From Dollars to Sense: Nonprofit Financial Management Course - May 7th - June 11th

Introduces students to the major financial management concepts and techniques required for effective management of nonprofit organizations. Managing one’s budget well is an essential skill for the nonprofit manager because the organization’s core mission cannot be served if the financial health of the organization is in jeopardy. Offers students an opportunity to learn about nonprofit accounting, budget management, revenue forecasting, financial statements and reports, tax issues, grant compliance, internal expenditure control, audits, cash flow management, long-term financial planning, endowment management, and capital financing.

Upon completion of the Nonprofit Financial Management course, students will have the opportunity:

•       Assess the impact that law and regulatory schemes have on the financial operations, reporting and compliance issues in nonprofit organizations

•       Interpret the rules of the Financial Accounting Standards Board and related Generally Accepted Accounting Principles

•       Develop core financial statements, including Statement of Financial Position, Statement of Activities and Cash Flow Statement

•       Develop various types of nonprofit budgets based on an analysis of the budget planning and preparation process

•       Analyze best practices for internal financial controls and accounting management systems