Course Overview
This introductory course helps you apply financial management principles in a not-for-profit organization. It familiarizes the student with accounting essentials, the financial management cycle, budgeting, payroll, and reports and statements. You will explore regulatory compliance and issues specifically related to not-for-profits. Prior accounting knowledge is an asset, but not required. While some numerical competency is necessary together with basic spreadsheet abilities, this is not a course aimed at those wishing to embark on a career in accounting/finance, but rather a general manager hoping to gain basic fluency in fundamental principles of financial management.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
3.0
Domestic fees
$539.73
International fees are typically 3.4 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Explain the duties and responsibilities of preparers and users of internal and external financial information in a not-for-profit organization.
- Recommend appropriate financial information systems for internal and external audiences.
- Discuss various approaches to budgeting in a not-for-profit organization.
- Describe accounting and auditing standards (types of reports) issued by recognized bodies and associations.
- Explain Federal and Provincial compliance requirements.
- Apply the financial management process within a not-for-profit organization.
- Explain the fiduciary responsibility of Directors.
- Describe the importance of capital reserves to the long-term financial health of the organization.
Effective as of Winter 2018
Related Programs
Financial Management for Nonprofit Organizations (NPMA 1700) is offered as a part of the following programs:
- Indicates programs accepting international students.
School of Business + Media
- Marketing Management - Fundraising Management
Associate Certificate Part-time
- Nonprofit Management
Associate Certificate Part-time
Course Offerings
Winter 2027
Below is one offering of NPMA 1700 for the Winter 2027 term.
CRN 93850
Dates
Jan 04 - Mar 27 Loading
- CRN 93850
- $539.73 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 04 - Mar 27 | N/A | N/A | Online |
Duration
12 weeks
Instructor
TBD
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Please note that the lecture component for this course is asynchronous, not requiring you to meet each week at a specific time, however, there will be specific timelines for assignments and exams. Please check the following link to ensure you meet the computer requirements for the class. www.bcit.ca/files/business/pdf/bcit-sobm-byod.pdf. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more if it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Confirmation
Required
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Status
If you have any questions about this course, please contact us.
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.