: This course will develop your ability to appropriately interpret the major financial accounting statements that are used by nonprofit organizations. Ideally, you will gain an understanding of the types of financial statements that are used by nonprofit organizations, and how they differ from for-profit financial reporting. Also, you should gain an appreciation of both the power and limitations of accounting information in assessing financial performance and decision-making. You will also learn the uses of financial statement analysis, or ratio analysis for nonprofit organizations.
: This course has a "Mentor Expert" helpdesk feature. Learners have the ability to submit questions directly to an expert in the field you are studying.
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Lesson 1
After completing this course, you'll be able to:
Identify and describe the documents and financial statements included in a nonprofit organization's financial report
Analyze the information found in nonprofit statements of financial positions
Analyze the information found in the statement of activities
Analyze the information found in the statement of cash flows
Describe the nature of business enterprises and nonprofit organizations, as reflected by the statement of financial position
Define financial (ratio) analysis and explain its objectives and limitations
Identify the various categories of financial ratios used in nonprofit analyses
Define and calculate the ratios within each category
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