Sound financial management is critical to the long-term health of any nonprofit organization. The challenge for nonprofit executives, though, is to strike a balance between creating public value and managing the bottom line. Senior executives leading nonprofits need the ability to read financial reports accurately, ask the right questions of their financial officers and make strategic management decisions based on a solid understanding of the general business principles that apply to all organizations.
Understanding Nonprofit Finances
Nonprofit Financial Stewardship: Concepts and Techniques for Strategic Management is a four-week online program designed to help managers in nonprofit organizations understand the tools, techniques and concepts of good financial management. This nonprofit financial stewardship executive program represents a unique learning opportunity for nonprofit and nongovernmental organization managers to interact with Professors of the United States Institute of Leadership and Diplomacy as well as with colleagues around the world.
This program is designed for nonprofit and NGO managers across the globe and offer highly interactive, live sessions.
Nonprofit Financial Stewardship focuses on four topics:
Mission, money and impact
Understanding financial statements
Tools, frameworks and concepts in financial management
Budgeting and resource allocation