How to Read a Nonprofit Financial Statement
$79.00
Hours to Complete: 3
Understanding what the numbers say about the health of your nonprofit is critical to being able to manage the organization successfully. This course will develop your ability to appropriately interpret the major financial accounting statements that are used by nonprofit organizations. You will gain an understanding of the types of financial statements that are used by nonprofit organizations, and how they differ from for-profit financial reporting. Also, the course demonstrates the power and limitations of accounting information in assessing financial performance and decision-making. You will also learn the uses of financial statement analysis, or ratio analysis for nonprofit organizations.
NOTE: You’ll receive instructions shortly on how to access your course. This can take up to 48 business hours.
What You’ll Learn:
- Analyze the information found in nonprofit statements of financial positions
Analyze the information found in the statement of activities
Analyze the information found in the statement of cash flows
Define and calculate the ratios within each category
Define financial (ratio) analysis and explain its objectives and limitations
Describe the nature of business enterprises and nonprofit organizations, as reflected by the statement
Identify and describe the documents and financial statements included in a nonprofit organization's
Identify the various categories of financial ratios used in nonprofit analyses
Benefits:
Instructor:
Rick Cramer, Subject Matter Expert
Bio:
Rick holds an M.A. in Social Science from Binghamton University. He also holds a Ph.D. in Educational Technology. Although his formal education is not specifically targeted on Business, he has extensive life experience working for a couple of Fortune 500 companies as well as owning his own businesses. He is currently a pastor at a growing, multi-site church where he has the opportunity to use his business expertise and his passion for discipleship. He teaches several college-level courses at Clarks Summit University. He manages the Nonprofit Management certificate offered by Clarks Summit University in partnership with MindEdge.
Time to Complete:
Learners will have 90 days from registration to complete the course. It is self-paced, with no need to be online at specific times.Location Information:
The login will be provided with instructions after registration.This microcourse is licensed for individual use only; course content cannot be recorded or shared with non-registrants.
This course includes an “Ask the Expert” feature. You can use this feature to submit questions about course content. A subject matter expert will provide guidance or point you to additional resources for the topics you’re studying. Questions are answered as quickly as possible and usually within 48 hours.
Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEUs.
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