W279: Difficult Financial and Budget Communications with Nonprofit Boards
COURSE DESCRIPTION:
Nonprofit organizations are confronted with managing during continuing uncertain times where the path forward can and will most likely change quickly. These conditions naturally cause feelings of unease and hesitancy. Strong financial and budget communication practices and protocols are essential for management to effectively lead and be innovative during challenging times. We will discuss tactics for communicating difficult budget issues to your Board.
LEARNING OBJECTIVES:
- We will discuss three tactics for communicating budget issues with your Board.
- Learn how to incorporate multi-year budgets and associated key assumptions driving those multi-year budgets and forecasts into essential management and messaging practices.
- We will explore how organizations should assess purpose and impact of Board designated funds and consider alternatives.
- We will conclude with a discussion on why nonprofits need to strive to make a profit and how best to communicate planning related to this sensitive tactic.
As a CAE Approved Provider educational program related to the CAE exam content outline, this program may be applied for CAE credits toward your CAE application or renewal of professional development requirements.
U.S Transactions Corp. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.
(National Registry Sponsor Nr: 138278)
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