This course will provide you with tips and tools to provide proper financial oversight of your nonprofit. It describes the financial roles and responsibilities of board members and provides an overview of the documents found in a nonprofit's financial report. You will learn how to identify and analyze key information in a nonprofit statement of financial position, statement of activities, and statement of cash flow and will get an overview of the process for developing and approving a nonprofit budget.
Nonprofit Skills: Financial Oversight for Board Members
Professional Credits:
CEU:
3
ATD CI:
3
CFRE:
3
HRCI:
3
SHRM:
3
SHRMP PDCS:
3
Completion Time
3 hours
Access Time
90 Days
Outcome
Individual Skill Course
Language
English
Training Level
Beginner
Delivery Information:
Online
Asynchronous
Self-paced
Description
Learning Outcomes
- Explain the role of the board in providing proper financial oversight
- Identify and describe the documents and financial statements included in a nonprofit organization's financial report
- Explain the role of different types of financial committees
- Analyze the information found in a nonprofit statement of financial position, statement of activities, and statement of cash flows
- Describe the process for developing and approving a nonprofit's budget
- Explain how board members make decisions regarding compensation
- Apply key financial indicators to assess a nonprofit's financial health
- Describe policies and procedures to maintain financial transparency and prevent fraud
- Describe the requirements for filing a nonprofit's Form 990
- Explain key aspects of a nonprofit audit and describe the role of the board in overseeing audits
Additional Information
This course includes an “Ask the Expert” feature. You can use this feature to submit questions about course content. A subject matter expert will provide guidance or point you to additional resources for the topics you’re studying. Questions are answered as quickly as possible and usually within 24 hours. Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEUs.
Requirements
Technology Requirements
Hardware Requirements: This course can be taken on either a PC, Mac, or Chromebook.
Software Requirements: Software must be installed and fully operational before the course begins.
- PC: Windows 8 or later.
- Mac: macOS 10.6 or later.
- Browser: The latest version of Google Chrome or Mozilla Firefox are preferred. Microsoft Edge and Safari are also compatible. Cookies and JavaScript must be enabled
- The latest Adobe Reader/Acrobat Reader ( free download available at https://get.adobe.com/reader/ )
- Any modern Office suite: Microsoft Office, Apple iWork, OpenOffice, or LibreOffice
- Reliable internet connection. Broadband cable or highspeed DSL is recommended for optimal experience.
- E-mail account (to be able to register and to receive e-mail from the course system regarding registration, course status, etc.)
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