This course covers budgets and how they are used in nonprofit 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 nonprofit organizations are using different budgeting techniques to handle operating challenges.

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

 

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.

 

CFRE Credits:  3                                     Access time:  30 days                         An additional 30 days available for $19

Program Information
Program Date:
March 15, 2016
Budgeting in a Nonprofit Organization
Individual topic purchase: Selected
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