at finance committees and audit committees and their roles in preventing fraud.

Nonprofit fraud: Focus on segregation of duties and good reporting procedure

Written By: Gary Moulton and Kevin Wilson
September 20, 2000

Opportunity generally arises through an organization's non-existent or ineffective internal controls. The more checks and balances an organization has the fewer the opportunities for the fraudster to take advantage.

Better investment results a key concern

Written By: Brian Moore and Colin Ripsman
September 20, 2000

The most important current investment issue for Canadian foundations is the need to increase investment returns.

Nonprofit fraud: What are the key indicators?

Written By: Stuart Douglas & Kim Mills
August 16, 2000

We probably hear or read about fraudulent activity, on average, at least weekly. The headlines confirm that fraud does occur in NPOs and, in some instances, may have a significant impact on their continued viability.