Continuing Education Units (CEU) will be offered for this training.

To serve crime victims more effectively, victim service organizations must use fundamental financial management practices to stay solvent and operate properly. In the Financial Management training, you will learn key bookkeeping and accounting principles, how to prepare financial documents, and how to prevent fraud.

Audience: This training is designed for those who are new to their organization's financial management.

Introductory Week: What is Financial Management

• Week 1: Planning the Budget
  • Explain the budget planning process.
  • Create an organizational budget with narrative.
  • Describe the differences between restricted and unrestricted funds.
  • Identify key elements and line items of a budget spreadsheet.
• Week 2: Bookkeeping and Accounting Concepts and Principles
  • Describe key bookkeeping and accounting concepts and practices.
  • Explain the six key accrual accounting concepts of financial management.
  • Describe fund accounting and functional accounting.
  • Create a chart of accounts.
• Week 3: Financial Reporting and Monitoring
  • Explain the components of a statement of financial position.
  • Describe profit and loss budgets and year-to-date actuals.
  • Examine a cash flow statement.
  • Identify items to include in cash flow projections.
  • Identify key tasks in a calendar of financial activity, including the frequency at which each task should be completed.
• Week 4: Practical Financial Oversight
  • Explain how fraud and embezzlement can negatively impact your organization.
  • Describe the financial management roles and responsibilities of the board, committees, and staff members.
  • Identify proper financial policies and procedures.
  • Describe the value of internal and external controls.
  • Describe external controls including audits, IRS Form 990, and grant requirements.
• Week 5: Ensuring the Financial Health of Your Organization
  • Discuss the benefits of conducting a financial health assessment.
  • Describe how you can use a financial health assessment as a tool for your organization.
  • Identify potential strengths, weaknesses, and gaps based on your organization's results.
  • Identify partners in your organization to help address weaknesses and gaps in your organization's results.