OasisLMS

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. Funds provided to an NFP, whether through contributions, government grants, appropriations, or from the sale of goods or services, are given by individuals, grant-makers, sponsors, and other supporters who have the expectation that their contributions will further the NFPs mission.

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.

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

Who Will Benefit

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