Not-for-Profit Governance and Assurance Track

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Overview

10.5 Credits
ONLINE

Learn how to measure performance, create a controllable budget, and drive the strategic planning process to achieve mission success. Also discussed are ethical issues, techniques to assess risks, and application of the COSO ERM Framework to develop a risk response strategy in the NFP environment. This CPE program contains e-learning exercises, targeted case studies, and detail-rich interpretations to create a flexible, dynamic learning experience you can complete online in your own time.

Objectives

  • Use a performance measurement system to apply performance measurement techniques.
  • Recognize steps to build a realistic and controllable budget.
  • Determine how strategic planning may be applied at each stage of the NFP's life cycle.
  • Assess risk, develop a risk response strategy, and apply the COSO ERM framework in the NFP environment.
  • Identify a process to assess, design, implement, and monitor internal controls that are appropriate for an NFP's size, complexity, and risk.
  • Determine strategies to promote a culture of ethical management throughout the entity.
  • Use techniques to effectively steward an NFP's resources to achieve mission success.

Major Topics

  • Performance measurement techniques
  • NFP business models
  • Grants management
  • Diversification of revenue streams
  • Cash flow management and operating reserves
  • Risk assessment, response strategies, and internal controls
  • Strategic planning
  • Establishing a culture of ethical management
  • Characteristics of high-performing boards of directors

Designed For

CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field
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