By: Brenda Blunt
The American Institute of Certified Public Accountants (“AICPA”) announced a few weeks back a Not-For-Profit Certificate Program as part of the AICPA’s efforts to deliver resources to its newly formed NFP Section. At the time, there was very little information about what the courses would cover or how the certificate would work. Within the last day or two, the AICPA has now posted some detail including course titles and a description of the certificate. There are 24 courses in the following four areas: Introduction, Accounting and Financial Reporting, Tax Compliance, and Governance and Assurance. These are short courses (at an estimated 40 hours to complete the certificate, that pencils out to about an hour and a half per course). Without actually taking the courses (which I have not done yet), it sounds like this would be useful for CFO’s, controllers in industry, staff and seniors with public accounting firms who do a lot of NFP work and managers and partners who dabble in the area.
Is it worth the price? It runs $799 for AICPA members and $999 for non-members, with discounts for group purchases. It does count for about 40 hours of professional continuing education, which for CPA’s seems like a good deal – assuming the content is valuable. I look forward to seeing comments and reviews from people taking the courses and getting the certificate – time and experience will tell.