How to Read a Nonprofit Financial Statement
This course will develop your ability to appropriately interpret the major financial accounting statements that are used by nonprofit organizations. Ideally, 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, you should gain an appreciation of both 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.
After completing this course, you'll be able to:
- 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
This course is self-paced and online. You will have access to this course for 30 days. Upon successful completion, you will receive a Winchester Center for Management Development certificate of completion.
Target Audience: This course is designed for adult learners involved or interested in nonprofit management.
Level: Introductory/No Prerequisites
Estimated time to complete: 3-5 hours
Successful Completion Requirement for IACET CEU: Learners must score an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEU credit.
Cost: $79.00
Duration: 30 days
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