This course covers budgets and how they are used in non-profit organizational settings. You will gain an understanding of the uses and functions of budgets and the relationship between strategic budgeting and tactical budgeting. You will also learn about the organization-wide budget and different budget systems. The course will continue on to slightly more advanced budgeting topics such as capital budgets, cash flow budgets, and opportunity budgets. You will also learn how non-profit organizations are using different budgeting techniques to handle operating challenges.
The course is available to use for 30 days.
After completing this course, you'll be able to:
- Explain the uses and functions of nonprofit budgeting
- Describe the different types of budgets used by a nonprofit organization
- Recognize the use of the organization-wide operating budget and program operating budgets
- Explain how an operating budget is created
- Analyze a nonprofit operating budget through variance analysis
- Describe how a capital budget is used and created
- Explain the importance of a cash flow budget and describe how it is created
- Recognize how the budget process can be managed for optimal results
Target Audience: This course is intended for adults seeking to gain a basic understanding of budgeting. This course is best suited for learners with a basic understanding of finance concepts.
Level: Introductory/No Prerequisites
Prerequisites: There are no prerequisites for this course.
Estimated time to complete: 3-5 hours
Ask the Expert: This course has an "Ask the Expert" feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.
Required Material: This course does not require any additional purchases of supplementary materials.
Successful Completion Requirement for IACET CEU: Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEU credit. Learners will have three attempts at all graded assessments.
Target Audience: This course in intended for adults seeking to gain a basic understanding of budgeting. This course is best suited for learners with a basic understanding of finance concepts.