Home Dealing with Restricted Funds: Fund Accounting
Dealing with Restricted Funds: Fund Accounting
Managing governmental grants and contracts requires strong accounting and financial management systems. This training is designed for Executive Directors, Fiscal Managers, Grants Managers, and other staff who play key roles in budgeting, managing, accounting for, and preparing financial reports about restricted funds.

The session will provide easy to use assessment tools to determine if your current approaches are meeting your contractual requirements and providing the info you need to manage effectively. Designed specifically for nonprofits operating multiple programs with resources from multiple funding sources, the session will provide step-by-step guidance for developing and implementing cost allocation plans, budget formats and procedures, and accounting system structures that facilitate contract compliance and efficient reporting.

Training topics include:

  • Budgeting for multiple programs and multiple funding sources
  • Cost allocation plans
  • Accounting system structure
  • GAAP accounting requirements
  • Complying with OMB A-110, A-122, and A-133
  • SAS 112 - new audit standards and their impact on nonprofits
  • Managing change in complex fiscal management systems

 
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