Nonprofit Financial Oversight in a Nutshell
Safeguard and Secure Your Nonprofit’s Resources With Fiduciary Best Practices
Nonprofit Financial Oversight in a Nutshell free download
Safeguard and Secure Your Nonprofit’s Resources With Fiduciary Best Practices
About this course...
Financial overseeing is about ensuring an organization’s finances are in good hands, with careful management and supervision at every step. It's not just about balancing the books—it's about making smart, strategic decisions that keep the organization financially healthy and capable of fulfilling its mission. By keeping a close eye on budgets, expenses, and financial planning, organizations can ensure they have the resources needed to thrive and continue making a positive impact in their communities. And in this course you'll get a sense of what financial health looks like as well as healthy practices across board and staff leadership.
What You Will Learn
What financial oversight is, and is not.
Supercharging the budget process through delegation.
Financial oversight's role in keeping your organization legal, plus supporting diversification of skills, succession planning, and preventing fraud.
Three core best practices to spot effective financial oversight: policy development, sustainability, and compliance.
Three common ratios used to measure your organization's financial health.
How team goals can get more people involved with financial oversight in your nonprofit.
Applying the motivational concepts of activation, persistence, and intensity to building your capacity for financial oversight.
Expenses, reports, and compliance issues that affect all professionals within the organization.
Who is this course for?
Everyone who has a role or relationship to the revenues and expenses of a nonprofit (or those interested in these activities!). For those who already work within the financial realm, this learning path will help refine your practices on stakeholder involvement and compliance. For non-financial team members, this series of courses will help you understand the connection that financial oversight has with your work, and how your involvement can help your nonprofit thrive.
This course explores the following Korn Ferry competencies:
Ensuring Accountability
Business Insight
Balancing Stakeholders
Decision Quality, and
Financial Acumen
