FIN406 Financial Management of Nonprofit Organizations
Financial resources are the lifeblood of nonprofit organizations. This course is a survey of principles, skills and disciplines necessary to build and nurture a healthy and sustainable financial ecosystem that mobilizes a nonprofit for its declared purpose.
Credits: 3
Student learning outcomes
- Understand basic accounting and financial terminology used in the nonprofit sector.
- Understand the basic financial statements in the nonprofit sector and how they are used to analyze the performance and health of the nonprofit organization.
- Understand the unique nature of ethical decision-making in the nonprofit organization.
- Understand the purpose of budgeting in the nonprofit sector and how to create and manage an operating budget.
- Understand the dynamics of building a sustainable financial model that is fundamentally aligned with the organization's mission and objectives.
- Understand the reporting and regulatory requirements of the nonprofit organization.