Chapter overview | Global NGO Finance Academy

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Mastering financial reporting process in NGOs

1. Introduction

Welcome to Mastering Financial Reporting Process in NGOs (3:00)
Understanding the Importance of Financial Reporting in NGOs
Challenges Faced in Financial Reporting for Nonprofit Organizations

2. Fundamentals of Financial Reporting in NGOs

Chapter overview (0:50)
Overview of Financial Statements in the Nonprofit Sector
Cash basis vs Accrual basis - which one is preferred by NGOs
Understanding Restricted and Unrestricted Funds
Understanding cost concept (1:33)
Knowledge check
Key takeaways (1:30)

3. Compliance and Legal Aspects

Chapter overview (0:59)
Regulatory Framework for Financial Reporting in NGOs
Donor Reporting and Compliance
Taxation and Legal Considerations in Financial Reporting for Nonprofits
Addressing Finance and Non-Finance Departments Roles and Conflicts
Knowledge check
Key take aways (1:30)

4. Practical Applications

Chapter overview (0:59)
Budgeting and Financial Forecasting for NGOs (7:35)
Posting of journal entries (2:46)
Month end closing process
Revenue recognition for donor funded projects
Knowledge check
Key take aways (1:10)

5. Advanced Topics

Chapter overview (0:53)
Should you be worried about audits? (2:58)
External Audit Preparation
What do auditors want to check
Identifying Financial Risks
Knowledge check
Key take aways (1:10)

6. Case Studies and Best Practices

Chapter overview (0:54)
Analyzing Financial Reports in NGOs (8:51)
Preparing financial report in NGOs (25:41)
Tips for implementing efficient reporting processes
Knowledge check
Key take aways (1:10)

7. Conclusion

Continuous Improvement in Financial Reporting
Future Trends in Financial Reporting for NGOs

Course assessment

Assessment

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Chapter overview

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