Course Description
For those with little or no prior training in accounting or financial administration, this course focuses on understanding and practicing foundational financial management practices, business planning, financial reporting, and fiscal decision-making in nonprofits. Covers a range of topics, including budgeting, financial statements, understanding revenue, accountability, and organizational fiscal health.
Athena Title
Nonprofit Financial Management
Equivalent Courses
Not open to students with credit in MNML 5445
Non-Traditional Format
This course will be taught 95% or more online.
Semester Course Offered
Not offered on a regular basis.
Grading System
A - F (Traditional)
Course Objectives
1. Gain a foundational knowledge of and appreciation for financial management as it relates to nonprofit management. 2. Understand business planning processes and techniques for nonprofit ventures. 3. Apply relevant financial planning, decision-making, and working capital techniques to nonprofit organizations. 4. Use projection techniques to estimate future costs and revenues. 5. Recognize how the nonprofit legal form influences the organizational structure and capital acquisition.
Topical Outline
1. Introduction to Nonprofits: Mission and Money 2. Business Planning for Nonprofits 3. Budgeting 4. Liquidity and Cash Flow 5. Costs and Cost Analysis 6. Basic Principles of Accounting and Reporting Requirements 7. Understanding Financial Statements 8. Financial Tools for Informed Decision Making 9. Understanding Revenues 10. Performance Measurement in Financial Management 11. Time Value of Money and Cost-Benefit Analysis 12. Capital Budgeting, Financing, and Investment Strategies 13. Internal Controls