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Advanced-level fiscal management is not about learning to read a balance sheet from scratch. It is about understanding what your financial systems are actually telling you, and whether the people responsible for the organization’s finances (staff, leadership, and the board) are engaging with that information in ways that protect the mission and support sound decisions.

This course walks through the full budget process: who builds it, what it should include, and how it gets reviewed throughout the year. From there, we move into fiduciary responsibility, what it actually means for a board to be accountable for an organization’s finances, and into organizational audits, including how to read an audit outcome and what to do when it is not a clean bill of health.

The throughline is this: financial management is not accounting for accounting’s sake. A budget that lives only on a spreadsheet is not doing its job. It should tell your story, surface your risks, and guide your decisions in real time. Take the pre-test before you begin and answer it based on where you are right now. You will answer the same questions again in the post-test at the end.

Course Content

Start Here
Budgeting & Financial Oversight RCOs — Introduction and Learning Objectives 1 Quiz
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Lesson Content
Budgeting & Financial Oversight RCOs — Pre-Test
Non-Profit Fiscal Management - Advanced
Unlocking the Power of Your Budget 6 Topics | 1 Quiz
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Lesson Content
0% Complete 0/6 Steps
Key People and Positions
Key Milestones & Stakeholders in the Budget Process
Key Roles: Distributing the Budget
Key Points to Include in a Budget
Sample Budget Summary/Overview and Chart
Key Takeaways: Unlocking the Power of Your Budget
Unlocking the Power of Your Budget: Knowledge Check & Reflection
Putting your Budget into Practice 4 Topics | 1 Quiz
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Lesson Content
0% Complete 0/4 Steps
Budget Review: Phases 1 and 2
Budget Review: Phases 3 and 4
Budget Review: Phases 5, 6 and 7
Key Takeaways: Putting your Budget into Practice
Putting Your Budget Into Practice: Knowledge Check & Reflection
Fiduciary Responsibilities 5 Topics | 1 Quiz
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Lesson Content
0% Complete 0/5 Steps
The Role of a Nonprofit Board
Meaningful Financial Stewardship
Questions for the Board
Assessing Readiness
Key Takeaways: Fiduciary Responsibilities
Fiduciary Responsibilities: Knowledge Check & Reflection
Organizational Audits 9 Topics | 1 Quiz
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Lesson Content
0% Complete 0/9 Steps
What is an Audit?
What Does an Audit Include?
Audit Requirements Across Funding and Regulation
Internal Versus External Audits
The Nonprofit’s Role in an Audit
Internal Versus External Audits – Board Perspective
Audit Outcomes
Audit Outcome Descriptions
Key Takeaways: Organizational Audits
Organizational Audits: Knowledge Check & Reflection
Wrap-Up
Know Where Every Dollar Goes: Budgeting & Financial Oversight RCOs — Wrap Up 1 Quiz
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Lesson Content
Fiscal Management & Budgeting — Post-Test
Know Where Every Dollar Goes: Budgeting & Financial Oversight RCOs – Post Course Survey
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