POSTPONED to FEBRUARY 2, 2021
One of COVID-19’s side effects has been to throw a real curve at financial forecasting. First wave, second wave? Phased reopening strategies? As the government has been struggling to manage public health policies and push out economic supports, the constantly shifting environment has staggered General Managers. This panel discussion will contemplate three inter-related topics:
- Determining the bottom line. Never have we spent so much time discussing revenue and expense recognition, relative to emergency funding, government subsidy programs, and drastic changes to programming and daily operations. What can you do – in a principled fashion – to gain some sense of control and, indeed, to shape your bottom line?
- Positioning for the future. Each year’s surplus or deficit impacts net assets. A 2020 good-news surplus might be offset by a 2021 loss – both of which will impact your balance sheet. How does your bottom-line approach shape your balance sheet, and affect future years’ reporting?
- Telling the story. After you and your staff, board and auditor have done your best with the financial statements comes the communication piece. COVID has brought astonishing surpluses to some organizations and deficits to others. How do you build the narrative for your patrons, donors, members, sponsors and funders?
Targeted to financial management in your organization including:
- Managing Directors
- Carol Kehoe - Executive Director, Tafelmusik Baroque Orchestra & Chamber Choir
Sam Marinucci - Partner, CPA, CA, MBA, Hogg, Shain & Scheck Professional Corporation Chartered Accountants
Heather Young - Principal, Young Associates
Date: Tuesday February 2, 2021
Time: 12:00pm - 1:00pm - 40 minute presentation, 20 minute discussion Q&A
Location: Zoom - session will NOT be recorded
Fee: $25+HST for TAPA Members, $35+HST for Non-TAPA Members
Offered in partnership with Young Associates