AC

Alphacrucis College

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.

Quick Info

  • Currently offered by Alphacrucis: Yes
  • Unit code: MAN220
  • Credit points: 10
  • Total workload hours per week: 10
  • Number of timetabled hours per week: 3 *

* Note: Units with reduced contact hours (such as those taught in Intensive format) will have an increased assessment component.↩

Prerequisites

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)).

Unit Content

Curriculum Objective

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.

Subject Content

  1. The ethics of profit
  2. The scope and nature of managerial finance and accounting
  3. The value of money: time value, risk and return
  4. Understanding financial information
  5. Analysis of financial statements
  6. Decision making for improved profitability
  7. Business planning and the budgeting process
  8. 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

Please consult your course prospectus or enquire about how and when this course will be offered next at Alphacrucis College.

Assessment Methods

Major Project (50%, 2500 words); Weekly Accumulative Tests (25%); Exam (25%)

Prescribed Text

Readings provided

Representative References