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How to Read a Nonprofit Financial Statement Online

Course Description

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.


This program is open enrollment (fully online) and can begin within 2-3 business days of registration.

Registration is ongoing throughout 2021.

Estimated time to complete: 3 hours

Access to this program is 90 days.


Learning Outcomes

  • Identify and describe the documents and financial statements included in a nonprofit organization's financial report

  • 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

  • Describe the nature of business enterprises and nonprofit organizations, as reflected by the statement of financial position

  • Define financial (ratio) analysis and explain its objectives and limitations

  • Identify the various categories of financial ratios used in nonprofit analyses

  • Define and calculate the ratios within each category


Key Features

  • Expert-supported

  • Mobile-friendly

  • Accessible

  • Badge and credit-awarding

  • Games & Flashcards

  • Video content

  • Real-world case studies

  • Audio-enabled in app


Notes

Although this course is introductory, having some understanding of basic finance concepts is helpful.

This course has an "Ask the Expert" feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 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. Learners will have three attempts at all graded assessments.

Instructor : MindEdge
Dates : 11/30/21
Days : Online
From : -
Fee : $ 79.00
Course Number : ME-267


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