Nonprofit Accounting and Financial Reporting Overview

Accounting On-Demand

TIAA

This program is presented with generous support from TIAA.

Nonprofit Accounting and Financial Reporting Overview is a self-paced online course designed for business office professionals as well as administrators and trustees with financial oversight of an independent school to acclimate their existing knowledge of finance and accounting to a nonprofit, independent school setting. Despite prior professional experience in most cases, usually in a for-profit setting, many independent school business officers, controllers and finance staff come into their roles with little to no prior knowledge of the nuances of not-for-profit accounting and finance structures and regulations impacting independent schools. Similarly, those charged with fiduciary oversight of independent schools as heads of school or members of boards of trustees may not have prior, in-depth experience with nonprofit financial statements or reporting environments.

NBOA partnered with independent school experts from RSM US LLP, an audit, tax and consulting firm – one of the largest in the US, and part of a global conglomerate – to develop this course and two to follow in what will become a series for business office professionals to do a deeper dive into independent school accounting and finance concepts. This initial program offering is also intended to support heads of school and board members – particularly those serving on finance or audit committees of boards of trustees – who need to regularly review, understand and approve independent school financial statements.

Learning Objectives

  1. To understand the differences between for-profit and not-for-profit accounting and financial reporting standards
  2. To understand the accounting and financial structure of independent schools

Course Outline

  • System Introduction
  • Welcome from Jennifer Hillen, Vice President, NBOA
  • Video – Nonprofit Accounting and Financial Reporting Overview – Tom Sneeringer, RSM, with Jennifer Hillen, NBOA
  • Primary Resource - Organizational Structure, Governance and Internal Controls
  • Primary Resource - Financial Reporting Statements
  • Primary Resource - Other Reporting Concepts
  • Quiz - Check Your Understanding
  • Reflection - Set an Intention
  • Course Survey

Course Facilitator(s)

Jennifer Hillen, CPA, CGMA, Vice President, Professional Development and Business Affairs, National Business Officers Association

Tom Sneeringer, CPA, Partner, RSM US LLP

Course Format

On-demand programs are self-paced. Participants have 30 days (and no more than 30 days) to access and complete course work. If you need access for longer than 30 days, you will have to re-purchase the course. The average participant requires approximately four hours to complete an on-demand program.

To receive a certificate of course completion, participants must satisfactorily complete the quiz and case study. Course certificates will note the amount of time that the participant spent completing the course, as tracked by One Schoolhouse's learning management system.

Legal Disclaimer

The information provided in this online course is for educational purposes only and is not intended to provide legal advice or opinion. Communications during this course do not create an attorney-client relationship and are not protected by attorney-client privilege. Also, please note that guidance given in this course covers federal legal compliance.

NBOA on-demand programs are being offered in partnership between NBOA and One Schoolhouse.

Pricing

   
NBOA Members $99 Register Now*
Nonmembers $149 Register Now*

*After clicking the register button, you will be redirected to the One Schoolhouse website where you must complete your registration. All purchases made through One Schoolhouse are final, non-transferable and non-refundable.

Questions? Contact Jasper McElrath, director of operations at One Schoolhouse, at jasper.mcelrath@oneschoolhouse.org or call 202-618-3637 ext. 1 for further assistance.

Featured

Wage and Hour Issues Facing Independent Day and Boarding Schools on Ipad on desk

Wage and Hour Issues Facing Independent Day and Boarding Schools

A new white paper providing guidance on the classification schools' diverse workforces, which includes employees that work part-time, on a flexible schedule, fulfill residential and extracurricular duties and on contract. Access is complimentary for members and $39 for nonmembers.

Recent Discussions