Financial Essentials for Nonprofit Managers

Course Information

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Title: Financial Essentials for Nonprofit Managers
Category: Finance
Field of Study: Finance
Course Code: F020-0321
CPE Credits: 12.0
Price: 65.95

Description

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.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

Course Details

Category: Finance

Field of Study: Finance

Passing Score: 70%

Publication Date: 12/04/2020

Technical Details: Finance: Technical

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Objectives

Objectives:

Chapter 1: What Every Nonprofit Manager Should Know About Accounting and Finance 1. Recognize financing options available to nonprofit organizations. 2. Identify different cost types and classification for the nonprofit organization. 3. Recognize costs that are relevant to nonprofit decision making.

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Profession Identifiers: CPA