| Course ID: | MNML 7445E. 3 hours. |
| Course Title: | Nonprofit Financial Management |
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,
organizational fiscal health. |
| Oasis Title: | Nonprofit Financial Management |
| Duplicate Credit: | Not open to students with credit in MNML 7445 |
| Nontraditional Format: | This course will be taught 95% or more online. |
Semester Course
Offered: | Offered fall semester every year. |
| 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
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 |