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CPA Ontario's Not-For-Profit Finance Leadership Day 

Thursday, November 12, 2015
Chelsea Hotel, 33 Gerrard St. W, Toronto

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.

Conference Brochure


November 12, 2015
Chelsea Hotel
33 Gerrard Street West (map)
TorontoRegister Here

Registration fee includes all sessions, session materials, refreshments and meals as well as the evening networking reception and governance session.

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For your convenience, below is a detailed itinerary for this event. We will continue to update this page as more speakers and topics are finalized.

Thursday,  November 12

8:00 – 9:00 a.m.Registration and Networking Breakfast
9:00 – 9:10 a.m.Welcome and Opening Remarks
Carol Wilding, FCPA, FCMA
, 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
Betty Ferreira, CPA, CMA
, Principal Consultant, Restructure Consulting (Moderator)
John Jiang, CPA, CA
, Director of Finance, DeafBlind Ontario Services
Karen Keyes, Director of Client Services, DeafBlind Ontario Services
Barbara McFater
, Executive Director, PTP Adult Learning and Employment Programs

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
Betty Ferreira, CPA, CMA
, Principal Consultant, Restructure Consulting (Moderator)
Liz Sutherland, Policy Advisor, Ontario Nonprofit Network
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 – 11:00 a.m.Networking Break
11:00 a.m. – 12:00 p.m.

Concurrent Sessions (select one)

  1. 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.
  2. 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!

  3. 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.


12:00 – 12:45 p.m.Networking Lunch and Exhibitor Showcase
12:45 – 1:45 p.m.

Concurrent Sessions (select one)

  1. 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.

  2. Program Budgeting, True Cost Accounting, Program Economic Analysis and Profitability Modelling
    Betty Ferreira, CPA, CMA
    , Principal Consultant, ReStructure Consulting
    Barbara McFater,
    Executive Director, PTP Adult Learning and Employment Programs

    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.

  3. 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 – 2:00 p.m.Networking Break
2:00 – 3:30 p.m.

Skills Development Workshops (select one)

  1. 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

    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.
  2. 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 non-financial 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.

  3. 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 – 4:00 p.m.Town Hall: What You Missed
Betty Ferreira, CPA, CMA, Principal Consultant, ReStructure Consulting

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 text-your-vote regarding future future not-for-profit finance conference sessions.
4:00 – 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
Betty Ferreira, CPA, CMA, Principal Consultant, ReStructure Consulting
Barbara McFater, Executive Director, PTP Adult Learning and Employment Programs
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.

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