This information is helpful for non-financial management and board of directors of Not-for-profit organizations (NFPO) so they can understand the financial part of being a board member or an executive director of a NFPO. A lot of board members have different experiences and have worked in different industries but not all board of directors are comfortable with the financial aspect of their fiduciary duties as board members for a NFPO. They are however required to have the basic knowledge of the finances and financial governance for the organization.

What is financial governance?

Financial governance refers to the processes and structures used to direct and manage an organization’s financial transactions and activities. These are the resources, people or material resources, that you put together as management of a NFPO or as a board of director to ensure that the assets of the NFPO is used effectively and efficiently, that the assets are protected and used for the...

Micro-learning:

There is currently a lot of discussion on how education is failing society, people are frustrated with the length of time spent in school, the debt accumulated and yet there are still some gaps in skills required to succeed in today’s rapidly evolving world. I see a future where all unnecessary and lengthy courses will be eliminated, and people will rather go for programs that are short and focused on the skills desired. This will reduce the length of time spent acquiring skills and as a result the cost of education will be reduced.

The Accounting Specialist Accelerated Program is major and skill focused, hence a 2 years accounting program in a regular college has been condensed into a 3 - 9 months focused program. The school also currently uses a blended program style were online trainings are available to students but students still come to a live virtual or face-to-face classroom to receive some lectures and get their questions answered. This is the future...