Financial Management in Nonprofit Organizations
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Level: Undergraduate, Graduate
Division: The New School for Public Engagement
School: Milano School of International Affairs, Management, and Urban Policy
Department: Milano General Curriculum
Course Number: NMGM 5002
Course Format: Lecture, Seminar
Location: NYC campus
Permission Required: No
- Nonprofit Management
The primary objective of this course is to enhance students understanding of financial management principles relating to decision-making in nonprofit organizations. We review both common and unique analysis tools and techniques as they are applied to this distinct business environment. The first half of the course focuses on planning and budgeting, to gain an understanding of how resources are allocated to both short-term and long-term objectives, as well as monitoring performance, and adjusting plans and expectations. In addition, we discuss fraud issues and concerns, and various other topics including IRS and state regulatory issues.The second half focuses on information found in nonprofit financial statements. We review the accounting and transaction recording process, the presentation of accounting information, terminology, and the ways this data can be used to provide meaningful conclusions about the financial position and performance of a nonprofit operation and its programs. Particular attention is paid to how this information is communicated to and used by non-financial managers.Throughout the course, we employ case studies and real-life examples to illustrate major topics. Requirement for the MS, Nonprofit Management.
Course Open to: Degree Students with Restrictions
Not open to Freshman students.
Not open to Junior students.
Not open to Sophomore students.