Author : | Rob Stephens, Founder of CFO Perspective, Adjunct Instructor Gonzaga University |
Course Length : | Pages: 14 ||| Review Questions: 10 ||| Final Exam Questions: 15 |
CPE Credits : | 3.0 |
IRS Credits : | 0 |
Price : | $44.95 |
Passing Score : | 70% |
Course Type: | Video - NASBA QAS - Text - NASBA Registry |
Technical Designation: | Technical |
Primary Subject-Field Of Study: | Finance - Finance for Course Id 2392 |
Description : | Serving on a nonprofit board is a wonderful way to improve our world and can provide some benefits to you. As a financial professional, you have so much to offer not-for-profit companies. This course is for those new to not-for-profit boards and provides insights to those with nonprofit board experience. This course will cover the duties of a financial professional as a board member. I'll start with the benefits you provide to a nonprofit board and what your board experience may offer to you. You’ll learn the key questions to ask and the important document to review before joining a board. I'll list the three duties of all board members. We'll also explore the personal liability risks of joining a board and some risks the organization faces. You'll learn some ways to mitigate these risks. The second half of the course goes deeper into nonprofit financial oversight. We'll look at the financial policies that boards use to guide their organizations. I'll explain how nonprofit financial statements differ from for-profit statements and how financial management is also different. We'll look at the duties of the finance committee and the audit committee, as well as the types of nonprofit audits and examinations. I thought a great way to end a course on tax-exempt organizations is with a lesson on tax compliance. Ironic, isn't it? This course is tailored to financial professionals, which includes:
This course focuses on the financial governance, risk management, and compliance aspects of board service. It does not go into the details of accounting for nonprofits, completing tax forms, audit procedures, etc. There are many good courses by others that cover this. The author has worked for multiple nonprofits, including as CFO and SVP of Finance. He has also served on multiple nonprofit boards. |
Usage Rank : | 20000 |
Release : | 2024 |
Version : | 1.0 |
Prerequisites : | None. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
Nonprofit Organization (NPO): Definition and Example
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Advance Preparation : | None. |
Delivery Method : | QAS Self Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 02-Nov-2024 |
NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Approved Audience : | Video - NASBA QAS - Text - NASBA Registry - 2392 |
Keywords : | Finance, Nonprofit, Board, Service, Financial, Professionals, Video, cpe, cpa, online course |
Learning Objectives : |
Course Learning Objectives Upon completion of this course, participants will be able to do the following:
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Course Contents : | Chapter 1 - Nonprofit Board Service for Financial Professionals Chapter 1 Review Questions Glossary |