Learn how to:
- Get the most out of your accounting system: including reporting objectives and communication
- Produce financial reports from your accounting software: defining programs, determining net assets
- Set up an accounting system from scratch: create a chart of accounts, establish subaccounts, set up fund accounting, number accounts
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Learn how to:
- Properly build a budget that will be most effective for your organization: structure, capital budgets, special funds, budget approaches, timelines, types of revenue, in-kind contributions
- How to read your organization’s budget
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Understand core budget elements:
- Operating reserve and expenses
- Fixed vs. variable costs and direct vs. indirect expenses
- Salaries and wages
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Understand allocations and budget vs. actual
- Allocation of indirect expenses and overhead costs
- Common expense allocations
- Budget checklist
- Budget to actual reports
- Corrective action
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This sequence of videos provides you with the tools to gain a clear understanding of your organization’s financial state.
- Revenue and expenses
- Balance sheets (assets and liabilities–cash, accounts receivable, liquidity, investments)
- Fixed assets and depreciation
- Fund accounting
- Audit opinions
- Notes and exhibits
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This second video in this sequence continues with the tools you need to gain a clear understanding of your organization’s financial state.
- Revenue
- Net asset
- Contribution and pledge recognition
- Split interest agreements
- Donated goods and services
- Special event reporting
- Functional expenses
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The third video in this sequence provides additional tools to gain a clear understanding of your organization’s financial state:
- Defining programs
- Joint costs
- Statement of cash flows
- Simple indicators—savings, current ratio, fundraising efficiency
- Use of resources
- Defensive interval
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This video will give you a deeper understanding of your organization’s internal controls, including:
- The purpose of internal controls
- Risk assessment
- Reasonable assurance
- Material weakness
- Inherent risk and control risk
- The importance of technology in internal controls
- How to integrate control practices
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