Self-Study
14
Intermediate
Specialized Knowledge
Basic math, statistics, and accounting.

Course Description

Many nonprofit managers lack the necessary training to handle financial matters, and still more are so preoccupied with organizational objectives and fundraising that they neglect operations efficiency and cost controls. This course provides a primer on essential financial concepts and will help you answer the following questions:

  • Do we have a profit or a loss?
  • Do we have sufficient reserves?
  • Do we have sufficient liquidity?
  • Do we have strong internal controls?
  • Are we operating efficiently?
  • Are we meeting our budget?
  • Are our programs valid?
  • Are we competing successfully?



Instructor

Delta Publishing

For many years, Delta Publishing has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.



Course Specifics

Specialized Knowledge
Dec 16, 2016
Basic math, statistics, and accounting.
SS5131184
327
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • List and describe the characteristics of nonprofit organizations
  • Define the goals of financial management in nonprofit organization
  • Clarify and classify the characteristics of for-profit and nonprofit
  • Explain the role of investors and contributors
  • Compare and evaluate assets and liabilities/revenues and expenses
  • State the need for more sound information systems
  • Give examples of cost concepts
  • Perform break-even and cost-volume-revenue analysis

Chapter 2

  • Construct a guide for chart of accounts
  • Develop a statement of financial position (balance sheet)
  • Differentiate between accrual vs. cash basis
  • Explain the concept of a statement of activities
  • Explain and describe the current unrestricted fund (general fund, operating fund)
  • Elaborate on the processes of budget recording and accountability
  • Discuss and give examples of accounting by specific nonprofit organizations

Chapter 3

  • Outline the concepts answered by Cost-Volume-Revenue (CVR) analysis
  • Differentiate among the types of fixed costs programs and specific or common programs
  • Discuss CVR analysis with variable revenue only
  • Demonstrate and explain break-even analysis
  • Develop a graphical approach and a spreadsheet format
  • Implement a program for mix analysis
  • Identify the available management options

Chapter 4

  • Explain and give examples of trend analysis
  • Conduct an analysis of the balance sheet
  • Prepare an appraisal for solvency, capital structure, and net assets (fund balance)
  • Evaluate the statement of activities
  • Spot potential bankruptcy conditions and avoid financial problems

Chapter 5

  • Give examples of and explain forecasting methodology
  • Summarize the common features and assumptions inherent in forecasting
  • List the steps in the forecasting process
  • Differentiate between moving averages and smoothing method
  • List and give examples of the various models used for regression analysis
  • Prepare a check list and evaluation for forecasts
  • Define the terms associated with: MAD, MSE, RMSE, and MAPE

Chapter 6

  • Illustrate the processes used in strategic planning
  • Explain and discuss a 'what-if' analysis
  • Define contingency planning
  • List and explain the various types of budgets
  • Differentiate between cash basis vs. accrual basis budgets
  • Develop an operating budget
  • Conduct a budget appraisal
  • Prepare a variance determination and analysis
  • Initiate a system for budgetary control
  • Develop a budget for specific NPOs such as hospitals, libraries, and social services

Chapter 7

  • Develop and explain Zero Base Budgeting (ZBB)
  • Describe ZBB procedures
  • Outline the characteristics of program budgeting
  • Explain the time considerations and financial aspects of program budgeting process

Chapter 8

  • State how costs behave
  • Explain the high-low method
  • Demonstrate regression analysis
  • Describe how flexible budgeting is used for cost control
  • Explain the relationship between standard costs and variance analysis

Chapter 9

  • Discuss the long and short of responsibility accounting
  • Classify and explain each of responsibility centers
  • Distinguish between mission centers and service centers
  • Identify the private sector measures
  • Develop segmental reporting for mission centers
  • List performance measures and metrics for managerial control

Chapter 10

  • Locate sources for potential seed capital
  • Conduct a fund raising program
  • Prepare bids for grants and contracts
  • Outline the concepts associated with royalties and licenses
  • Differentiate between government loans and bank loans
  • Distinguish between intermediate-term loans and long-term loans
  • Utilize bridge financing, equipment financing and construction financing
  • Differentiate between long-term debts: mortgages and bonds payable
  • Perform a risk analysis
  • Discuss the cost of financing and the timing of financing

Chapter 11

  • Use working capital management effectively
  • Utilize a system for cash management
  • Give examples of and explain the various cash models available
  • State how to take advantage of a cash discount
  • Develop banking relationships
  • Facilitate the management of pledges and other receivables
  • Prepare an inventory management process
  • Develop strategies for investing surplus funds and investment strategies
  • Detail the uses of other money-market (short-term fixed income) securities
  • Compute the yield on securities
  • Evaluate money market funds
  • Explain the caveat about derivatives

Chapter 12

  • Conduct a cost analysis for pricing
  • Implement a cost finding and pricing strategy
  • Prepare an allocation of service center costs to mission centers
  • Develop a procedure for service center cost-allocation
  • Differentiate between direct method, step-down (two-stage) method, and reciprocal method
  • Explain the organizational considerations of cost control
  • Outline the procedure for activity-based costing (ABC)
  • Explain the value and use of ABC

Chapter 13

  • Evaluate a make or buy decision
  • Evaluate a proposal to discontinue a program
  • Prepare and discuss capital budgeting
  • Identify a variety of types of investment projects
  • Describe the features of various investment projects
  • Describe the concept of time value of money
  • Calculate future values and explain how money grows
  • Compute the present value
  • Discuss the present value of mixed streams of cash flows
  • Discuss how to use financial calculators and spreadsheet programs for capital expenditure analysis
  • Select the best mix of projects with a limited budget
  • Explain how to determine the cost of capital used as the discount rate
  • Determine the benefits of lease versus purchase
  • Implement program analysis through financial modeling


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