NOPM 608 - Nonprofit Financial Management

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SU. Why are some nonprofit organizations more efficient and stewardly than others? This course establishes a foundation in financial management for those with minimal or no experience in accounting. Areas of emphasis include knowledge and skills needed for distributing and managing resources, and for performing and using analyses and reports to effectively steward the financial health of the organization. Topics include key accounting principles, an overview of financial statements and how they are used in the budget development process and cash flow analysis, understanding the audit report, maximizing investment policy, and the responsibilities regarding government compliance. All of these will be looked at through the lens of ethical standards. Prerequisite: admission into the graduate business program.