Not-for-Profit Governance and Assurance Track

Authored by Cheryl R. Olson, CPA, CGMA, Director of Not-for-Profit Consulting, Clark Nuber PS and Audrey L. Newton, CPA, Partner, Johnson Lambert LLP
Program Description

Learn how to measure performance, create a controllable budget, and drive the strategic planning process to achieve mission success. Also discussed are ethical issues, techniques to assess risks, and application of the COSO ERM Framework to develop a risk response strategy in the NFP environment. This CPE program contains e-learning exercises, targeted case studies, and detail-rich interpretations to create a flexible, dynamic learning experience you can complete online in your own time.

Learning Objectives
  • Use a performance measurement system to apply performance measurement techniques.
  • Recognize steps to build a realistic and controllable budget.
  • Determine how strategic planning may be applied at each stage of the NFP's life cycle.
  • Assess risk, develop a risk response strategy, and apply the COSO ERM framework in the NFP environment.
  • Identify a process to assess, design, implement, and monitor internal controls that are appropriate for an NFPs size, complexity, and risk.
  • Determine strategies to promote a culture of ethical management throughout the entity.
  • Use techniques to effectively steward an NFPs resources to achieve mission success.
Topics Discussed
  • Performance measurement techniques
  • NFP business models
  • Grants management
  • Diversification of revenue streams
  • Cash flow management and operating reserves
  • Risk assessment, response strategies, and internal controls
  • Strategic planning
  • Establishing a culture of ethical management
  • Characteristics of high-performing boards of directors
Who will it benefit?

CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field

6 Course Bundle


$ 329.00

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NASBA Field of Study
Business Management & Organization
Accounting - Governmental
Accounting
Ethics - Behavioral
Level
Intermediate
CPE Credits
10.5
Prerequisites
None