Advanced Financial Management

for social enterprises



This two-day workshop is designed to develop and strengthen the financial analysis and management skills of social enterprise managers, so they can make better, evidence-based strategic business decisions. We’ll focus on discovering your key business drivers, based on your financial data, and then on conducting a thorough performance analysis of your social enterprise. Participants must have basic financial knowledge (cost, pricing, breakeven) and 2-3 years of experience in a management role.
Advanced Financial Management for NGOs and Social Enterprises with Sonia Oprean



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Social enterprise managers

Social enterprise managers interested in improving the overall financial performance of their ventures. 

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Finance staff

People working in the financial department of social enterprises or nonprofits with an economic activity, interested in taking a strategic view on their numbers.


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Entrepreneurial nonprofit teams

Board members, accountants, the top management of NGOs, LLC owners and other staff with basic financial skills in place, interested in increasing their strategic enterprise finance knowledge.




You have limited experience in assessing the past financial performance of your social enterprise.


If you’ve never done realistic financial projections for your social enterprise.


If you don’t know your key business drivers or you reached a point where you need to better understand your financial statements.



To understand the structure of your financial statements (balance sheet and profit and loss statements) and your key performance ratios.


Learn about the cost center approach and discover the value of synthetic financial data.


Understand the performance of your product or service portfolio and key business drivers impacting your cost and revenue.

Course Curriculum


The cost center approach

We’ll start with a key question: how can you trace and better manage the costs in your organization? Learn to allocate costs to a specific function, product, client, distribution channel or project. Discover your losses and monitor your costs.



Financial statements and main performance ratios

Learn the secrets of your balance sheet and income statement. We’ll ask you to bring your most recent financial statements, so we can work on those during this module. We’ll take a closer look on your Profit and Loss Statement and calculate a few important financial ratios. Do you know how to track the financial performance of your social enterprise? 



Identifying key business drivers

Learn to identify the key factors that impact the performance of your social enterprise by looking at your financial variations. These internal or external drivers, that can be grouped as costs, revenues or even investment drivers, can either support your growth or can significantly decrease your actual performance.



Financial projections

Learn the basics of doing realistic financial projections through a practical exercise.  Learn how to use the best information available at the time of your planning – your past performance and expected market dynamics – and draft a number of scenarios. Plus, let’s conduct a sensitivity analysis.



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Locations and language

Duration: 2 days, on-site for Western Europe and the Balkans, or online, globally.

Course language(s): English or Romanian.

Group size and planning
Here are some additional details:

The ideal group size for this workshop is 15 to 20 people.

Travel costs are funded by the host organization (client).

Participants may work at the same organization.

Courses are scheduled at least 2 months in advance.


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Your journey

Our journey starts with a pre-course assessment.

Also, make sure you have at hand your own financial statements.

Survey and roadmap

Before we start our workshop, we’ll make sure we understand your needs and your prior financial management experience. We will ask each participant to fill out an pre-assessment survey.


Participants ideally should come with their own financial statements – profit and loss statement and balance sheet – for the previous 2 years, and with a situation of their revenue breakdown, for at least one year.

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Additional advisory services

Individual, tailored support is available to all participants or organizations looking to improve their financial systems.


After the workshop, we can take on additional advisory sessions and consulting work to improve the financial performance of the social enterprises.


We usually deepen our financial analysis, conduct a thorough cost assessment, assess the product portfolio and work on improving the manager’s financial and strategic management skills.


These advisory  and support services are paid separately.


Sonia Oprean Synerb Venture Catalyzer Social Business Team

Sonia Oprean

Sonia manages the Synerb portfolio of social enterprises and visionary NGOs. She is in charge with developing our incubation tools and the organizational strategy to support our social enterprises.
Sonia  designed and implemented entrepreneurial education and mentorship programs for over 140 social entrepreneurs while being an active mentor in Financial Management, Human Resources, Fundraising, Social Impact, and Business Performance Management. She worked at NESsT as a portfolio manager and in India for Villgro Innovations Foundation, the oldest and most reputed social enterprise incubator in the country. Her professional experience includes 4 years with PwC Romania and one year in the Philippines, where she coordinated an international team in establishing a legal process outsourcing company. Sonia is a member of ACCA.

Linkedin Zoltan Cristian Bereczki


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