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Serving on a nonprofit board is a wonderful way to improve our world and can provide some benefits to you. As a financial professional, you have so much to offer not-for-profit companies. This course is for those new to not-for-profit boards and provides insights to those with nonprofit board experience.

This course will cover the duties of a financial professional as a board member. I'll start with the benefits you provide to a nonprofit board and what your board experience may offer to you. You’ll learn the key questions to ask and the important document to review before joining a board. I'll list the three duties of all board members. We'll also explore the personal liability risks of joining a board and some risks the organization faces. You'll learn some ways to mitigate these risks.

The second half of the course goes deeper into nonprofit financial oversight. We'll look at the financial policies that boards use to guide their organizations. I'll explain how nonprofit financial statements differ from for-profit statements and how financial management is also different. We'll look at the duties of the finance committee and the audit committee, as well as the types of nonprofit audits and examinations. I thought a great way to end a course on tax-exempt organizations is with a lesson on tax compliance. Ironic, isn't it?

This course is tailored to financial professionals, which includes:

  • Accountants and CPAs
  • Financial analysts
  • Financial planners
  • Investment analysts
  • Anyone who has managed finances at a company

This course focuses on the financial governance, risk management, and compliance aspects of board service. It does not go into the details of accounting for nonprofits, completing tax forms, audit procedures, etc. There are many good courses by others that cover this.

The author has worked for multiple nonprofits, including as CFO and SVP of Finance. He has also served on multiple nonprofit boards.

Nonprofit Board Service for Financial Professionals (3 Hrs)
A/B
Suggested Courses

Serving on a nonprofit board is a wonderful way to improve our world and can provide some benefits to you. As a financial professional, you have so much to offer not-for-profit companies. This course is for those new to not-for-profit boards and provides insights to those with nonprofit board experience.

This course will cover the duties of a financial professional as a board member. I'll start with the benefits you provide to a nonprofit board and what your board experience may offer to you. You’ll learn the key questions to ask and the important document to review before joining a board. I'll list the three duties of all board members. We'll also explore the personal liability risks of joining a board and some risks the organization faces. You'll learn some ways to mitigate these risks.

The second half of the course goes deeper into nonprofit financial oversight. We'll look at the financial policies that boards use to guide their organizations. I'll explain how nonprofit financial statements differ from for-profit statements and how financial management is also different. We'll look at the duties of the finance committee and the audit committee, as well as the types of nonprofit audits and examinations. I thought a great way to end a course on tax-exempt organizations is with a lesson on tax compliance. Ironic, isn't it?

This course is tailored to financial professionals, which includes:

  • Accountants and CPAs
  • Financial analysts
  • Financial planners
  • Investment analysts
  • Anyone who has managed finances at a company

This course focuses on the financial governance, risk management, and compliance aspects of board service. It does not go into the details of accounting for nonprofits, completing tax forms, audit procedures, etc. There are many good courses by others that cover this.

The author has worked for multiple nonprofits, including as CFO and SVP of Finance. He has also served on multiple nonprofit boards.

Nonprofit Board Service for Financial Professionals (3 Hrs)
Recent Searches
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Similar Courses

Serving on a nonprofit board is a wonderful way to improve our world and can provide some benefits to you. As a financial professional, you have so much to offer not-for-profit companies. This course is for those new to not-for-profit boards and provides insights to those with nonprofit board experience.

This course will cover the duties of a financial professional as a board member. I'll start with the benefits you provide to a nonprofit board and what your board experience may offer to you. You’ll learn the key questions to ask and the important document to review before joining a board. I'll list the three duties of all board members. We'll also explore the personal liability risks of joining a board and some risks the organization faces. You'll learn some ways to mitigate these risks.

The second half of the course goes deeper into nonprofit financial oversight. We'll look at the financial policies that boards use to guide their organizations. I'll explain how nonprofit financial statements differ from for-profit statements and how financial management is also different. We'll look at the duties of the finance committee and the audit committee, as well as the types of nonprofit audits and examinations. I thought a great way to end a course on tax-exempt organizations is with a lesson on tax compliance. Ironic, isn't it?

This course is tailored to financial professionals, which includes:

  • Accountants and CPAs
  • Financial analysts
  • Financial planners
  • Investment analysts
  • Anyone who has managed finances at a company

This course focuses on the financial governance, risk management, and compliance aspects of board service. It does not go into the details of accounting for nonprofits, completing tax forms, audit procedures, etc. There are many good courses by others that cover this.

The author has worked for multiple nonprofits, including as CFO and SVP of Finance. He has also served on multiple nonprofit boards.

Nonprofit Board Service for Financial Professionals (3 Hrs)
Suggested Courses

Serving on a nonprofit board is a wonderful way to improve our world and can provide some benefits to you. As a financial professional, you have so much to offer not-for-profit companies. This course is for those new to not-for-profit boards and provides insights to those with nonprofit board experience.

This course will cover the duties of a financial professional as a board member. I'll start with the benefits you provide to a nonprofit board and what your board experience may offer to you. You’ll learn the key questions to ask and the important document to review before joining a board. I'll list the three duties of all board members. We'll also explore the personal liability risks of joining a board and some risks the organization faces. You'll learn some ways to mitigate these risks.

The second half of the course goes deeper into nonprofit financial oversight. We'll look at the financial policies that boards use to guide their organizations. I'll explain how nonprofit financial statements differ from for-profit statements and how financial management is also different. We'll look at the duties of the finance committee and the audit committee, as well as the types of nonprofit audits and examinations. I thought a great way to end a course on tax-exempt organizations is with a lesson on tax compliance. Ironic, isn't it?

This course is tailored to financial professionals, which includes:

  • Accountants and CPAs
  • Financial analysts
  • Financial planners
  • Investment analysts
  • Anyone who has managed finances at a company

This course focuses on the financial governance, risk management, and compliance aspects of board service. It does not go into the details of accounting for nonprofits, completing tax forms, audit procedures, etc. There are many good courses by others that cover this.

The author has worked for multiple nonprofits, including as CFO and SVP of Finance. He has also served on multiple nonprofit boards.

Nonprofit Board Service for Financial Professionals (3 Hrs)
Course Details

Accountants Guide to Financial Management - v12 (Course Id 1168)

QAS / Registry
  Add to Cart 
Author : Jae K. Shim, Ph.D., CPA
Course Length : Pages: 172 ||| Review Questions: 86 ||| Final Exam Questions: 75
CPE Credits : 15.0
IRS Credits : 0
Price : $119.95
Passing Score : 70%
Course Type: NASBA QAS - Text - NASBA Registry
Technical Designation: Technical
Primary Subject-Field Of Study:

Finance - Finance for Course Id 1168

Description :

This course is designed for accountants who must have financial knowledge but has not had formal training in finance. Topics include: The Sarbanes-Oxley Act financial reporting requirements, uses and analysis of financial statements, financial forecasting and cash budgeting, risk and return, valuation of stocks and bonds, time value of money, investing and financing, leverage, optimal capital structure, portfolio selection, management of financial resources, and international finance. The goals of the course are fourfold:

  1. It provides an understanding and working knowledge of the fundamentals of financial decision making and strategy that can be put to practical application in day-to-day jobs of accountants and managers.
  2. It also concentrates on providing a working vocabulary for communication.
  3. It uses examples and illustrations, with emphasis on the practical application of financial concepts, tools, and methodology.
  4. It also includes checklists, guidelines, rules of thumb, diagrams, graphs, and tables to aid your comprehension of the subjects discussed.
Usage Rank : 28485
Release : 2022
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 09-Feb-2023
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - NASBA Registry - 1168

Keywords : Finance, Accountants, Guide, Financial, Management, v12, cpe, cpa, online course
Learning Objectives :

Chapter 1
An Overview of Financial Management

After studying this chapter, you will be able to:
  • Identify the objectives of managerial finance.
  • Distinguish between profit maximization and stockholder wealth maximization.
  • Recognize factors that affect the value of a firm.
  • Recognize the role of financial managers.
  • Recognize the various legal forms of business organization.

Chapter 2
Financial Statements and Cash Flow

After studying this chapter, you will be able to:
  • Identify the basic financial statements used by a firm.
  • Recognize how the balance sheet portrays a company's financial position.
  • Identify the components of a statement of cash flows.
  • Recognize how footnote disclosures are used, and requirements for segment reporting.
  • Recognize reporting requirements of the Sarbanes-Oxley 404.

Chapter 3
Evaluating a Firm's Financial Performance

After studying this chapter, you will be able to:
  • Identify which factors are used in evaluating a firm’s stock.
  • Recognize a comprehensive set of financial ratios and how to interpret them.

Chapter 4
Improving Financial Performance

After studying this chapter, you will be able to:
  • Recognize how ROI can be enhanced by management.
  • Identify the basic components of the Du Pont formula and how it can be used for profit improvement.

Chapter 5
Budgeting, Planning, and Financial Forecasting

After studying this chapter, you will be able to:
  • Recognize steps in projecting financial needs by using the percent-of-sales method.
  • Identify major steps in preparing the master budget.
  • Recognize how the cash budget can be used to more effectively conduct financial management.

Chapter 6
The Time Value of Money

After studying this chapter, you will be able to:
  • Recognize the concept and use of the time value of money.
  • Calculate the present value of a future payment.
  • Recognize the definitions for annuities and minimum rates of return.

Chapter 7
The Meaning and Measurement of Risk and Rates of Return

After studying this chapter, you will be able to:
  • Recognize the components required to compute the return of an investment.
  • Identify the risk-return trade-off used in understanding diversification.
  • Identify the types of risks reported by beta in its use in designing a portfolio.
  • Using the Capital Asset Pricing Model (CAPM), calculate portfolio return and portfolio risk.
  • Using the Arbitrage Pricing Model (APM), compute rate of return.

Chapter 8
Valuation of Stocks and Bonds

After studying this chapter, you will be able to:
  • Recognize the key inputs and concepts underlying the security valuation process.
  • Distinguish between preferred stock and common stock.
  • Recognize the various methods of common stock valuation.

Chapter 9
The Cost of Capital

After studying this chapter, you will be able to:
  • Compute costs of financing for long-term debt.
  • Identify the overall cost of capital.
  • Recognize factors used in computing the overall cost of capital.

Chapter 10
Capital Budgeting: Techniques and Practice

After studying this chapter, you will be able to:
  • Define the capital budget.
  • Identify capital budgeting methods used to grow a company.
  • Recognize how different project conditions can affect ultimate investment decisions.
  • Recognize the types of depreciation methods.

Chapter 11
Determining the Financing Mix

After studying this chapter, you will be able to:
  • Identify how operating leverage affects a firm and compute total leverage.
  • Recognize the primary objective of capital structure decisions and the influences on capital structure decisions.

Chapter 12
Managing Liquid Assets

After studying this chapter, you will be able to:
  • Understand the components of working capital and how to compute work capital.
  • Recognize different methods of managing accounts receivable and how they affect cash flows.
  • Recognize ways to better manage inventory, including the economic order quantity and the ABC inventory control method.

Chapter 13
Short-Term Financing

After studying this chapter, you will be able to:
  • Recognize the different short-term financing instruments and when one is most appropriate.

Chapter 14
Debt Financing

After studying this chapter, you will be able to:
  • Recognize the advantages of using bonds for long term financing.
  • Identify the types of bonds that can be issued.

Chapter 15
Equity Financing

After studying this chapter, you will be able to:
  • Recognize the advantages and disadvantages of the different kinds of stock and other equity securities.
  • Identify the types and characteristics of equity financing.
  • Recognize the role of the investment banker.
  • Distinguish difference between a private and public placement of securities.

Chapter 16
International Finance

After studying this chapter, you will be able to:
  • Recognize the key features of the financial management of a multinational corporation (MNC), including foreign exchange issues.
  • Identify ways to control currency risk.
  • Recognize different types of foreign exchange exposure.
  • Recognize ways to rate political risk.
  • Identify various international sources of financing.
Course Contents :

Chapter 1:    An Overview of Financial Management

Learning Objectives

Objectives of Managerial Finance

Profit Maximization vs. Stockholder Wealth Maximization

Agency Problems

Finance Decisions and Risk-Return Trade-Off

Time Value of Money

Importance of Finance

Scope and Role of Finance

Controller versus Treasurer

Financial and Operating Environment

Corporations

Conclusion

Chapter 1 Review Questions

Chapter 2:     Financial Statements and Cash Flow

Learning Objectives

What and Why of Financial Statements

More on the Income Statement

Classified Financial Statements

Statement of Cash Flows

Cash Flow Analysis

Other Sections of the Annual Report

Auditor’s Report

Notes to the Financial Statements (Footnotes)

How to Read a Quarterly Report

SEC Reporting Requirements - Integrated Disclosure System

Management's Discussion and Analysis (MD&A)

The Sarbanes-Oxley Act

Conclusion

Key Points of Auditing Standard No. 5

Chapter 2 Review Questions

Chapter 3:    Evaluating a Firm's Financial Performance

Learning Objectives

What and Why of Financial Statement Analysis?

Horizontal Analysis

Vertical Analysis

Ratio Analysis

Liquidity Ratios

Activity (Asset Utilization, Turnover) Ratios

Solvency (Leverage, Debt Service, Long-Term Debt) Ratios

Profitability Ratios

Market Value Ratios

An Overall Evaluation ‑‑ Summary of Financial Ratios

Is Ratio Analysis A Panacea?

Conclusion

Chapter 3 Review Questions

Chapter 4:    Improving Financial Performance

Learning Objectives

What Is Return On Investment (ROI)?

What Does ROI Consist Of? The Du Pont Formula

How to Improve Return to Stockholders through Financial Leverage

Conclusion

Chapter 4 Review Questions

Chapter 5:    Budgeting, Planning, and Financial Forecasting

Learning Objectives

The Percent-Of-Sales Method

The Sustainable Rate of Growth

How to Prepare a Budget

Comprehensive Illustration

The Sales Budget

The Production Budget

The Direct Material Budget

The Direct Labor Budget

The Factory Overhead Budget

The Ending Inventory Budget

The Cash Budget

The Budgeted Income Statement

The Budgeted Balance Sheet

Some Financial Ratio Calculations

Conclusion

Chapter 5 Review Questions

Chapter 6:    The Time Value of Money

Learning Objectives

How to Calculate Future Values

Intrayear Compounding

Future Value of an Annuity

What Is Present Value - How Much Money Is Worth Now?

Present Value of Mixed Streams of Cash Flows

Present Value of an Annuity

Perpetuities

The Applications of Future Values and Present Values

Amortized Loans

How to Develop Loan Amortization Schedules

Annual Percentage Rate (APR)

Rates of Growth

Bond Values

Conclusion

Chapter 6 Review Questions

Chapter 7:    The Meaning and Measurement of Risk and Rates of Return

Learning Objectives

Return on Investment

Arithmetic Average Return vs. Geometric Average Return

What Is Expected Rate Of Return?

How Is Risk Measured?

Types of Risk

Portfolio Theory

What Is Beta?

How to Read Beta

The Arbitrage Pricing Model (APM)

Conclusion

Chapter 7 Review Questions

Chapter 8:    Valuation of Stocks and Bonds

Learning Objectives

How to Value a Security

What is a Bond?

How to Value Bonds

How Do You Calculate Yield (Effective Rate of Return) on a Bond?


What Is Preferred Stock?

How to Value Preferred Stock

How to Calculate Expected Return from Preferred Stock

What Is Common Stock?

How to Value Common Stock

Conclusion

Chapter 8 Review Questions

Chapter 9:    The Cost of Capital

Learning Objectives

Computing Individual Costs of Capital

Cost of Debt

Cost of Preferred Stock

Cost of Equity Capital

Measuring the Overall Cost of Capital

Level of Financing and the Marginal Cost of Capital (MCC)

Conclusion

Chapter 9 Review Questions

Chapter 10:    Capital Budgeting: Techniques and Practice

Learning Objectives

What are the Types of Investment Projects?

What Are the Features of Investment Projects?

How Do You Measure Investment Worth?

How to Select the Best Mix of Projects with a Limited Budget

How to Handle Mutually Exclusive Investments

How Do Income Taxes Affect Investment Decisions?

Types of Depreciation Methods

Conclusion

Chapter 10 Review Questions


Chapter 11:    Determining the Financing Mix

Learning Objectives

Break-Even Analysis, Operating Leverage, and Financial Leverage

Tools of Capital Structure Management

Capital Structure Decisions in Practice

Conclusion

Chapter 11 Review Questions

Chapter 12:    Managing Liquid Assets

Learning Objectives

Evaluating Working Capital

Cash Management

Delay Frequency of Paying Employees

Cash Models

Banking Relationships

Investing In Marketable Securities

Management of Accounts Receivable

Inventory Management

Conclusion

Chapter 12 Review Questions

Chapter 13:    Short-Term Financing

Learning Objectives

Short-Term Financing

Intermediate-Term Financing: Term Loans and Leasing

Conclusion

Chapter 13 Review Questions

Chapter 14:    Debt Financing

Learning Objectives

Types of Long-Term Debt

Conclusion

Chapter 14 Review Questions

Chapter 15:    Equity Financing

Learning Objectives

Issuing Equity Securities

Governmental Regulation

Selecting a Financing Method

Investment Banking

Conclusion

Chapter 15 Review Questions

Chapter 16:    International Finance

Learning Objectives

Foreign Operations

The Foreign Exchange Market

Financial Strategies

Translation Exposure

Transaction Exposure

Operating Exposure

Impacts of Changes in Foreign Exchange Rates

Interest Rates

Inflation

Examples of Political Risks

International Financing

Chapter 16 Review Questions

Appendix

Glossary

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