HL437 Finance for Managers

Course Description

Managers from every organization should be able to understand financial information contained in financial statements and reports. This course trains students in the interpretation and use of basic financial information with a special focus on nonprofit organizations. 3 credits

Course Learning Outcomes

At the conclusion of the course, students will be able to:

  • Evaluate the financial health of organization through reading and analyzing financial documents including the form 990, audits and review, and internal reports.
  • Prepare various budgets including grant budgets, program budgets, capital budgets, and operating budgets.
  • Evaluate the effectiveness and efficiency of the organization’s accounting/finance department.
  • Ensure that an organization is compliant with all federal and state reporting requirements involving the submission of financial documents.

Course Topics

(Subject to Change)

  • The audit, how to read, when one is needed, how to select an auditor
  • Understanding the various 990’s
  • Internal reports for staff and board
  • Grant budgeting
  • Program and operating budgets
  • Capital budgets and buying/renovating a building
  • Reporting requirements
  • Financial policies and procedures

Course Materials

(Subject to Change)

  • Will be supplied by instructor and will include case studies, IRS information, Guidestar information.