FINANCIAL OVERSIGHT, BUDGET AND STRATEGY: NOT-FOR-PROFIT GOVERNANCE AND ASSURANCE©.

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PROGRAM DESCRIPTION:

This CPE course reviews procedures and example policies that help maintain good governance and financial oversight by a not-for-profit (NFP) board of directors. It covers basic organizational structure and the responsibilities of a typical NFP finance committee, investment committee, and audit committee that work in partnership to ensure proper stewardship of the NFP’s resources. You will also learn about budget preparation and monitoring, as well as strategies to analyze the financial health of an NFP, including dashboard reports, analysis, techniques and key ratios to manage and monitor liquidity, cash flow and efficiency.

Objectives:

By the end of the course, participants will be able to:

•  Distinguish between the roles and responsibilities of a typical NFP’s board and management with respect to financial oversight.
• Identify strategies to analyze the financial health of an NFP.
• Recall key accounting policies unique to NFPs.
• Recognize steps to prepare and monitor a successful budget for NFPs.
• Recall the principles of ethical fundraising and responsible stewardship of contributed resources.

Agenda

• NFP governing body’s purpose, role, and responsibility
• IRS Form 990
• Written policies and procedures for NFP boards and committees
• Uniform Prudent Management of Institutional Funds Act (UPMIFA)
• Ratio analysis
• Accounting policies
• Budgeting
• Types of budgets
• Operating reserves
• Dashboards
• Responsible fundraising
• Risk management

RECOMMENDED PARTICIPANTS

CPAs involved in NFP financial oversight as well as staff and board members at small- and medium-sized NFPs

 Workshop Methodology:

The program will be conducted along workshop principles with formal lectures, case studies and interactive worked examples. Relevant case studies will be provided to illustrate the application of each topic in an operations environment Difficult concepts are minimized wherever possible and handled in a visual way that is easy to understand with examples demonstrated.

Each learning point will be re-enforced with practical exercises.

–           The foundations of our programs are based on new pedagogy in the training, which includes training in effective methods of linking the theory and practice directly according to the and needs of each participant.

–           Attendee accomplishing the training will get a certificate accredited from CINPAA training centre which is an accredited European organisation registered and based in Spain and Britain .

For more information send us at:

info@cinpaa.org
or whatsapp or viber:

+34-63-586-76-86

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