This webcast will focus on key internal control and accounting issues for churches. Designing effective charts of accounts, management oversight and control over accounting operations, budgeting and internal controls over cash receipts and disbursements, offerings and capital assets will be discussed.

Who Should Attend
Financial management personnel of churches and similar religious organizations, CPAs performing accounting, auditing and tax services for churches and members of church boards of directors or trustees will benefit from this webcast.

Topics Covered

• COSO Report on Internal Control
• Faith, finances and pastoral authority
• Organizing staff personnel and volunteers
• Ushers, offerings and internal controls
• Internal controls over offering count procedures
• A descriptive chart of accounts and accounting systems
• Policies and procedures for contributions
• Policies and procedures for benevolence, missions support and other expenditures
• Managing staff credit card use

Learning Objectives

• Understand the fundamental concepts of internal control
• Be aware of differences between church and other non-profit organization accounting and internal control systems
• Learn how to design effective charts of accounts and implement budgeting controls
• Be able to design and operate effective internal control systems

Level
Basic

Format
Live webcast

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None

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