Chapter A – Nonprofit Financial Statements and Reporting
This chapter presents to board members a set of basic nonprofit financial statements for use for both external and internal financial reporting. The materials include a discussion on restricted revenue and other accounting requirements unique to a nonprofit organization of which a board member needs to be aware.
Chapter B – Financial Oversight and Internal Controls
This chapter discusses the role of board members in basic financial oversight. The material also provides guidance on financial monitoring, fraud considerations and common internal controls that board members can ensure are used within the nonprofit organization to address financial and fraud risks.
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