Description:
Managers of nonprofit organizations (NPOs) generally are not skilled in financial matters. Or, managers are often preoccupied with its welfare objectives and fund raising 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 these questions.
Topics Covered:
- What Every Nonprofit Manager Should Know About Accounting and Finance
- Accounting Basics for Nonprofits
- Cost-Volume-Revenue Analysis: Are We Breaking Even?
- Financial Analysis and Metrics: Avoiding Bankruptcy
- Forecasting: Revenues, Costs, and Cash Flows
- The Budgeting Process: Device for Planning and Control
- Zero Base Budgeting and Program Budgeting
- Cost Behavior, Cost Control, and Flexible Budgeting
- Enhancing Managerial and Departmental Performance
- Obtaining Funds: Short-Term and Long-Term Financing
- Managing Working Capital and Investing Surplus Funds
- Cost Management and Pricing Decisions
- Analysis for Short-Term and Capital Expenditure Decisions and Financial Modeling
Category: Specialized Knowledge
Delivery Method: Online
Level: Intermediate
Prerequisites: None
Passing Score: 70%
NASBA: Yes QAS Self Study
Author: Delta Publishing
ABOUT THE SUBJECT MATTER EXPERT:
Dr. Jae K. Shim is Professor of Business at California State University, Long Beach,
California. Dr. Shim received his MBA and Ph.D. degrees from the University of California at Berkeley (Haas School of Business.) He has co-authored over 50 professional business books and has been a consultant to commercial and nonprofit organizations for over 30 years.
