NOT-FOR-PROFIT FINANCE LEADERSHIP DAY THURSDAY, NOVEMBER 12, 2015 CHELSEA HOTEL, TORONTO FINANCE AND STRATEGY

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1 NOT-FOR-PROFIT FINANCE LEADERSHIP DAY THURSDAY, NOVEMBER 12, 2015 CHELSEA HOTEL, TORONTO FINANCE AND STRATEGY For Professionals. By Professionals. Your Pathway To Success.

2 CPA Ontario s Not-for-Profit Finance Leadership Day is a one-day, focused opportunity designed for financial leaders. Enhance your knowledge, keep up-to-date and network with your peers, all from a not-for-profit perspective. THURSDAY, NOVEMBER 12, a.m. Registration and Networking Breakfast 9 9:10 a.m. Welcome and Opening Remarks Carol Wilding, FCPA, FCA, President & CEO, Chartered Professional Accountants of Ontario 9:10 10:10 a.m. Panel: Taking Finance Off the Island: The Evolving Role of Finance as a Strategic Player Restructure Consulting (Moderator) John Jiang, CPA, CA, Director of Finance, DeafBlind Ontario Services Karen Keyes, Director of Client Services, DeafBlind Ontario Services Hilary Pearson, President & CEO, Philanthropic Foundations Canada Gabe Cohen, Media and Outreach Manager, GuideStar USA While the U.S. federal government s agreement to provide administrative fees on all federal grants, the overhead myth campaign, led by Guidestar US, educates the public on how to measure the impact of a non-profit organization. As well, Nonprofit Quarterly s has criticized that campaign, including how it deprives NP organizations of infrastructure and strategic investments. 10:45 11 a.m. Networking Break 11 a.m. Noon Concurrent Sessions (select one) The finance function has long been considered transactional and administrative, separate from programs, and relegated to budget-related discussions at the management and board level. You will learn how non-profit finance roles have transformed into important players, as their partnerships with the program department strengthen, and their integrated finance and strategic contributions impact their organizations. Learn from North American examples and hear directly from an executive director, director of programs and director of finance from three organizations that have successfully taken finance off the island. 10:10 10:45 a.m. Let s End the Overhead Myth: Solutions that Demonstrate Impact and Accountability Restructure Consulting (Moderator) Liz Sutherland, Policy Advisor, Ontario Nonprofit Network Transforming the Finance Role Through Technology: What Executive Directors and Finance Managers Need to Know Jane Zhang, Executive Director and Co-founder, TechSoup Canada Bill Kennedy, CPA, CA, Consultant, Energized Accounting While the responsibilities of a typical non-profit finance manager have increased and become more complex, very few new finance roles have been added. Often the last department to receive support, training, and technology upgrades, the finance manager has become stressed and unable to set aside time to evolve their roles beyond administration. Learn how to replace processes, old technology and practices that drain the finance manager s time. We recommend that executive directors attend this session together with their finance managers to learn more about these stressors and the ways technology can help advance this role. LEARN MORE AND REGISTER AT: PD.CPAONTATRIO.CA 2

3 Audit, Finance and Investment Committee Best and Worst Practices Christa Casey, CPA, CA, Director, Not-For-Profit Sector, Welch LLP What are the responsibilities of the finance, investment and audit committees? What risks are these committees trying to mitigate? When should these committees be separate and when can they be joined? Should people from outside the organization sit on these committees? What does audit quality mean? How can an audit committee oversee the work of an auditor? What qualities should non-profit organizations look for when they RFP for a new auditor? All of these questions will be explored in this session and more! Excel s Tips, Tricks & Techniques for Accountants Marion Williams, Senior Associate, K2E Canada Inc. Many accountants who use Excel daily and consider themselves advanced users are not aware of some of the software s most powerful features. Discover how these underutilized tips and tricks can dramatically increase your productivity. They are easy to use and provide great benefits in situations accountants encounter regularly. Noon 12:45 p.m. Networking Lunch and Exhibitor Showcase 12:45 1:45 p.m. Concurrent Sessions (select one) HST Pitfalls and Planning for NPOs and Charities Altaf Sarangi, CPA, CA, Partner, Collins Barrow CRA has been lenient over the first 20 years that the GST/HST has been in place, but in their ever-growing need for tax revenues, they are now focusing on this sector and raising assessments that can be a huge burden. With few resources and constantly-changing legislation, non-profit entities are a sitting target for the CRA. This session will alert you to the GST/HST pitfalls that we have seen over the last few years and will provide tax planning opportunities to save tax dollars. Program Budgeting, True Cost Accounting, Program Economic Analysis and Profitability Modelling Understanding which programs produce a deficit, surplus or break-even is critical for program and service delivery innovation, for restructuring purposes, and to build effective responses due to changes in operations and static funding agreements. Insufficient funding of administrative costs, excessive funder report demands and high workloads of finance staff often limit an organization s ability to develop program budgets based on true cost accounting. Learn how to apply and develop program budgets based on true cost accounting and hear from one organization about the benefits of understanding the economic foundation of programs and why profitability modelling of programs is essential. Current Accounting Standards for Not-for-Profit Organizations and the Proposed Amendments Lisa Topps, CPA, CA, Accounting and Assurance Education Developer, MNP LLP Joe Bates, CPA, CA, Partner, MNP LLP With this introduction to significant accounting policies unique to private not-for-profit organizations, you will obtain a basic understanding of: fund accounting, deferral method and restricted fund method accounting for contributions (revenues), the presentation of expenses, interfund transfers, related parties and tangible capital assets. An understanding of the underlying accounting will help you interpret what you see in financial statements and learn the link between what the organization does and how accounting standards put it to paper. 1:45 2 p.m. Networking Break 2 3:30 p.m. Skills Development Workshops (select one) How to Read and Analyze Audited Financial Statements and Learn What Donors, Funders Are Looking at and What You Should be Analyzing Sharon Proulx, Regional Advisor, Ministry of Citizenship Immigration and International Trade Lisa Topps, CPA, CA, Accounting and Assurance Education Developer, MNP LLP Joe Bates, CPA, CA, Partner, MNP LLP LEARN MORE AND REGISTER AT: PD.CPAONTATRIO.CA 3

4 This session walks through the auditors report and financial statements to demonstrate how they link to each other and how the notes to the financial statements provide supporting information. This understanding enables the interpretation of any signals in the auditors report that require further attention and the meaning of the items presented in financial statements. Learn what donors and funders look at in your financial statements and what the Board should be analyzing in order to see the underlying messages that your financial statements send to those who use them. Dashboards, Dashboards, Dashboards! Visual Financial and Strategic Reports Made Easy Jane Zhang, Executive Director and Co-founder, TechSoup Canada David Elsner, President, DHE Consulting Dashboards are easy to read and compelling visual displays that quickly articulate financial and nonfinancial information. They are increasingly used by non-profit organizations to communicate progress on financial and strategic goals to management and the board of directors. In this session you will: a) learn about dashboard software tools that you can easily use; b) develop a financial dashboard in Excel using a sample financial dashboard from Prosper Canada; and c) walk away with the Excel sheets so that you can develop a financial dashboard for your organization. Your Board will love these reports! Please feel free to bring your laptop so you can develop the dashboard using Excel. Legal Update: Top Compliance Concerns for Finance and IT Professionals in the Non-Profit Sector Mark Blumberg, Blumberg Segal LLP, Barristers & Solicitors Learn about the most significant compliance issues facing Canadian charities and non-profits. Issues covered will include: an update on the 2015 federal budget and new developments from CRA; an update on Broader Public Sector Executive Compensation Act, 2014 (Ontario); a discussion of compliance issues involving revenue generation, unrelated business income, restricted gifts, receipting, disbursement quota, adequate books and records; and tips on managing risk in an increasingly risky world. 3:30 4 p.m. Town Hall: What You Missed This session will capture the key learnings from the sessions and provide you with an opportunity to learn more about the sessions you may have missed during the day including key topics in accounting, tax, and financial leadership. You will also have the opportunity to textyour-vote regarding future future not-for-profit finance conference sessions. 4 5:30 p.m. Spotlight Demonstrations 5:30 6:30 p.m. Integrating the Not-for-Profit Business Model with Strategic Planning and the Annual Budget Process: Board Fiduciary Responsibilities 2.0 Saira Somani, Chair, PTP Adult Learning and Employment Programs An in-depth understanding of an organization s revenue and capital structure models are critical for ongoing resilience of an organization. Stewardship and transformation of an organization s business model by the board of directors and the executive director is critical. In this session you will learn about the Board s ultimate expression of its fiduciary responsibilities and how business model thinking that is integrated with strategic planning and the annual budgeting process is vital for the resilience of a non-profit organization. LEARN MORE AND REGISTER AT: PD.CPAONTATRIO.CA 4

5 GENERAL INFORMATION FEES CPAs and CPA Students Full Conference: $420+HST Personal Passport: $270+HST Organization Passport: $320+HST Non-Members Full Conference: $420+HST Registration fee includes all sessions, session materials, refreshments and meals as well as the evening networking reception and governance session. VENUE Chelsea Hotel, Toronto 33 Gerrard St W, Toronto, ON M5G 1Z HOW TO REGISTER Register online: pd.cpaontario.ca CANCELLATION POLICY Delegates may withdraw from the conference up until October 29, 2015 and receive a credit memo on their PD account. A withdrawal fee of $50 will apply. After October 29, 2015, delegates will receive no credit for cancelling. Delegates may send a substitute in their place at any time. OTHER INFORMATION Recommended dress is business casual. If you require special accommodations or have dietary restrictions, please include applicable details on your registration online. CONTINUING PROFESSIONAL DEVELOPMENT (CPD) Attendance at the full conference may qualify for 11 CPD hours. PARKING Parking is available at the Chelsea Hotel, Toronto at a rate of $16 per day (from 6 a.m. 6 p.m.) CONFIRMATIONS A confirmation will be sent to you the week of the conference. Please ensure your account is up to date. LEARN MORE AND REGISTER AT: PD.CPAONTATRIO.CA 5