Not-for-Profit Certificate II

Overview

Complexities of not-for-profit accounting & financial reporting, governance & assurance, and tax are decoded to help exhibit your leadership and bolster your skills in the field with the NFP II certificate.

Highlights

Key Topics

• Tax compliance considerations
• Key factors in defining and measuring mission success
• Financial statement preparation for not-for-profit organizations
• Core IRS Form 990 preparations
• Budgeting for not-for-profit organizations
• Strategic planning for not-for-profit organizations
• Design and management of internal controls

Prerequisites

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

Designed For

Who Will Benefit

Accounting and finance professionals responsible for accounting and financial reporting for not-for-profits and auditors of those entities.

Objectives

Learning Outcomes

• Apply preparation techniques in order to complete a set of NFP financial statements, a budget, a strategic plan, and the core IRS Form 990 and supplemental materials.
• Analyze financial statements to assess an NFP's financial health.
• Use facts and circumstances to determine whether a tax-exempt organization has reporting requirements or a tax liability for unrelated business income tax (UBIT).
• Apply techniques to effectively steward an NFP's resources to achieve mission success, including performance measurement, risk assessment and response strategies, benchmarking, cash flow management, and forecasting.
• Identify a process to assess, design, implement and monitor internal controls.