FIN 230: Internal Controls and Accountability
What policies and internal controls are necessary to help insure financial integrity and accountability? What ethical challenges are faced by nonprofits and what is the financial accountability of management and the board? This course focuses on how to develop the financial tools and infrastructure that support financial soundness.
Learning objectives:
- Develop a sound financial management that does not contradict your mission!
- Capitalize on Your Control System
- Increased need for accountability, transparency, and results
- Today's donors demand assurance of your organization's stewardship of their funds: this mean identifying controls, results, and a sense of responsibility / accountability for the funds.
- Understand the impalications of Sarbanes Oxley for nonprofits
- What is meant by an accounting structure?
- The role of ethics in financial management
- The financial responsibility of employees, volunteers, management, and the board
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