International Non-Profit Accounting Standards (INPAS) For NGOS Training.
About Africa School of Project Management (ASPM)
Africa School of Project Management (ASPM) is an international training and consultancy organization with its head office in Nairobi, Kenya. The school was formed to address capacity building needs among Development Partners, Donor Organizations, Government Agencies, and International and Private sector firms across Africa. The school has been pivotal in capacity building in South Sudan, South Africa, Botswana, Eritrea, Ethiopia, Kenya, Nigeria, Somalia, The Gambia, Ghana, Liberia, Uganda, Zambia, Tanzania, Pakistan, Yemen, Burundi and Rwanda among other countries.
Beyond that the school follows internationally accepted curricula, standards and the programmes which are designed in line with international standards and best practices. This has enabled ASPM to deliver corporate training, consultancy and research solutions that have sustainable positive impact. The school is accredited by NITA, NCA PECB (USA), ODPC and trust by many organizations across Africa having delivered successful services to over 20,000+ Professionals. True to its slogan capacity building across Africa.
Course Title: International Non-Profit Accounting Standards (INPAS) For NGOS Training.
Course Preamble.
The International Non-Profit Accounting Standard (INPAS) represents one of the most significant modern developments in global financial reporting for the not-for-profit sector. As NPOs continue to play critical roles in advancing social, economic and human-development agendas, the need for consistent, comparable, transparent and decision-useful reporting has become more urgent. INPAS is intended to provide a globally coherent framework that enables non-profits to communicate performance, stewardship, accountability and impact using standardized accounting and disclosure principles.
INPAS is not only a harmonization exercise; it provides clarity in key reporting areas such as recognition of resource inflows, the accounting treatment of donor-imposed conditions, attribution of expenditure to program portfolios, measurement of performance, narrative reporting and fund accountability.
Training Modules
Introduction to International Non-Profit Accounting Standards (INPAS) Principles
ü Non-Profit Organizations
ü Concepts and pervasive principles
ü Narrative reporting
ü Fair value measurement
ü Foreign currency translation
ü Overview of accounting standards for the non-profit sector
ü Key principles and framework of INPAS
ü Relationship between INPAS and IFRS
ü The importance of harmonized reporting in global NGO
Conceptual Framework for Non-Profit Accounting
ü Objectives of financial reporting for NPOs
ü Accountability vs. profitability focus
ü Users of financial statements
ü Qualitative characteristics of financial information
ü Comparison with for-profit accounting frameworks
International Regulatory Frameworks
ü Role of the International Financial Reporting Standards Foundation
ü Overview of International Financial Reporting Standards
ü Overview of International Public Sector Accounting Standards
ü Guidance from the Charity Commission for England and Wales
ü Comparison with US GAAP (Nonprofit Standards issued by Financial Accounting Standards Board)
Fund Accounting
ü Nature and purpose of fund accounting
ü Restricted vs. unrestricted funds
ü Endowment accounting
ü Fund transfers and reporting
Revenue Recognition in Non-Profits
ü Donations and grants
ü Conditional vs. unconditional contributions
ü Pledges and receivables
ü Government grants accounting
ü In-kind contribution
Financial Reporting Framework for Non-Profit Entities
ü Structure and components of non-profit financial statements
ü Statement of financial position, income, and cash flow
ü Treatment of assets, liabilities, and fund balances
ü Practical Exercise: Preparing basic non-profit financial statements
Fund Accounting and Revenue Recognition
ü Restricted vs unrestricted funds
ü Treatment of donations, grants, and contributions
ü Recognition of deferred income and conditional grants
ü Workshop: Applying revenue recognition rules in donor-funded projects
Budgeting and Financial Planning in Non-Profit Organizations
ü Developing activity-based and results-based budgets
ü Budget variance analysis and control mechanisms
ü Linking financial planning to project objectives
ü Practical Exercise: Preparing a donor-funded project budget
Grant Management and Donor Reporting
ü Understanding donor funding agreements and requirements
ü Financial tracking and grant utilization reporting
ü Common compliance challenges and how to avoid them
ü Case Study: Effective donor reporting in multi-donor environments
Internal Controls and Financial Risk Management
ü Components of a robust internal control system
ü Identifying and mitigating financial risks
ü Fraud prevention and accountability mechanisms
ü Workshop: Designing an internal control and risk mitigation plan
Auditing and Assurance in Non-Profit Organizations
ü Internal vs external audits
ü Audit preparation and response process
ü Managing audit findings and follow-up actions
ü Practical Exercise: Preparing for an external audit
Ethics, Governance, and Transparency in Financial Management
ü Ethical standards in financial reporting and management
ü Roles and responsibilities of boards and management
ü Transparency and accountability principle
Technology and Automation in Non-Profit Accounting
ü Accounting software for non-profit organizations
ü Digital transformation and real-time financial tracking
ü Data protection and cybersecurity in financial systems
ü Practical Exercise: Setting up digital reporting workflows
Financial Performance Analysis and Sustainability Reporting
ü Key financial ratios and indicators for non-profits
ü Linking financial performance to program outcomes
ü Sustainability and social impact reporting
ü Workshop: Developing a financial sustainability report
Emerging Issues in Non-Profit Accounting
ü Sustainability reporting
ü Integrated reporting
ü Digital reporting and XBRL
ü Global standardization initiatives
How to Register: Kindly apply through the following link or drop us mail at info@aspm.co.ke or through https://aspm.co.ke/online-application