Nonprofit Skills: Financial Oversight for Board Members

This course delivers the tips and tools necessary to provide proper financial oversight of your nonprofit. It describes the financial roles and responsibilities of board members and provides an overview of the documents found in a nonprofit’s financial report. You learn how to identify and analyze key information in a nonprofit statement of financial position, statement of activities and statement of cash flow, and obtain an overview of the process for developing and approving a nonprofit budget.

This course can be applied to the Nonprofit Skills: Board Fundamentals Certificate.


Online Expert Instruction

This course has an “Ask the Expert” feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible, usually within 24 hours.

Benefits and Learning Outcomes

  • Explain the role of the board in providing proper financial oversight.
  • Identify and describe the documents and financial statements included in a nonprofit organization’s financial report.
  • Explain the role of different types of financial committees.
  • Analyze the information found in a nonprofit statement of financial position, statement of activities and statement of cash flows.
  • Describe the process for developing and approving a nonprofit’s budget.
  • Explain how board members make decisions regarding compensation.
  • Apply key financial indicators to assess a nonprofit’s financial health.
  • Describe policies and procedures to maintain financial transparency and prevent fraud.
  • Describe the requirements for filing a nonprofit’s Form 990.
  • Explain key aspects of a nonprofit audit and describe the role of the board in overseeing audits.

Key Features

  • Mobile-friendly
  • Audio-enabled
  • Badge and credit-awarding
  • Real-world case studies
  • Fully accessible
  • Games and flashcards
  • Expert-supported
  • Video content


Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEUs.

Date: Open enrollment – Register anytime

Delivery Method: On-Demand Online

Platform: Other

Instructor: Online Expert Instruction

Fee: $79

CEUs: .3

Program Number: 7350-15822

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