Culver City, CA (PressExposure) February 05, 2015 -- Sheila Shanker, a California CPA, has just released her second book, "Nonprofit Finance: A Practical Guide." This useful guide explains important fiscal issues typical of nonprofit organizations, such as financial statements, revenues, and taxes. Tips based on the author's real-life experiences make this book helpful to both financial professionals and board members with no major accounting background.
The typical structure of an organization is discussed along with accounting basics and audits in an easy to understand style. Controllers will appreciate the detailed examples, while board members will benefit from the financial reporting examples, analysis, and recommendations.
For those interested in checks and balances, an entire chapter of the book is dedicated to internal controls specific to nonprofits, discussing the importance of segregation of duties, risks, and control options. Warnings about known scams, and how to avoid them are included in this chapter as well.
As many organizations receive government funding, the chapter covering the new OMNI federal circular is particularly relevant, including grant compliance issues, costs, and overhead. Grant budgets, audits and other relevant considerations in this area are explained in detail.
Not only does this publication clarify technical terms, it also provides numerous real-life situations, making the concepts easy to understand and apply. Experience matters, and Sheila's 20+ years of hands-on work as Consultant, Controller, Director of Finance, Treasurer, and CFO within the nonprofit world has given her the inside track that she shares with you in this publication.
Outside of working with various clients, Sheila demonstrates her commitment to the field of education by teaching online MBA Program courses at the University of Liverpool - UK. While teaching there for many years, she has earned the designations of "Recognized" and "Honored/Honorary" instructor. Sheila has also been developing and writing online continuing professional education courses for CPAs and other practitioners.
A prolific writer, Sheila has over 200 articles published online and in print, including the Nonprofit World, The Journal of Accountancy, and the California Association of Nonprofits newsletter. Some of her online articles have been translated to Spanish and Portuguese for international distribution.