When it comes to your organization’s finances, the IRS and your donors want to see everything in place. How strong are your internal controls? How can you get financial data that you trust? Are you allocating expenses properly among the functional categories? What reports do you need to prepare and how do you read them once they are done? Learn from the experts – CPAs with nonprofit expertise. Get the training and tools you need to build your financial leadership skills and assess your organization’s financial health. The training will cover the most pertinent accounting and fiscal management issues for nonprofits of all sizes.

AGENDA:
8:30-10:15    Board Fiscal Responsibilities and IRS Expecations
                      - financial oversight; understanding regulations affecting nonprofits
                      - implications of the new 990
 
10:30-12:00  Best Practices for Internal Controls
                      - risk assessment; control activities and monitoring

12:00-1:00    Lunch

1:00-2:15     Overview of Nonprofit Financial Statements
                     - GAAP: cash vs. accrual
                     - Statement of Financial Position; Statement of Activities; Statement of Functional Expenses; Statement of Cash Flows

2:30-4:30     Practical Steps to Recording Functional Expenses
                     - Fundraising Expenses; Program Service Expenses; Management and General Expenses
                     - Efficiency Ratios
                     - Handling Joint Costs

Fees: $50, Lunch included