Even if your financial management skills and comfort level are limited, you can learn how to effectively manage your organization’s finances and use them to understand and communicate your organization’s story. While few nonprofit managers come into their roles with expertise in financial management, they need to be able to understand, organize and effectively communicate financial information to their greatest organizational advantage. Whether a non-finance professional, or new to financial responsibilities in your organization, this class is designed to help you acquire the requisite skills to effectively manage organizational resources: from protecting your organization’s assets, to understanding what the numbers mean and enabling informed decision-making throughout your organization. This course focuses on enabling you to understand and interpret your financial story for both internal and external audiences. Not only will you know how to find the information you need, but you’ll be able to use that information judiciously in financial decision-making. Through a deeper understanding of the role of financial reports and the story they tell, your organization will be empowered to make strategic decisions and motivate financial investment. You will leave this class knowing how to read and interpret financial statements to inform strategic decision-making, to appropriately separate financial duties and responsibilities to protect against fraud and misuse, and to allocate expenses more accurately in order to truly reflect your programmatic narrative.
This class is highly recommended for organizations that lack a full-time finance professional, but are committed to best practices and transparency.
We encourage you to continue on with “Beyond the Fundamentals of Financial Management: What the Numbers Are Really Saying,” for a thorough exploration of understanding, interpreting and reporting your finances, with strong emphasis on the analysis component.