VIDEO PODCAST: Using Dashboards to Improve Understanding of Financial Reports
Ben and Mike discuss the role and purpose of financial dashboards for a nonprofit organization, how dashboards improve engagement with financial reports, the standard elements that make up a dashboard, and how dashboards can be optimized to best serve your organization.
PREVIEW SHORTER CLIP:
FULL 30-MINUTE VIDEO:
CHAPTERS:
00:00 - Intro
03:25 - The role and purpose of financial dashboards
05:27 - The audience for nonprofit financial reports
06:37 - How dashboards help readers to connect with financial reports
07:05 - Three points of view to present on a dashboard
11:03 - The importance of key performance indicators (KPIs) on a dashboard
12:49 - Optimizing a dashboard for your organization
15:25 - How dashboards help Boards fulfill their fiduciary oversight duties
17:52 - How often to reassess and consider changes to your dashboard
23:36 - The differences between dashboards and GAAP financial reports and how they interact
27:00 - Other benefits to dashboards
FURTHER READING:
