CPE Self-Study

Financial Oversight, Budget and Strategy: Not-for-Profit Governance and Assurance

  • $79.00-$89.00
    Financial Oversight, Budget and Strategy: Not-for-Profit Governance and Assurance Availability : Online Access Product #: 165155
    AICPA Member: $79.00
    Non-Member: $89.00
  • Contact Sales
    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-NFP-GRA5

This CPE course is included in the 40-hour Not-for-Profit Certificate Program. It can also be purchased individually or as a part of the Not-for-Profit Governance and Assurance track.

This CPE course reviews procedures and example policies that help maintain good governance and financial oversight by a not-for-profit (NFP) board of directors. It covers basic organizational structure and the responsibilities of a typical NFP finance committee, investment committee, and audit committee that work in partnership to ensure proper stewardship of the NFP’s resources. You will also learn about budget preparation and monitoring, strategies to analyze the financial health of an NFP, tools such as dashboard reports, analysis, techniques and key ratios to manage and monitor liquidity, cash flow and efficiency.

Topics Discussed:

  • NFP governing body’s purpose, role and responsibility
  • IRS Form 990
  • Written policies and procedures for NFP boards and committees
  • Uniform Prudent Management of Institutional Funds Act (UPMIFA)
  • Ratio analysis
  • Accounting policies
  • Budgeting
  • Types of budgets
  • Operating reserves
  • Dashboards
  • Responsible fundraising
  • Risk management

Learning Objectives:

When you complete this course, you will be able to:

  • Distinguish between the roles and responsibilities of a typical NFP’s board and management with respect to financial oversight;
  • Identify strategies to analyze the financial health of an NFP;
  • Recall key accounting policies unique to NFPs;
  • Recognize steps to prepare and monitor a successful budget for NFPs; and
  • Recall the principles of ethical fundraising and responsible stewardship of contributed resources.

Who Will Benefit?

CPAs involved in NFP financial oversight as well as staff and board members at small- and medium-sized NFPs

Prerequisite: None

Advanced Preparation: None


Not-for-Profit Section Members Receive Additional Savings! 

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the NFP Section.

System Requirements

About the Authors

Karen Craig

About the Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.