Performance Measurement for Not-for-Profits

Available Anytime
Location: Online
2Credits
Technical Business
Registration is Open
FICPA Members
$75.00 Regular Price
Nonmembers
$99.00 Regular Price
Product Code: AI23-NFP2-GRA4
Level: Intermediate
Vendor: AICPA CPE Division
Field of Study: Business Management & Organization

Overview:

This video-based CPE course is included in the Not-for-Profit Certificate II Program. It can be purchased individually or as a part of the Not-for-Profit Certificate II - Governance and Assurance track.

Not-for-profits (NFPs) have a double-bottom line - a financial bottom line reflecting a surplus or deficit and a second bottom line that measures achievement of a social impact or mission. A robust performance measurement system captures both dimensions of performance. It reveals a greater desire for accountability and helps communicate the organization's efficiency, effectiveness and ultimately its social impact to constituents and prospective donors. Most importantly, performance measurement improves decision-making and influences strategic planning, budgeting, program management, grant-writing, and benchmarking.

This CPE course offers detail-rich examples and case studies to help you apply proven techniques to measure performance in NFPs.

Note: As of August 1, 2018, course content has been updated to reflect implementation of FASB Accounting Standards Updates (ASUs) effective for most not-for-profit entities for their next financial reporting period, including those related to financial statement presentation (ASU 2016-14) and revenue recognition (ASU 2014-09 and ASU 2018-08).

Objectives:

Learning Outcomes

  • Identify and quantify the program outputs and outcomes that accomplish an NFP's mission
  • Differentiate between financial and nonfinancial performance metrics that are relevant to an NFP's stakeholders
  • Use a performance measurement system to apply performance measurement techniques

Major Topics:

Key Topics

  • Mission as a guide to priorities
  • Theory of change
  • Identifying stakeholders
  • Financial efficiency and program effectiveness metrics
  • Input-impact model
  • Sources of performance data
  • Dashboard reporting and benchmarking
  • Aligning employee compensation to performance


Prerequisite:

Experience working in or with the not-for profit industry