Online Course: Financial Management for Churches and Nonprofits
January 7 - March 15, 2019
The parables of Jesus make it clear that money should not be our master, but that we also must be capable of using it well. Often, this is a challenge for pastors and lay leaders who have never received formal training in financial management. The Financial Management for Churches and Nonprofits Course was designed to remedy this problem.
This 10-week online course was developed to support pastors with their lay leaders who are tasked with overseeing their church's finances, but who may not have formal training in financial practices and planning. We will explore the planning process for the operating, capital expenditure, and cash budgets. We will discuss the long-term financial planning process. The course will look at the importance of capital structure and investment policies that are aligned to the organization’s strategic objectives. All of these topics will be built on the foundation of nonprofit accounting, nonprofit financial statements, and financial policies.
Upon successful completion of the course, students will understand the following:
- How to read and understand nonprofit financial statements
- How to prepare an operating, capital expenditure, and cash budget
- The importance of long-term financial planning.
- The importance of management controls
- Risk management and insurance
The Financial Management for Churches and Nonprofits Course will be offered twice in the 2018-2019 Academic Year:
- September 4 - November 9, 2018
- January 7 - March 15, 2019
Space is limited and you are encouraged to enroll for either the fall or spring course soon.