PSC081 - How to Read a Nonprofit Financial Statement
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.
Learner Outcomes
After completing this course, you'll be able to:
- Identify and describe the documents and financial statements included in a nonprofit organization
- 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
- 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
Upon completion of the course, learners may be eligible for:
- IACET CEUs: 0.3 (Contact hours: 3 hours)
- HRCI Credits: 3 (Type: Specified - Strategic Business)
- SHRM PDCs: 3
- CFRE Points: 3
Please Note:
Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEUs.
Notes
This course is offered through our curriculum partner, MindEdge, Inc. MindEdge was founded in 1998 by Harvard and MIT educators with a mission to improve the way the world learns. Since then, more than three million learners have participated in MindEdge programs.
Registered students will receive individualized communication with further instructions to help you prepare for class.