Aligning Acounting With Reporting

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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Building A Budget I

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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Building A Budget II

Understand core budget elements:

  • Operating reserve and expenses
  • Fixed vs. variable costs and direct vs. indirect expenses
  • Salaries and wages

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Building A Budget III

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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How to Read Financial Statements I

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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How to Read Financial Statements II

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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How to Read Financial Statements III

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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Internal Controls

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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