Course Title:

Financial ESSENTIALS for Not-for-Profit Managers

Course Description:

Managers of nonprofit organizations generally are not skilled in financial matters.  Or, managers are often preoccupied with its welfare objectives and ignore the operations efficiency and operating cost controls.  A series of appropriate questions that nonprofit financial managers must address in connection with an organization’s financial condition and activity include: 1.  Do we have a profit or a loss?  2.  Do we have sufficient reserves?  3.  Are we liquid?  4.  Do we have strong internal controls?  5.  Are we operating efficiently?  6.  Are we meeting our budget?  7.  Are our programs valid?  8.  Are we competing successfully? 9. Is our prioritizing of programs and activities reasonable?

The course is an attempt to help answer theses questions.

Prerequisites:

Basic math

Basic statistics

Basic accounting

Level:

Intermediate to advanced