This two-week online course is designed for independent school professionals who are looking to elevate their understanding of nonprofit accounting and financial reporting in an independent school setting. Topics include revenue recognition (tuition, contributions, endowments), GAAP/FASB compliance, net asset classification, donor restrictions, functional expense allocation, and IRS Form 990 reporting.
This course includes asynchronous instruction available daily through videos, reading and online discussion topics. To maximize learning, participants should plan to interact with the course frequently throughout the week.
An optional live one-hour study session is open to all participants on Thursday afternoon at 1 p.m. ET during each week. In addition to the collaboration opportunities presented in the course, you will establish a national learning community of peers with whom you can continue to explore the concepts discussed in the course.
This course is offered in partnership with the Association for Academic Leaders.
This week, you'll build a solid understanding of the unique financial framework that supports independent schools. Explore organizational structure, governance, internal controls, contributions, and endowments while learning the core principles that distinguish nonprofit accounting from the for-profit world. Through practical examples, you'll gain the foundation needed to understand how schools steward resources in support of their mission.
This week, you'll examine revenue recognition, expense allocation, nonprofit financial statements, and IRS Form 990. You'll gain valuable insight into how financial information is communicated to boards, donors, regulators, and other stakeholders, helping you better understand the story behind the numbers.
NBOA is recognized by SHRM to offer SHRM-CP or SHRM-SCP professional development credits (PDCs). For more information about certification or recertification, please visit www.shrmcertification.org.
NBOA is a recognized provider of recertification credits. HR Certification Institute® pre-approved this program for credits towards aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification.
Up to 45 participants
Program Sponsor
