: This course will develop your ability to appropriately interpret the major financial accounting statements that are used by nonprofit organizations. Ideally, you will gain an understanding of the types of financial statements that are used by nonprofit 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 nonprofit organizations.
: This course has a "Mentor Expert" helpdesk feature. Learners have the ability to submit questions directly to an expert in the field you are studying.
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Lesson 1
Module 1: Introduction to Nonprofit Financial Reporting
Purpose of financial accounting in nonprofits
Users of nonprofit financial statements
Differences between nonprofit and for?profit reporting
Module 2: Components of the Nonprofit Financial Report
Required financial statements and supporting documents
Notes to financial statements
Role of governance and accountability
Module 3: Statement of Financial Position
Assets, liabilities, and net assets
Net asset classifications
Interpreting financial condition
Module 4: Statement of Activities
Revenue recognition and expense reporting
Changes in net assets
Measuring operating performance
Module 5: Statement of Cash Flows
Operating, investing, and financing activities
Cash versus accrual information
Assessing liquidity and sustainability
Module 6: Interpreting Nonprofit Financial Structure
Financial characteristics of nonprofits versus businesses
Resource dependency and restrictions
Financial position implications
Module 7: Financial Statement (Ratio) Analysis
Purpose and uses of ratio analysis
Strengths and limitations of accounting information
Decision?making applications
Module 8: Nonprofit Financial Ratios
Categories of nonprofit financial ratios
Definitions and interpretations
Calculating key ratios and performance indicators
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