Not-for-profit certificate I: Foundational concepts
Charities and not-for-profits make significant contributions to the Canadian economy. That’s why the sector needs skilled professionals who have financial acumen with a strong understanding of the unique distinctions between for-profit and not-for-profit (NFP) organizations. In this seven-course program, you’ll build skills in key areas of NFP finance, accounting and governance to achieve maximum impact. You’ll learn how to confidently support the long-term financial success and sustainability of your organization with practical and proven strategies. The program’s features 40 hours of flexible online learning with built-in knowledge checks and a final assessment.
Courses include:
- Introduction to Not-for-Profit Organizations
- Governance and Oversight
- Financial Statement Concepts
- Registered Charities
- Fund Accounting
- Deferral Method of Revenue Recognition
- Endowments and Other Key NFP Concepts
To earn the certificate, you must complete all seven courses. Although Not-for-Profit Certificate I: Foundational Concepts is designed primarily for newcomers to the not-for-profit world, it’s recommended that you have a base understanding of business and financial management prior to enrollment.
Not a CPA member? Just make sure you purchase access to CPA Canada Handbook – Accounting. Also, if you already have experience in NFP finance and want to take the next step in your studies, consider the Not-for-Profit Certificate II: Managing Strategy and Risk.
Note: Some material in this program is currently being updated by our team, including a couple of broken links and the integration of new resources. Thank you for your patience.
- not-for-profit industry and reporting obligations
- unique requirements for registered charities
- basics of not-for-profit governance and oversight
- financial statement concepts unique to NFP’s
- overview of the deferral and restricted fund methods of revenue recognition
- CPAs who are new to not-for-profit accounting and finance
- not-for-profit board members and executive leaders
- other professionals who want to learn about NFP issues
- leaders from charities and organizations that use the CPA Canada Handbook – Accounting
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Disclaimer
This material is provided for educational purposes only. Although it has been carefully prepared and reviewed, the presenter and Chartered Professional Accountants of Canada (CPA Canada) cannot accept legal responsibility for its contents or for any consequences arising from its use. The materials are meant to provoke and facilitate thought and reflection. The guidance provided to participants in response to these items is not to be interpreted as conclusive judgment on any specific situation and should not be directly applied to other situations.
