John Porter (PhD)
Financial Management

Course Details

In this online course, participants will gain perspective on financial management and governance within non-profit organizations. Participants will gain an understanding of the unique nature of nonprofit fiscal management, develop an understanding of financial management techniques, understand board governance, prepare essential financial statements, and develop analytic, critical, and expressive abilities. We will cover accounting and bookkeeping. By the end of this course, participants will have the confidence to prepare effective budgets and financial statements and make important financial decisions for their organization.

The Unique Nature of Non-Profit Fiscal Management Financial Management Techniques for Non-Profit Organizations Board Governance and Its Role in Financial Management How to Prepare Essential Financial Statements How to Develop Analytic, Critical, and Expressive Abilities How to Prepare Effective Budgets and Financial Statements How to Make Important FInancial Decisions The Role of Accounting in Non-Profit Organizations Financial Source Documents Accounting Systems Budget Design and Analysis Cash Flows Different Kinds of Budgets Asset Management Managing Donations Capital, Loan, Endowment, Annuity and Life-Income, and Custodian Funds How to develop and update income statements, balance sheets, and cash flow statements Revenue Projections


Participants will gain the confidence to prepare effective budgets and financial statements which will provide data to make important financial decisions for the continue success and growth of the organization.



  • The role of accounting in non-profit organizations
  • Financial source documents
  • Accounting Systems
  • Budget Design and analysis


The e-learning course takes place online and through experiential activities. You will complete the required interactive activities. Optional activities are listed for additional learning opportunities. The course is designed to take approximately 18 - 20 hours to complete in full, with all exercises done thoroughly. You can complete the activities at your own pace. You have 90 days to complete the required assignments with your online instructor. The 90-day period begins on date of purchase.



The course provides several activities to accomplish, which can be discussed with the online instructor.


Lesson 1 - Accounting / Bookkeeping

In this lesson, we will cover the importance of accounting and bookkeeping, along with the unique needs surrounding the non-profit sector and the different ways which a non-profit accountant can assist with financial management. You will learn the pros and cons of implementing an accountant in your non-profit organization. You will learn about different kinds of source documents, their purpose, and how to prepare them.

Lesson 2 - Accounting Systems

Our second lesson will cover the cash basis and accrual basis methods for recording income and expenses, what each method is used for, and how to choose the right method for your organization.

Lesson 3 - Budgets

In this lesson, you will learn about the importance of a budget for non-profit organizations and how to consider program priorities with your budget. We will cover different kinds of budgets and how to create each. You will learn about budget reports.

Lesson 4 - Asset Management

Our fourth lesson covers asset management. You will learn how to maintain smooth financial operations, make the most of current liquid funds, maximize available and obtainable resources, and enhance returns on your resources or capital. We will cover possible sources of income and best practices for resource- or asset-management. You will learn about cash flow management.

Lesson 5 - Managing Donations

In our fifth and final lesson, we will talk about tracking donated money and its use. You will learn about fund types and balances. We will cover capital funds, loan funds, endowment funds, annuity and life-income funds, and custodian funds and their implications.