Details for Finance and Accounting for Non-Profit Organisations
Even if money is not the reason why an organisation exists, it will still need money to survive. This unit gives an introduction to managerial finance and accounting with focus on the not-for-profit or ‘mission-not-money-focussed’ organisation. It involves financial planning, analysis and control as well as a discussion on the sources and cost of money. It also looks at how to build financial information systems for management decision-making and reporting, emphasising the importance of intelligent and ethical accounting to provide reliable information.
- Currently offered by Alphacrucis: Yes
- Unit code: MAN220
- Credit points: 10
- Total workload hours per week: 10
- Number of timetabled hours per week: 3 *
The following courses are prerequisites:
The unit Finance and Accounting for Non-Profit Organisations is part of the subject area Management and is offered as a part of the following Awards: Bachelor of Contemporary Ministry (Alphacrucis College (NSW Dept. of Education)).
This course gives an introduction to managerial finance and accounting with focus on the not-for-profit organisation. It involves financial planning, analysis and control as well as a discussion on sources and cost of capital, emphasising the importance of intelligent and ethical accounting to provide reliable information systems for management decision-making and reporting.
- The ethics of profit
- The scope and nature of managerial finance and accounting
- The value of money: time value, risk and return
- Understanding financial information
- Analysis of financial statements
- Decision making for improved profitability
- Business planning and the budgeting process
- Financing the Business
This course may be offered in the following formats
Lectures, guided reading and reflection, interactive simulation exercises, team work, personal investment plan
Major Project (50%, 2500 words); Weekly Accumulative Tests (25%); Exam (25%)
Besley, S. and Brigham, E.F., Essentials of managerial finance, thirteenth ed.,
Mason, OH: Thomson South-Western, 2005.
- Fields, E., The essentials of finance and accounting for non-financial managers, New York: AMACOM, 2002.
Garrison, Ray H., Noreen, Eric W., Brewer, Peter C., Managerial accounting, 11th ed.
Boston: McGraw-Hill/Irwin, 2006.
- Gitman, Lawrence J., Foundations of managerial finance, 4th ed., New York: HarperCollins College Publishers, c1995.
- Ittelson, Th. R., Financial statements: a step-by-step guide to understanding and creating financial reports, Franklin Lakes, NJ: Career Press, c1998
- Orloff, J. and Mullis, D., The accounting game: basic accounting fresh from the lemonade stand, Naperville, Ill: Sourcebooks, c1998.
- Plewa, F.J. Jr and Friedlob, G.T., Understanding cash flow, New York: Wiley, c1995.