Explaining Finance Information to Non-Financial Board Members

Speakers: Jim Croft, PhD, JWC Counseling Group; Scott Steffens, CPA, Grant Thornton LLP, Partner, Arlington, VA

Format

Video

Level

Intermediate

Duration

1h 15m

This video covers how to transform the financial statements into practical, decision-useful reports to help the board govern the organization.

Learning outcomes

Identify opportunities to improve the information communicated in nonprofit financial statements
Identify techniques aimed at educating board members on unique NFP financial reporting issues

£35.00 (CIMA members only)

£45.00

VAT calculated on checkout

Product information

Overview

This video covers how to transform the financial statements into practical, decision-useful reports to help the board govern the organization.

Professional development

All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Prerequisites:	Basic knowledge of not-for-profit operations, auditing, accounting and/or compliance requirements. General experience working in, or auditing, not-for-profits, including those NFPs audited under GAGAS.
Programme level:	Intermediate
Duration:	1h 15m
Format:	Video
Access:	This is a digital product. You will have access to the content for 3 months after purchase date.

Return and refund policy

£35.00 (CIMA members only)

£45.00

VAT calculated on checkout

Speakers

Jim Croft, PhD, JWC Counseling Group
Jim Croft is a Principal with JWC Consulting Group (JWCCG) in Chicago. JWCCG brings leadership and financial management experience to the nonprofit community and is positioned to help organizations meet strategic objectives and achieve their mission. In addition to his work at JWCCG, Dr. Croft serves as the academic director for nonprofit finance in the Kellogg School of Management's Center for Nonprofit Management at Northwestern University, and is a faculty member at Northwestern's School of Professional Studies. He is also on the MBA faculty in the College of Business at the University of Nebraska. From 1984 to 2015, he was the Executive Vice President and Chief Financial Officer for The Field Museum in Chicago. In addition to leading the institution's financial operations, he was responsible for facilities management and several other operating units. For several years he served concurrently as the museum's chief development officer, managing the annual giving, major gifts, planned giving, and corporate and foundation giving programs. He was also responsible for a major capital campaign that successfully concluded in 2008. Croft also held several positions in social service administration, serving as a community center executive director, finance officer, and chief business officer. In 2016, he was appointed to the Financial Accounting Standards Board's (FASB) Nonprofit Advisory Committee (NAC). The NAC serves as advisors to FABS staff as it relates to accounting standards that are used by nonprofit organizations in the United States. Dr. Croft is also a member of several boards including, Chapin Hall at The University of Chicago, the Illinois Institute of Independent Colleges and Universities, and Great Lakes Advisors, LLC. He received a PhD from the University of Nebraska where his doctoral work focused on higher education leadership and nonprofit financial management. He also studied business administration and management at the University of Nebraska, Roosevelt University, and National Louis University.
Scott Steffens, CPA, Grant Thornton LLP, Partner, Arlington, VA
Scott Steffens is a partner with Grant Thornton and the leader of the Atlantic Coast Region's NFP practice. He has more than 29 years experience serving a wide variety of NFP organizations. He is also a member of the AICPA's National Commission on Diversity and Inclusion and previously served as the chairman of the Illinois CPA Society's board of directors.