Financial Essentials for NonProfit Managers FLEXCAST

Overview

Managing a nonprofit organization effectively is a multifaceted challenge, particularly when it comes to financial matters. Often, NPO managers may lack financial expertise or focus intensely on welfare objectives and fundraising, at the expense of operational efficiency and cost controls. This accounting for nonprofits course is designed to bridge this gap, providing essential financial guidance tailored specifically for NPOs. Through this nonprofit accounting course, participants will learn to navigate critical financial questions that are pivotal for the health and success of any nonprofit organization. These include understanding profit and loss dynamics, assessing reserves and liquidity, evaluating internal controls, operating efficiency, budget adherence, program validity, competitive standing, and rational prioritizing of programs and activities. By addressing these key areas, the nonprofit CPE course empowers NPO managers and financial officers to make informed decisions, optimize operations, and ensure the financial sustainability of their organizations.

Highlights

Fundamentals for nonprofits. Accounting concepts and principles. Cost-volume-revenue analysis. Financial statement analysis and performance measurement. Forecasting methods, and more.

Prerequisites

None.

Designed For

CPAs.

Objectives

Recognize financing options available to NPOs. Identify different cost types and classification for NPOs. Recognize costs that are relevant to nonprofit decision making, and more.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.