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How to Read a Non-Profit Financial Statement
This course will develop your ability to appropriately interpret the major financial accounting statements that are used by non-profit organizations. Ideally, you will gain an understanding of the types of financial statements that are used by non-profit organizations, and how they differ from for-profit financial reporting. Also, you should gain an appreciation of both the power and limitations of accounting information in assessing financial performance and decision-making. You will also learn the uses of financial statement analysis, or ratio analysis for non-profit organizations.
After completing this course, you'll be able to:
- Identify and describe the documents and financial statements included in a non-profit organization's financial report
- Analyze the information found in non-profit statements of financial positions
- Analyze the information found in the statement of activities
- Analyze the information found in the statement of cash flows
- Describe the nature of business enterprises and non-profit organizations, as reflected by the statement of financial position
- Define financial (ratio) analysis and explain its objectives and limitations
- Identify the various categories of financial ratios used in non-profit analyses
- Define and calculate the ratios within each category
This course is self-paced and online. You will have access to this course for 30 days. Upon successful completion, you will receive a Winchester Center for Management Development certificate of completion.
Target Audience: This course is designed for adult learners involved or interested in non-profit management.
Level: Introductory/No Prerequisites
Estimated time to complete: 3-5 hours
Successful Completion Requirement for IACET CEU: Learners must score an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEU credit. Cost: $79.00 Duration: 30 days
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