With today’s uncertainty and volatile economy, all organizations are at peril for becoming less important in the eyes of their stakeholders. The current pandemic has left no rock unturned. Not-for-profit entities are as “at risk” similar to other organizations. In this time, ensuring your stakeholders trust your organization, believe in your ethical principals’ and embrace your governance policies will be key factors to surviving and thriving during this time. Not-for-Profit’s exist for a mission. It is critical they obtain the public’s trust. This is done through commitment to ethical principals’, transparency and accountability.
This session reviews a number of leading practices for considering conflict of interest (COI), financial transparency and governance processes for a Not-for-Profit (NFP).
Learning Objectives
- Explore and examining accountability and code of ethics for a not-for-profit.
- Identify and exploring concepts important in a conflict-of-interest policy.
- Explore and examining the criticality of cybersecurity risks.
- Identify and exploring required record retention protocols.
- Explore ethical fundraising and ethical leadership.
- Discover and examine concepts important to executive compensation in a not-for-profit.
- Identify the necessity of financial management and financial transparency for the not-for-profit.
- Explore the concept of internal controls and public disclosure in a not-for-profit.
Included In Certifications
This course is included in the following Certification Programs:
15 CoursesNot-For-Profit and Small Business Entities Certification
- Introduction to Not-for-Profit Entities
- Introduction to Accounting for Not-For-Profit Entities
- Identifying and Implementing the Proper Balance of Internal Controls
- Segregation of Duties for Core Business Processes
- Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
- Bookkeeping: Payroll And Expenses
- Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
- Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
- Management Internal Control Essentials
- Financial Statement Essentials for Not-for-Profits
- Not-for-Profit Financial Statements Part 2
- Not for Profit Financials - Focus on Net Assets
- Cyber Risk in Small-Medium Entities
- Fraud in Small-Medium Entities
- Not-For-Profit Accountability and Responsibility
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Prerequisites
No advanced preparation or prerequisites are required for this course.