Not-for-Profit Finance Week

From 09 - 13 Aug 2021

Nfpfinanceweekdesign2021

Not-for-Profit Finance Week, an initiative of Commonwealth Bank and Our Community, is a celebration of ideas, knowledge and financial capacity-building for the $100 billion Australian not-for-profit sector.

The aim of this event, held 9-13 August 2021, is to increase the profile of the not-for-profit sector, bolster the financial capacity and sustainability of the sector, and provide support for the staff, board members and treasurers carrying out the important task of overseeing the finances.

Activities during Not-for-Profit Finance Week included:

  • An information-packed series of FREE webinars, where you can have your questions answered.
  • The 2021 Not-for-Profit Treasurers Awards are awarded to our winners! The awards highlight and recognise the work of all not-for-profit treasurers.

Not-for-Profit Finance Week Program
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Monday, 9 August 2021. 1 PM to 2 PM.

Webinar: Questions your Not-for-Profit should be asking about finances
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Presented by Angela Andrews, Institute of Community Directors Australia

Overseeing the finances is probably one of the most important tasks you have as a board member. Financial literacy will put your organisation in the best position to promote and fulfil your organisation’s mission. If you don't understand how the finances work, you'll be at risk of getting caught up if anything goes wrong. And as we have seen over the past 18-months, things can (and will) go wrong!

In this webinar we’ll be exploring:

  • The questions you should be asking and the reports you should be seeing
  • How to read, understand and act upon financial papers
  • Ways to build financial matters into decision-making processes.

Tuesday, 10 August, 2021. 1 PM to 2.15 PM.

Webinar: Cyber security - keeping safe online
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Presented by Theo Anton, Information Security Manager - Cyber Education Assessment & Protection, Commonwealth Bank

In a world where cyber security incidents continue to increase in volume and complexity, a foundational level of cyber awareness is essential to help your not-for-profit or community group stay ahead of the curve. Would you and your team know:

The simple measures you can take to keep your accounts more secure?
The roles you would play in the event of a damaging data breach?
How you can prepare now to avoid the worst that may happen tomorrow?

Join us for this one-hour webinar as we explore the answers to these questions and how you can adopt foundational controls to create a cyber aware and resilient culture within your organisation including:

  • Getting the basics of cyber security right
  • Learning hard lessons from past cyber-attacks
  • Understanding what government resources are available to assist you

Wednesday, 11 August, 2021. 1 PM to 2 PM.

The Not-for-Profit Balance Sheet – focusing on sustainability
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Presented by Professor David Gilchrist, Co-convenor, Not-for-profits UWA, University of Western Australia and co-author of ‘The Not-for-Profit Balance Sheet’

Make sure you join us for this practical and user-friendly webinar as we examine governance and management tools associated with the not-for-profit balance sheet.

In this one-hour presentation we’ll be joined by Professor David Gilchrist who will examine the key steps that volunteer directors and CEOs can take to manage their not-for-profit balance sheet in the short-, medium- and longer-terms. You will also learn about concepts and processes to assist you and your teams in building sustainability across your not-for-profit or community group, as well as looking at the meaningful questions you should be asking.

This webinar has been designed for board members and CEOs, as well as those who are looking to increase their knowledge about the financials of the NFP Sector.

Please note: To download your copy of the ‘The NFP Balance Sheet – a resource tool for CEOs and directors,’ ahead of the webinar click the button below.

Thursday, 12 August, 2021. 1 PM to 2 PM.

Changes and challenges driving the future NFP Financial Reporting Landscape
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Presented by Aletta Boshoff, Head of IFRS Advisory Practice, and Kevin Frohbus, Partner, IFRS Advisory, BDO

As Australia’s unique income and revenue-recognition regime is locked down by not-for-profits, there has never been a better time to take stock of where we are now, how we got here, and how this is driving the future landscape for not-for-profit financial reporting.

Make sure you join us for this one hour webinar as Aletta Boshoff and Kevin Frohbus from BDO explore the latest developments impacting the Not-for-Profit Sector, and share some of their most recent insights and experiences from the world of not-for-profit reporting and the path which lies ahead.

Friday, 13 August 2021. 1 PM to 2 PM.

Design Thinking – measuring the impact for your not-for-profit
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Presented by: Eloise Newbury, Innovation Manager, Schools and Not-for-Profit Sector Banking, CommBank

There’s no question that design thinking and innovation can lead to improved services, products and processes, as well as delivering significant cost savings. However, knowing and being able to demonstrate the value of innovation and creative thinking can be a challenge for even the most experienced design thinking specialist.

Join us for this one hour Masterclass with Eloise Newbury, Social Impact Innovation Manager at CommBank, as she shares a framework of globally proven methods to help you measure and evaluate the impact design thinking and innovation is having within your not-for-profit or community group. Topics we’ll be exploring include:

  • How to prioritise and gain funding for your design thinking and innovation projects by aligning them to existing strategic program.
  • The importance of using multi-outcome evaluations which look beyond saving time and money.
  • Ways to overcome innovation roadblocks regardless of the size of your organisation
  • Steps to creating an internal vocabulary to embed design thinking and innovation activity across your not-for-profit or community group.

About the presenters
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Angela Andrews
Community Trainer, Learning and Education, Institute of Community Directors Australia (ICDA)

Angela Andrews joined the Institute of Community Directors Australia in 2020. She holds a BComm (Melbs) and MTeach (Syds) and was an academic in the Economics Dept of both Melbourne and Sydney University. She has had a varied career in education and has most recently worked in environmental sustainability and behaviour change programs in local government and the CSIRO. She is the immediate-past President of Environment Education Victoria where she has served as a board member for five years, and runs her own private consultancy, The fourth R.


Theo Anton
Information Security Manager - Cyber Education Assessment & Protection, Commonwealth Bank

Theo is a member of the Commonwealth Bank’s Cyber Education Assessment and Protection team, working to increase awareness of cyber threats both internal to the Bank and in the broader community. Theo is passionate about making cyber security and information technology accessible to a wider audience, and participates in a number of forums seeking to promote cyber security as a career pathway for students. He is also a keen software developer and enjoys tinkering around with full stack development projects in his spare time.



David Gilchrist

David Gilchrist
Professor of Accounting, University of Western Australia

David has held a number of senior roles in the not-for-profit, commercial and public sectors in a career spanning more than 25 years. Most recently, he held the role of Assistant Auditor General in Western Australia and, prior to that, he taught accounting and finance at the London School of Economics and Portsmouth University in the UK as well as at Curtin University and Edith Cowan University in Australia.

He was Foundation Director of the Curtin Not-for-Profit Initiative for five years and held the position of Associate Dean of the School of Business at the University of Notre Dame Australia where he was adjunct professor of Not-for-Profit Leadership. He is currently a Visiting Professor and Research Chief Investigator at Hebei GEO University, Peoples’ Republic of China. David has advised a number of Australian governments and authorities relating to human services governance, sustainability, accountability and strategy, most recently related to the NDIS amongst other things.

A chartered accountant and economic historian, David has a PhD in economic history from the University of Notre Dame Australia and is currently professor of accounting at the University of Western Australia. In addition he holds a number of industry roles including: Chairman – Australian Scholarships Ltd; Director – BaxterLawley Advisory; and is a Member of Chartered Accountants Australia and New Zealand’s Trans-Tasman Not-for-Profit Advisory Committee and the Australian Accounting Standards Board Academic Advisory Panel.


Aletta Boshoff
Head of IFRS Advisory Practice, BDO

Aletta is an IFRS advisory specialist with over 25 years’ experience in financial reporting and accounting, including IFRS. Aletta prides herself on her technical excellence, approachability, and the ability to solve problems practically. Aletta loves accounting and accounting standards, but she is also of the view that it's only when you try and apply that knowledge that you are really challenged and that it is only then that you fully appreciate the nuances of IFRS.

In particular, Aletta takes great pride in her ability to apply a wealth of technical expertise to real-world business situations. She works hard to ensure she is working with her clients, involving them at every step of the journey. She helps them to understand how she came to a recommendation, so that they can test any assumptions she has made and together they can come to the best IFRS solution possible.


Kevin Frobus
Partner, IFRS Advisory, BDO

Kevin is a Financial Reporting advisory expert with over 20 years’ experience in financial reporting and accounting professional standards. Kevin was at the forefront of the adoption of IFRS/AASB in the early 2000’s and has served as partner and technical director at two large, multi-national accounting and advisory firms for more than 10 years before joining BDO. Kevin regularly presents at professional conferences and industry workshops.


Eloise

Eloise Newbury
Innovation Manager, Schools and Not-for-Profit Sector Banking, Commonwealth Bank

Eloise works extensively with Not-for-Profit Sector clients at CommBank, helping to strengthen their innovation capability and find solutions to important challenges they face with stakeholders, customers and donors. With a background in Design Thinking, Customer Centricity and User Experience Design she creates an environment which promotes mutual learning by coaching organisations on new initiatives and approaches being used across a wide array of industries.

By helping organisations understand their own stakeholders more deeply, Eloise is able to find moments that matter and reduce friction points leading to new insights and opportunities. She is passionate about igniting people’s interest in innovation methods and as an experienced and engaging facilitator can lead purposeful dialogue and collaboration amongst Board members, frontline staff and other participants.

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