187: Financial Basics for Nonprofit Leaders

My guest for this episode is Melisa Galasso. Melisa is the founder and CEO of Galasso Learning Solutions LLC. A Certified Public Accountant (CPA with nearly 20 years of experience in the accounting profession, 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 (CSP), a Certified Professional in Talent Development (CPTD), and has earned the Association for Talent Development Master Trainer™ designation. Within the industry, Melisa serves on the Financial Accounting Standards Board's (FASB) Not-for-Profit Advisory Committee, the American Institute of CPAs (AICPA)'s Council, and is the Chair of the Girl's on the Run Greater Charlotte Advisory Council.   She previously served on the AICPA's Technical Issues Committee and the Virginia Society of CPA's Board of Directors and is a past Chair of the North Carolina Association of CPA's Accounting and Auditing Committee. Melisa is the author of Money Matters for Nonprofits: How Board Members Can Harness the Power of Financial Statements by Understanding Basic Accounting.   Here's what to expect during the episode: Why is financial management important for a nonprofit organization? What is the role of technical accounting? Why should nonprofit leaders learn basic financial management? What are the basic financial reports that a board member should understand? What is the difference between an accrual basis and a cash basis?   Connect with Melisa Galasso! Websites: https://galassolearningsolutions.com/  |  https://moneymattersfornonprofits.com/ LinkedIn: https://www.linkedin.com/in/melisagalasso/ Facebook: https://www.facebook.com/GalassoLearningSolutions/   Go to https://hilandconsulting.org/boardorientationchecklist to get your free Effective Board Orientation Checklist.   Mary's book is available on Amazon or wherever books are sold: Love Your Board! The Executive Directors' Guide to Discovering the Sources of Nonprofit Board Troubles and What to Do About Them.   Be sure to subscribe to Inspired Nonprofit Leadership so that you don't miss a single episode, and while you're at it, won't you take a moment to write a short review and rate our show? It would be greatly appreciated!     Let us know the topics or questions you would like to hear about in a future episode. You can do that, and follow us, on Facebook.   Connect with Mary! LinkedIn: https://www.linkedin.com/in/maryhiland Inspired Nonprofit Leadership Facebook Group: https://tinyurl.com/inspirednonprofitleadership Company Facebook: https://www.facebook.com/hilandconsulting Website: https://www.hilandconsulting.org