How to Read a Nonprofit Financial Statement
Understanding what the numbers say about the health of your nonprofit is critical to being able to manage the organization successfully. This course develops your ability to appropriately interpret the major financial accounting statements that are used by nonprofit organizations. You 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, the course demonstrates the power and limitations of accounting information in assessing financial performance and decision-making. You also learn the uses of financial statement analysis or ratio analysis for nonprofit organizations.
This course has an “Ask the Expert” feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible, usually within 24 hours.
Benefits and Learning Outcomes
- Identify and describe the documents and financial statements included in a nonprofit organization’s financial report
- Describe the nature of business enterprises and nonprofit 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 nonprofit analyses
- Define and calculate the ratios within each category
- Analyze the information found in nonprofit statements of financial positions, activities and cash flows
This workshop is self-paced and online. You will have access to this workshop for 30 days. Upon successful completion, you will receive a University of Wisconsin-Milwaukee School of Continuing Education completion verification.
Participants must score an average test score of at least 70 percent to meet the minimum successful completion requirement and qualify to receive IACET CEU credit.
This workshop is designed for adult learners involved or interested in nonprofit management.