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

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

Covers procedures and examples of policies that help maintain good governance and financial oversight by a not-for-profit board of directors.

$63.20 - $89
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Business Management and Organization

Level

Basic

CPE Credits

3

Author(s)

Karen Craig

Availability

1 year

Product Number

165155

 Business & partner 
Product Details

This CPE course is included in the comprehensive Not-for-Profit Certificate I Program. It can also be purchased individually or as a part of the Not-for-Profit Governance and Assurance track.

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.

Note: As of August 1, 2018, course content has been updated to reflect implementation of FASB Accounting Standards Updates (ASUs) effective for most not-for-profit entities for their next financial reporting period, including those related to financial statement presentation (ASU 2016-14) and revenue recognition (ASU 2014-09 and ASU 2018-08).

Key Topics
  • 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
Learning Outcomes
  • 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.
Credit Info
CPE Credits
Online
3
NASBA Field of Study
Business Management and Organization
Level
Basic
Prerequisites
Knowledge of the not-for-profit industry
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Yellow Book Hours
3
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$89.00
AICPA Members
Online
$79.00
NFP Section Members
Online
$63.20

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Instructors
Karen Craig
Karen Craig, CPA, is a consultant providing technical accounting, reporting, finance, and analytical expertise to not-for-profits with a focus on higher education. She holds a degree in journalism and an MBA from California Polytechnic State University and is a licensed CPA in California. From 2002 to 2009, Karen was an Associate Controller at Stanford University where she was responsible for the overall operations of the university's investment accounting, financial reporting, capital accounting, payroll and disbursements departments. Prior to her work at Stanford, she was Controller for a software startup company and a Senior Audit Manager with PricewaterhouseCoopers. Karen hold memberships in the AICPA, in which she is an ex-officio member of the AICPA Not-for-Profit Industry Expert Panel, and the National Association of College and University Business Officers (NACUBO) in which she is a technical advisor to its Accounting Principles Council.
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Cancellation Policy
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Financial Oversight, Budget and Strategy: Not-for-Profit Governance and Assurance
Select from the following options:
Online
$89.00
Nonmember Price
$89.00
Price excluding sales tax
$89.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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