Prentice, Yates & Clark offers Financial Seminars to its non-profit clients. The seminars will be of interest to members of either the Board of Directors or the Finance Committee, and to staff. Each of the seminars lasts between two and three hours and can be given at the client's site in the evening and on Saturdays.

For more information on any of the seminars will you please contact either John Torry or David Robertson at (416) 366-9256, 1-800-265-7818, or by fax at (416) 366-9171. You may also contact us by e-mail at david.robertson@pyc.net or john.torry@pyc.net.

Reading Financial Statements 
(for Co-op and Non-profit Housing Providers)

This seminar focuses on the main financial reports that should be available in a housing co-operative or non-profit - the Balance Sheet, the Income Statement, the arrears and deposit lists, and the subsidy allocation report. Each section of the reports is identified, and all major accounts are described.   
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Using Financial Statements to Manage a Co-op

This seminar looks at the various processes, such as the budget process, that are used in a co-op to help manage it. The types of decisions that are made in each process are discussed, and the source of financial information that can be used to support the decisions is identified. While it has been written for co-ops, it can also be adapted to non-profits.   
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Internal Controls 
(for all Non-Profits)

Internal controls are divided into "processing" controls and "asset" controls. The seminar looks at each type of control, identifies the person/group responsible for implementing the controls, and discusses controls that should generally be used in a particular situation.    
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Budget Preparation and Presentation 
(for Co-ops but adaptable to Non-profit Housing)

This seminar is intended to illustrate the different methods of forecasting revenues and expenses that can be used in housing co-ops. For example, it identifies which accounts can be budgeted by applying a percentage increase on the previous year's amount, and which accounts should have each individual expenditure forecast. The method of forecasting some accounts is dependant on the government support program under which it runs, and this is also differentiated.    
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Cash Flow 
(for all Non-Profits)

This seminar defines the difference between cash and accrual accounting with the purpose of distinguishing between a budget and a cash flow forecast. It identifies how monthly financial statements may be partly cash accounting, and partly accrual accounting, and demonstrates what is required to switch from one to the other.    
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Seminar Fees

Prentice, Yates & Clark offers a fixed fee schedule. With the fixed fee schedule, you may have as many attendees as you wish, although we would suggest a maximum of twenty. You are responsible for arranging the meeting room, having coffee available, and for arranging for the attendees' notification.

      Seminar Fee       $350.00
      Travel Time        TBE *
      Handouts            $ 10.00 per attendee. **
* Travel time will be discussed at the time the seminar is arranged
** Handouts may be upwards of 100 pages. PYC will provide a master for you to copy if you wish to do it yourself.