Not-for-Profit Certificate II - Governance and Assurance

Overview

Governance and assurance skills will be honed through dynamic learning activities related to mission, strategy, budgeting, ethics, performance and risk. Part of the Not-for-Profit Certificate II Program.

Highlights

Key Topics

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

Prerequisites

Experience working in or with the not-for profit industry.

Designed For

Who Will Benefit

CPAs, board members, and accounting and finance professionals with experience working in or with not-for-profits.

Objectives

Learning Outcomes

• Determine how strategic planning may be applied at each stage of the not-for-profit's life cycle.
• Differentiate between various types of revenue sources available to not-for-profits.
• Identify common issues that arise during the budgeting process.
• Identify some of the most common ethical challenges faced by NFPs.
• Develop a reasonable risk management strategy.
• Apply the generally accepted auditing standards (GAAS) when assessing risks as part of planning an audit of a not-for-profit.