Learn to use Aplos, a software specifically designed for Not for Profit Organizations, from a practicing CPA
β±οΈ Length: 8.9 total hours
β 4.57/5 rating
π₯ 31,224 students
π April 2020 update
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Course Overview
- This course offers an unparalleled deep dive into Aplos, the accounting software meticulously crafted for the unique financial needs of Not-for-Profit organizations.
- Guided by a seasoned CPA, you’ll transcend mere software navigation, instead gaining a comprehensive understanding of how to leverage Aplos as a strategic tool for financial stewardship and compliance within the NFP sector.
- From intricate fund tracking mechanisms to robust reporting functionalities, this program is designed to equip you with the practical expertise necessary to manage NFP finances with clarity, accuracy, and confidence.
- It emphasizes real-world application, ensuring learners can immediately translate their newfound knowledge into tangible improvements in their organization’s financial operations.
- Beyond basic data entry, you will explore best practices for maintaining transparent and auditable financial records, crucial for sustaining donor trust and regulatory adherence.
- This isn’t just a software tutorial; it’s a pathway to becoming a more effective financial manager for mission-driven entities.
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Requirements / Prerequisites
- Fundamental Accounting Knowledge: A basic grasp of accounting principles, such as debits, credits, and the accounting equation, will provide a solid foundation for understanding the concepts taught.
- Interest in NFP Finance: Enthusiasm for learning about the specific financial challenges and reporting requirements inherent in Not-for-Profit entities is highly encouraged.
- Computer and Internet Access: A reliable computer with an active internet connection is essential for accessing course materials and the Aplos software environment.
- Aplos Software Access: While the course may initially utilize trial versions, practical application will benefit greatly from access to the Aplos software, either through a free trial or a paid subscription.
- No Prior Aplos Experience Required: This course is structured to guide learners from foundational setup to advanced reporting, making it suitable for beginners to Aplos.
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Skills Covered / Tools Used
- NFP Financial Stewardship: Develop an expert-level capacity for overseeing the financial health and sustainability of Not-for-Profit organizations, ensuring resources align with mission objectives.
- Compliance Reporting Mastery: Gain proficiency in producing financial statements and reports that meet stringent NFP accounting standards (e.g., FASB ASC 958), crucial for accountability and transparency.
- Strategic Resource Allocation: Learn to utilize Aplos’s advanced tracking features to make informed decisions about where funds are directed, optimizing impact and ensuring adherence to donor restrictions.
- Data Integrity and Audit Preparedness: Cultivate meticulous data entry habits and understand how to maintain pristine financial records, significantly reducing risks during audits and improving overall financial reliability.
- Donor-Centric Financial Management: Understand how financial reporting can be tailored to communicate effectively with various stakeholders, including donors, board members, and grant providers, enhancing trust and support.
- Budgeting and Forecasting Integration: Explore how Aplos can support dynamic budgeting processes, allowing for real-time monitoring against financial plans and aiding in future strategic planning.
- Workflow Optimization for NFP Accounting: Discover efficient practices for managing daily, monthly, and annual accounting cycles within an NFP context, streamlining operations and saving valuable time.
- Financial Narrative Development: Learn to interpret financial data from Aplos and translate it into a compelling narrative that tells the story of your organization’s financial health and program impact.
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Benefits / Outcomes
- Enhanced Financial Confidence: Graduates will possess a robust understanding of NFP accounting principles and Aplos functionalities, empowering them to manage organizational finances with greater assurance.
- Improved Operational Efficiency: Master streamlined workflows within Aplos, leading to significant time savings in financial record-keeping, reporting, and reconciliation processes.
- Superior Stakeholder Communication: Develop the ability to generate clear, concise, and compliant financial reports that effectively communicate financial health and program impact to donors, board members, and regulatory bodies.
- Reduced Audit Risk: Gain the skills to maintain meticulous records and produce accurate reports, fostering a strong audit trail and minimizing potential scrutiny.
- Strategic Decision-Making Capability: Utilize Aplos’s analytical tools to extract actionable insights from financial data, enabling more informed and strategic decisions for the organization’s future.
- Career Advancement in NFP Sector: This specialized expertise positions learners as invaluable assets to Not-for-Profit organizations, opening doors to advanced roles in financial management and leadership.
- Ensured Regulatory Compliance: Confidently navigate the complex landscape of NFP accounting standards, ensuring your organization remains compliant and maintains its tax-exempt status.
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PROS
- Expert Instruction: Learn directly from a practicing CPA with real-world experience, ensuring practical, applicable insights beyond theoretical knowledge.
- Niche Specialization: Focuses entirely on Aplos, a software specifically tailored for Not-for-Profit organizations, providing highly relevant and in-demand skills.
- Hands-On Learning: Designed for immediate application, allowing learners to practice and implement concepts directly within the software environment.
- Comprehensive Skill Set: Covers a broad spectrum of NFP financial management, from foundational setup to advanced strategic reporting.
- Career Relevance: Equips individuals with specialized skills highly valued within the growing Not-for-Profit sector, enhancing professional growth and employability.
- Efficiency Gains: Empowers users to significantly improve the accuracy, transparency, and speed of their organization’s financial operations.
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CONS
- Software Access Requirement: Learners will need access to Aplos software, which may incur costs beyond any initial free trial period, to fully apply the course material.
Learning Tracks: English,Finance & Accounting,Accounting & Bookkeeping
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