Financial Management Boards of Directors have a fiduciary responsibility to the associations that they lead. While the focus of non-profit associations is to provide services and benefits to their members, they cannot be successful without adequate financial resources. Patrice Pruitt Associated Management Services, Inc. will assist in understanding how to analyze the Statement of Financial Position, the Statement of Activities and the Statement of Cash Flows. By learning various financial ratios, Boards of Directors will be able to detect early warning signs of possible financial difficulties and can lead the association to a sound financial basis.
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