Become a Certified Non-Profit Accounting Professional (CNAP)
WHAT IS CNAP?
The CNAP program was developed by the Nonprofit CPAs, based in Nashville, TN.
Hundreds of participants from the United States, Canada, South America, the Middle East and beyond have taken live and online CNAP courses.
Humanity Financial Management has customized the CNAP course materials to meet the needs of Canadian nonprofit and charitable organizations and to reflect Canadian regulations. The CNAP course covers topics critical to building stronger NFP and Charities: Legal, Tax, Governance, Accounting, Internal Financial Management and External Financial Reporting. See below for further detail.
At the end of the course, participants write a brief online open book exam in order to demonstrate understanding of course concepts and to receive certification.
ABOUT THE COURSE
Staff, volunteers, funders and leaders of Canadian nonprofits and charities can now access affordable live, in-person – or webinar-based – training to improve the financial management and oversight of their organizations.
Previously only available in the United States, the in-person version of the CNAP course is a three-day (21 hour) event providing students with tools, expertise and ideas geared specifically towards nonprofit and charity financial operations and management. The Webinar version of the course is offered in 7 weekly 2-hour sessions (14 hours). Course content has been adapted to the unique Canadian regulations and environment.
Taught by an experienced Canadian Chartered Professional Accountant (CPA), CNAP will leave students feeling more confident in their financial management skills and stakeholders feeling more confident in the secure financial future of their organization.
ABOUT THE INSTRUCTOR
Gordon Holley, CPA, CA, CPB has more than 20 years of experience as an accountant. In addition to serving on the boards of numerous nonprofit organizations, he was the first Canadian member of the National Association of Nonprofit Accountants and Consultants and is a Past President and Director of the Institute of Professional Bookkeepers of Canada.
Gordon is the co-founder of Humanity Financial Management Inc., an accounting firm focused on building the capacity and credibility of Canada’s not for profit, charitable and social enterprises.
WHY CNAP MATTERS NOW
- Increasing competition for decreasing donations and core funding
- Rising stakeholder expectations of accountability and transparency
- Limited budgets for hiring and training staff
Nature of NFPOs & Charities in Canada
- Legal characteristics of NFPOs and charities in Canada
- Canada Revenue Agency – tax characteristics and regulation of NFPOs and charities
- Governance: financial management roles and responsibilities in NFPOs
Accounting and Financial Reporting
- Generally Accepted Accounting Principals (“GAAP”) for NFPOs
- Understanding NFPO financial statements
- Establishing effective internal financial management systems & software
- The budgeting process
- Revenue and expense budgets / Cash Flow budgets / Capital budgets
- Budget monitoring and reporting: requirements, recommendations and risks
Cost Allocations to Specific Programs and/or Funders
Contract and Grant Compliance
- Understanding expectations, ensuring compliance and easing the reporting process
Internal Controls for Asset and Reputation Protection
- Why internal controls are the key to protecting assets and reputation
- Basic internal controls for NFPOs & charities
- Developing financial management policies and procedures
Maintaining Adequate Books and Records
Working with of the Independent CPA Firm – Roles and expectations
- Audits / Reviews / Compiliations
Canada Revenue Agency Compliance for NFPOs and Charities
- Income tax reporting
- Social Enterprises and the Canada Revenue Agency
- Payroll and sales taxes (e.g. GST/HST, PSB Rebate, PST)
- Donation receipting for charities
Open Book Examination – Completed Online
WHY TAKE THE CNAP COURSE?
- Become more confident in the financial leadership of your organization
- Understand what makes not-for-profit financial management unique
- Comply with tax and other regulations
- Streamline and standardize procedures
- Structure reports to meaningfully communicate financial data
- Identify and minimize risk
- Improve budgeting
- Enhance your reputation