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CPE Self-Study

Budgeting Considerations: Not-for-Profit Governance and Assurance

  • $69.00-$89.00
    Budgeting Considerations: Not-for-Profit Governance and Assurance Availability : Online Access Product #: 165432
    AICPA Member: $69.00
    Non-Member: $89.00
  • Contact Sales
    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-NFP2-GRA2

This video-based CPE course is included in Not-for-Profit Certificate II. It can be purchased individually or as a part of the Not-for-Profit Certificate II - Financial Reporting track.

Budgeting can be more than just an annual exercise of putting numbers in columns. It has the potential to establish benchmarks, measure the organization's financial health from one year to the next, and determine priorities. It is intended to be a planning tool that reflects a not-for-profit organization's programs, mission and strategic plan.

This CPE course offers you detail-rich examples and a case study that will help you turn budgeting into a positive planning process that can help your not-for-profit achieve its strategic goals and increase accountability in the budgeting process.

Included in the course resources is a downloadable budget worksheet template in Microsoft Excel, which you can customize for your organization.

Topics Discussed

  • Recognize steps to build a realistic and controllable budget
  • Differentiate between various types of revenue sources available to NFPs
  • Determine the impact of revenues subject to donor-imposed restrictions on budgeting and cash flow
  • Recognize common issues that arise during the budgeting process
  • Determine ways to increase accountability in an NFP's budgeting process

Learning Objectives

  • Budgeting pitfalls
  • Budget planning and consensus-building strategies
  • Diversification of revenue streams
  • Grants management
  • Creating an operating reserve
  • Cash flow concerns

Prerequisite: Knowledge of basic governance and financial oversight responsibilities of NFPs

Advance 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

Cheryl R. Olson, CPA, CGMA, Director of Not-for-Profit Consulting

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.