What does it mean when you are a Treasurer of an Association moving to a Company Limited by Guarantee and then becoming a Director on the Board, and what affect does the role change bring?
Before we start thinking about the size and sophistication of your organisation, it’s important to see things from an operational perspective when defining roles and responsibilities. Some Treasurers of Associations, who look to understand the implications for their role when moving to a Company Limited by Guarantee, become a little overwhelmed or fearful. In this video I’ll explain this is not necessary and changing to a Company Limited by Guarantee can deliver benefits and clarity for all.
When moving from Treasurer to Director, what are your responsibilities - are they different or do they remain the same? And what is there to consider for all Directors on a board? Share your comments on our social channels below.
Connect with me on LinkedIn (https://www.linkedin.com/in/justin-hogg-right-source/)or visit our website rightsource.com.au (https://www.rightsource.com.au/)
Visit the downloads (https://www.rightsource.com.au/downloads/) page to access accounting spreadsheets, templates and budgets.
If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn (https://www.linkedin.com/in/justin-hogg-right-source/).
If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here (https://events.humanitix.com/host/6201fe4c36c7660bd2c63f74) to learn more about upcoming Rendezvous.
Right Source (https://www.rightsource.com.au/) Empowering Your Purpose Is Ours.
14 May 2024
Right of Use Assets
The topic of Right of Use Assets has come up in several NFP Board and Finance Committee discussions. It causes a bit of confusion, especially when organisations, for example, are used to recognising their rent or lease payments as an expense.
In this video I’m not going into the accounting rules, this will be more conceptual, so you can have an appreciation of what Right of Use Assets means when you see it and the meaning it's attempting to convey.
It is one of the harder accounting concepts to wrap your head around, even for accountants, so you might need to watch the video a few times.
Connect with me on LinkedIn (https://www.linkedin.com/in/justin-hogg-right-source/)or visit our website rightsource.com.au (https://www.rightsource.com.au/)
Visit the downloads (https://www.rightsource.com.au/downloads/) page to access accounting spreadsheets, templates and budgets.
If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn (https://www.linkedin.com/in/justin-hogg-right-source/).
If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here (https://events.humanitix.com/host/6201fe4c36c7660bd2c63f74) to learn more about upcoming Rendezvous.
Right Source (https://www.rightsource.com.au/) Empowering Your Purpose Is Ours.
25 Oct 2023
Accounting is a language to tell your story
As the CEO of an NFP, telling your story in meaningful and consistent ways is vital to delivering on your purpose. In this podcast, I discuss storytelling through the language of accounting, and why the CEO, Board and stakeholders should speak it regularly to tell their story.
Creating a meaningful story with the numbers on the page may be challenging at first, however when spoken regularly, this unique approach has many benefits. Using the language of accounting in storytelling creates consistency and aligns your purpose throughout the organisation.
Connect with me on LinkedIn (https://www.linkedin.com/in/justin-hogg-right-source/)or visit our website rightsource.com.au (https://www.rightsource.com.au/)
Visit the downloads (https://www.rightsource.com.au/downloads/) page to access accounting spreadsheets, templates and budgets.
If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn (https://www.linkedin.com/in/justin-hogg-right-source/).
If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here (https://events.humanitix.com/host/6201fe4c36c7660bd2c63f74) to learn more about upcoming Rendezvous.
Right Source (https://www.rightsource.com.au/) Empowering Your Purpose Is Ours.
Contact Accounting On Purpose
Guest appearances
Does not typically book guests
Based on episode analysis; this does not confirm that the show is currently accepting guests.
Host of Accounting On Purpose?
Claim your podcast to manage its listing and keep your show details accurate.
Pod Engine is an independent podcast discovery and analytics service and is not affiliated with or endorsed by this podcast. Artwork and show content belong to their owners. Full legal notice.
Explore this show Podcast research with Pod Engine
