MLD-401M A: Financial Management in Public and Nonprofit Organizations

Semester: Fall Mod1

Credit: 0.5

Faculty: Ann Thornburg

Schedule

Day Time Location
First Day 9/5
Meet Day T/Th 11:40 AM - 1:00 PM LAND
Review F 11:40 AM - 1:00 PM L280

Description

Provides students with an understanding of nonprofit and public financial statements including familiarity with accounting terminology and accounting principles for different types of nonprofit and public organizations. A key focus of the course is reading and understanding financial statements including management concepts of working capital, fixed asset, and debt management. Students will gain a working knowledge of basic financial management tools including cost analysis and behavior, break-even analysis, financial ratios and benchmarking tools, and other techniques used in nonprofit and public organizations. Through problem sets and case studies, the concepts and tools will be applied to assess financial viability, debt capacity, and operating performance of nonprofit and governmental entities. This introductory course is designed for students with no prior experience or training in accounting or finance and serves as a prerequisite for upper-level courses in financial management.