Not-for-Profit Certificate II - Governance and Assurance

Not-for-Profit Certificate II – Governance and Assurance: Available as an individual track or as a part of the full Not-for-Profit Certificate II Program.

An updated approach to achieve not-for-profit mission success

Part of our comprehensive Not-for-Profit Certificate II Program, this Not-for-Profit Certificate II – Governance and Assurance track helps you build essential skills for success in the NFP industry, all while keeping the mission of your not-for-profit front and center.

Targeted case studies cover key topics, including:

• Aligning mission and strategy
• Budget considerations for not-for-profits
• Ethical issues in not-for-profits
• Performance measurement for not-for-profits
• Applying the COSO ERM Framework
• Risk assessment for NFPs

New learning experience

Engaging activities are presented in a convenient format that allows you to complete learning anytime, anywhere. You’ll also simulate a realistic work environment by applying the strategies you learned to scenarios that provide immediate feedback.

Spotlighting your accomplishment online

You can earn a digital badge by successfully completing the comprehensive Not-for-Profit Certificate II Program or all three of the Not-for-Profit Certificate II tracks.

• Not-for-Profit Certificate II - Financial Reporting covers techniques to prepare and analyze an NFP's financial statements, and assess the NFP’s relationships with other NFP and for-profit organizations for reporting and consolidation.
• Not-for-Profit Certificate II - Tax Compliance covers techniques to prepare an exempt organization's IRS Form 990, and identify unrelated business income tax liabilities, and common exceptions or exclusions to reduce tax liability.
• Not-for-Profit Certificate II - Governance and Assurance covers techniques to measure performance, create a budget and drive the strategic planning process to achieve mission success.

You can showcase the digital badge anywhere on the web — including your LinkedIn, your company's website or your online resume.

Your certificate and digital badge information will be sent to you once you've completed the program.

Who Will Benefit

CPAs, board members, and accounting and finance professionals with experience working in or with not-for-profits.

Key Topics

• Performance measurement techniques
• NFP business models
• Grants management and diversified revenue streams
• Cash flow management and operating reserves
• Risk assessment, response strategies, and the system of internal control
• Strategic planning
• Establishing a culture of ethical management
• Characteristics of high-performing boards of directors

Learning Outcomes

• Determine how strategic planning may be applied at each stage of the not-for-profit’s life cycle.
• Differentiate between various types of revenue sources available to not-for-profits.
• Identify common issues that arise during the budgeting process.
• Identify some of the most common ethical challenges faced by NFPs.
• Develop a reasonable risk management strategy.
• Apply the generally accepted auditing standards (GAAS) when assessing risks as part of planning an audit of a not-for-profit.