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.
- No prerequisites are required for this course.
Below is one offering of NPMA 1700 for the Winter 2023 term.
Wed Jan 04 - Sat Mar 25 (12 weeks)
- 12 weeks
- CRN 79379
Class meeting times
|Jan 04 - Mar 25||N/A||N/A||Online|
- Internet delivery format.
Students are permitted to register up until the first week without approval. Please note that the lecture component for this course is asynchronous; you are not required to meet each week at a specific time, however, there will be specific timelines for assignments and exams. It is important you have a stable and consistent internet connection to access course content. 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 for a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
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
Financial Management for Nonprofit Organizations (NPMA 1700) is offered as a part of the following programs:
School of Business + Media
Interested in being notified about future offerings of Financial Management for Nonprofit Organizations (NPMA 1700)? If so, fill out the information below and we'll notify you by email when courses for each new term are displayed here.
Programs and courses are subject to change without notice.