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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.
This course isn't currently offered through BCIT Part-time Studies. Please check back next term or subscribe to receive email updates.
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
NPMA 1700 is offered as a part of the following programs:
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