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
- Not offered this term
- This course is not offered this term. Notify me to receive email notifications when the course opens for registration next term.
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
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.