Accounting Basics for Ministry Leaders

Content Contributor: Vonna Laue, CCNL, Executive Vice President, ECFA

Facilitator: Rachel McMichael, Senior Manager, CapinCrouse

Category: Financial Management

Last Day to Register: September 25, 2017

Module Start Date: October 2, 2017

Learning Objectives

  • To introduce non-accountants to the basic accounting information contained on the balance sheet and income statement of a nonprofit
  • To provide participants with a better understanding of the requirements for recording financial information and certain limitations that may apply
  • To help those outside the accounting department be aware of how and why information is processed by the controller or bookkeeper
  • To offer a general understanding of the accounting role and function within a nonprofit organization
  • To help leaders to best interact with the accounting function within their organizations

Module Overview

Every nonprofit leader should have a basic understanding of the accounting roles and responsibilities within that organization. This accounting principles module is designed to provide an overview of how accounting is done for a ministry and the requirements for presenting financial information for the primary account balances. It is a high level perspective that will allow individuals throughout an organization to obtain a general understanding of accounting information.

Requirements for Receiving Credit

Credit for the module will be determined on the following criteria:

  1. Successful completion and submission of five Reflection assignments demonstrating that the participant has read required resources and reviewed the presentation content
  2. Engage in all topic forum discussions for all five sessions

Required Textbooks

All required resources will be available for download from within the module, once it begins.

Facilitator Bio

Rachel McMichael, Senior  Manager, CapinCrouse

Rachel McMichael, Senior Manager, CapinCrouse

Rachel joined CapinCrouse in 2004 and has over 10 years of experience providing assurance services to key clients, including audit, review, and compilation work in various nonprofit sectors. She works closely with our clients and often functions as the primary contact to assist them in getting their day-to-day accounting questions answered. Rachel serves on the board of Love Not Lost, a nonprofit organization that preserves memories for those facing a terminal diagnosis and supports people in grief. She has her B.S., from Shorter University. She is a member of the Certified Public Accountants as well as the Georgia Society of CPAs.