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.