NPO 240 | Accounting for Your Mission

The sustainability of many nonprofit organizations often boils down to their ability to establish and maintain sound fiscal policies. Nonprofit organizations must manage financial prospects while mitigating any danger that may pose a threat to the value and permanence of the social impact for the organization. This course will focus on tools and concepts to help participants focus on the financial challenges unique to nonprofit organizations.
 

COURSE OBJECTIVES

• Examine basic financial statements, financial metrics, and IRS form 990.
• Apply common accounting rules related to nonprofits, and identify the key elements of internal controls and financial management related to nonprofits.
• Explain the benefits of a budget and the steps to create an organizational budget.

COURSE MODULES

Financial Reports

• Balance sheets
• Income statements
• Other common reports

Audits, Assessments, and 990s

• Audits and assessments
• The parts of the IRS 990 and how others utilize it

Controls and Risks

• Sarbanes Oxley
• Key internal controls essential to every nonprofit

Measurement

• Scorecards and dashboards
• Tracking metrics