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FMA 501 - Certified Nonprofit Accounting Professional (CNAP) (3 Days)

 

Course Description

This course is offered in collaboration with Fiscal Management Associates, LLC (FMA), a US based firm specializing in nonprofit consulting and training.  CNAP is a copyright-protected US training program developed by the National Association of Nonprofit Accountants & Consultants (NPAC) in the US. CNAP is the only U.S. recognized certificate program for nonprofit accounting professionals. The CNAP certificate is issued to delegates participating in the 3 day CNAP training program (the course will run from 9am to 4:00pm.),  who thereafter take an online exam (within two weeks from the end of the course).

 

Course Objectives

  • CNAP provides the basic financial knowledge not-for-profit accounting/finance personnel need, to understand their work environment. 
  • CNAP addresses from how not-for-profits are viewed by external entities to understanding the type of not-for-profit finance software that works best to manage resources.
  • CNAP offers participants a broad spectrum of knowledge and skills.
  • CNAP is designed as an outcome-based training, meaning that CNAP trainers’ goal is to provide you with the knowledge and skill you need to increase your ability to do your job.

Who Should Attend?

  • Nonprofit accounting professionals with 18 months of exposure in a financial position,
  • Candidates with over 12 months of similar experience may attend the program,
  • The certificate will be granted upon completion of the 18 months.

Course Details/Schedule

Day 1

  • Introductions
  • What makes a NFP a NFP
  • Tax exempt entities abroad
  • The role of the board and committees
  • Fund accounting
  • Financial statements
  • Effective fiscal infrastructure

Day 2

  • Budgeting
  • Cost allocations
  • Contracts
  • Internal controls

Day 3

  • Audits
  • Federal Awards
  • IFRS for Nonprofits
  • USAID Grants – Foreign recipients
  • Internal Revenue Service (IRS) Disclosures and Forms