Financial Management Training Events
At Financial Technologies & Management, we offer nonprofit financial management training to our clients and to better educate the communities we serve. Since 1999, we have helped nonprofits save time and make sound decisions with nonprofit accounting solutions. Our solutions provide financial management training that focuses on best practices so you can lead and better serve your organization. Successful nonprofits start with strong accounting and planning. That is why we offer training in many targeted areas, from CFO to nonprofit accounting. Our nonprofit financial management training allows you to enhance your accounting skills to make smart decisions.
Effective Nonprofit Accounting Solutions
Whether you are the CFO or staff, our tools help you achieve your goals with strong nonprofit financial management training. We provide all levels of training to assist your accounting staff. Each staff member can benefit from taking our nonprofit financial management training courses. We also offer blog articles, video and document resources, and online events to help boost your staff’s competency in the area of nonprofit accounting systems. Our experts are knowledgeable and qualified financial management trainers that cover every aspect of nonprofit financial management.
Contact us to learn more about our nonprofit accounting solutions. We also offer training in addition to providing software.
MIP Fund Accounting User Group Meetings
Financial Technologies & Management’s Jim Simpson will be hosting monthly Nonprofit Forums and MIP Fund Accounting user group meetings. All nonprofits are welcome to join our free monthly nonprofit forum. There is no charge to attend, but registration is required. Our forum topics include all areas of essential financial management training.
The first Nonprofit Forum and MIP User Group were held during April 2000. We continue to educate and give back to the communities we serve.
Nonprofit Forum – August 26, 2020 – Common Audit Pitfalls and Implementing the New Standards
August 26 @ 11:30 am - 1:00 pmFree
Common Audit Pitfalls and Implementing the New Standards Register
11:30 to 12:30-Common Audit Pitfalls and Implementing the New Standards
How should you evaluate your audit process? Please bring your questions so we can have a candid conversation regarding the auditing process. We will share our expertise and candid advice to better prepare you for this important role for your organization.
While not required by law, one reason a nonprofit might conduct an audit is to demonstrate the organization’s commitment to financial transparency and accountability.
And while a nonprofit can spend considerable resources for its annual audit, it is important that it consider the following to ensure the audit is a success.
No delays: An audit needs to avoid any major delays.
Minimal accrual and year-end adjustments: The nonprofit needs to ensure that all accrual and year-end adjustments are completed prior to the start of the audit.
Minor board and management comments: It is a good idea to have an exit interview after the fieldwork to review the audit’s results.
No material weakness or significant deficiency: This is a deficiency in internal controls that could negatively impact financial integrity.
Nonprofit should prepare audited financial statements and related disclosures: The organization should have the ability and accounting systems to prepare the audited financial statements and related footnotes and disclosures.
Fraud detection is not the purpose of audit: While nonprofit leaders may believe the annual audit will uncover fraud, it is very unlikely this will occur.
Auditor does not guarantee financial statement accuracy: While auditor does issue an opinion on the nonprofit’s financial statements, the auditor does not certify or guarantee its accuracy.
If your nonprofit has one of these audit pitfalls or misperceptions, you should take action to bring expertise and capacity to your organization to remedy it.
This webinar will help Nonprofit Leaders, Executive Directors, Finance Directors, and Finance Staff to better prepare for an annual audit. Savvy nonprofit leaders know that effective financial audits can be the difference between good and great performance.
Immediately following the presentation on nonprofit financial governance, we will host a MIP Fund Accounting User Group meeting focusing on how to use MIP to help with your audit.
3 Key Things you will learn include:
- Why audits have become more complicated to complete?
- Best practices to improve annual audit
- What audit pitfalls should I avoid?
Those attending the forum will receive handouts.
12:30 to 12:50-MIP User Group-How to use MIP to help with your audit?
12:50 to 1:00-FTM Updates and Closing Register