Financial Oversight, Budget, and Strategy: Not-for-Profit Governance and Assurance

Overview

Strong ethical and fiduciary oversight by those charged with governance of a not-for-profit entity (NFP) is imperative to maintaining the public's trust.

Highlights

Key Topics

• Roles and responsibilities of NFP boards
• Analyzing an NFP's financial health
• Key accounting policies unique to NFPs
• Budget best practices
• Ethical fundraising

Prerequisites

None

Designed For

Who Will Benefit

CPAs, board members, and accounting professionals new to NFPs or in need of a refresher.

Objectives

Learning Outcomes

• Identify roles and responsibilities of a typical NFP's board and management with respect to financial oversight.
• Recognize common ratios used to analyze the financial health of an NFP.
• Recognize key accounting policies unique to NFPs.
• Recall best practices in preparing and monitoring a successful budget for NFPs.
• Recall the principles of ethical fundraising and responsible stewardship of contributed resources.