- Help: email@example.com
Course 405 - Financial Planning for Nonprofits
Course 405 - Financial Management for Nonprofit Organizations (3 credits)
The focus of this course is financial planning, including such topics as: basic planning and leadership principles, underlying organizational issues involved with planning and budgeting, financial planning principles and practices, including in-depth analysis of one organization’s planning process, knowledge of how organizational ethics, norms, strategic planning and direction influence both its income and expenses.
This course counts toward credit as a Certified Fund Raising Executive (CFRE Certification).
Professor: Barbara Clemenson
Learning Objectives for this Course
- Understand the differences between management accounting and financial accounting.
- Understand the challenges with management accounting.
- Understand the importance and essence of information, and know how we can become better users and providers of information.
- Understand why planning is important, and know how to take the first steps in planning for an organization.
- Learn from a nonprofit executive what information he/she believes is important and what they use to make the decisions they face.
- Understand the critical importance of ethics in financing, both personally and organizationally.
- Assess their own ethics and determine one area in which they will become, with God's help, a person of greater integrity.
- Reflect on an organization that displayed great or little integrity.
- Understand what a budget is, and what it isn't.
- Know the proper process for planning a budget, including what questions to ask and answer BEFORE planning.
- Walk through a sample process of budgeting.
- Understand the major principles of sound budgeting, and the dangers of not following them.
- Understand the importance of setting goals and designing plans.
- Understand the differences between wants and needs, and be able to articulate, as well as empirically and objectively provide support for their program's needs.
- Be able to ask critical questions in order to assess if their organization should begin a program.
- Articulate the difference between outputs and outcomes, and formula precise outcomes for their programs.
- Understand at a deeper level how to actually plan in an organization.
- See samples of two years of actual budgeting worksheets and presentations from one organization.
- Refine their ability to articulate program needs and outcomes.
- Develop appropriate program activities and list needed inputs, based on those activities.
- Understand the expenses associated with program inputs, including:
- Direct expenses
- Indirect expenses
- Employee expenses
- Operating and capital expenses
- Determine expenses for their program, based upon the program inputs
- Understand that basics of nonprofit income, including:
- The difference between earned and unearned income
- The advantages and disadvantages of each type of incom
- Determine what kind(s) of income are best suited for their program, and write a development plan to fund their program, explaining and justifying their decisions.
- Understand that basics of capital campaign planning -- both expenses and income -- and how engaging in a capital campaign is different than and impacts an organization's ongoing operating budget.
- Apply the principles they have learned by analyzing the budgeting process of a nonprofit organization, assessing their procedures and offering recommendations.
- Understand the importance of planning for cash flow for both operations and capital expenditures.
- Understand how cash flow issues, including seasonality, impacts an organization's financial planning.
- Apply the financial planning princles they have learned throughout the course by completing their project proposal.
Course Materials & Tuition
|The Budget-Building Book for Nonprofits||$32.00|
|The Cash Flow Management Book for Nonprofits||$30.00|
Total Cost of Course
- Contact us for more information.
Before paying for the course using the "Add to Cart" process you must be an enrolled student with City Vision College and have read the "Cancellations and Settlements" form. For Admission and Enrollment procedures please visit our "Enroll Now" page.