NMI 103: Effective Financial Management Principles (July 2025)
In this course, you will learn basic accounting principles and how to interpret and manage financial statements for a nonprofit organization. In addition, you will also learn the difference between accrual and cash basis accounting, and the importance of internal controls to protect the assets of your organization. Finally, you will learn how to analyze and use tax form 990, along with your organization’s annual report, as public relations tools.
Learning Objectives:
- Describe the relationships between and among the major players in the structure of financial governance.
- Explain common internal controls and how they can protect the assets of an organization.
- Distinguish between accrual versus cash-based accounting.
- Differentiate between different classes of net assets.
- Differentiate between contribution versus exchange transactions.
- Develop a budget with reasonable, justifiable assumptions
- Analyze a set of basic nonprofit financial statements and describe different types of business transactions.
- Analyze financial reports and evaluate trends.
- Determine the financial strength of a nonprofit.
- Distinguish among three types of accountant’s reports and audit opinions.
- Analyze the main components of a 990; explain where the public can find them and how they can be used as a public relations tool.
This course will consist of article reading, discussion questions, authentic assessments, and self-tests to enhance learning and build upon prior knowledge.
NMI courses are taught using the Canvas learning management system and include a variety of multimedia tools and resources. To ensure you can successfully access the multimedia tools in your courses, we recommend you use a standard PC or Mac desktop or laptop. Mobile devices are not recommended. Courses are best accessed using a high-speed Internet connection and a modern web browser such as Microsoft Edge, Firefox, Chrome or Safari.
Early Bird special: $349 (ends two weeks before course start date, retail $379).
Program description
Program dates
Delivery method
Cost
In this course, participants will learn basic accounting principles and how to interpret and manage financial statements for a nonprofit organization. In addition, you will also learn the difference between accrual and cash basis accounting, and the importance of internal controls to protect the assets of your organization. Finally, you will learn how to analyze and use tax form 990, along with your organization’s annual report, as public relations tools.
This course is required for:
Fundraising and Sustainable Financial Management Certificate
Other sessions for this program
Title | Date | Course delivery |
---|---|---|
NMI 103: Effective Financial Management Principles (February 2025) | to | Online hybrid (asynchronous with Zoom sessions) |
More NMI offerings
Program | Date | Course delivery | Qualifies for certificate(s) |
---|---|---|---|
Nonprofit Management Certificate (Next Start Date: 9/9/2024) | Online hybrid (asynchronous with Zoom sessions) | Nonprofit Management Certificate | |
Fundraising and Sustainable Financial Management Certificate (Next Start Date: 9/9/24) | Online hybrid (asynchronous with Zoom sessions) | Fundraising and Sustainable Financial Management Certificate | |
NMI 111 - Impactful Board Governance (September 2024) | to | Online hybrid (asynchronous with Zoom sessions) | Nonprofit Management Certificate, Fundraising and Sustainable Financial Management Certificate |
Nonprofit Operations and Program Impact Certificate (Next Start Date: 10/7/24) | Online hybrid (asynchronous with Zoom sessions) | Nonprofit Operations and Program Impact Certificate | |
NMI 227 - Strategic Planning Boot Camp (October 2024) | to | Online hybrid (asynchronous with Zoom sessions) | Fundraising and Sustainable Financial Management Certificate, Nonprofit Operations and Program Impact Certificate |