The course will introduce students to the major financial management concepts and techniques required for effective financial management of non-profit organizations. Financial planning is a key function in managing a non-profit organization well in order to serve one of the core missions, being financially healthy in order to sustain operations such as, overhead, salaries, ministries and missions. In addition, the course will review non-profit accounting, budget management, revenue forecasting, financial statements and reports, tax issues, grant compliance, internal expenditure control, audits, cash flow management, long-term financial planning, endowment management, and capital financing.
Upon complete the undergraduate and graduate courses, students will show evidence of their understanding of the foundation and strategies of Financial Planning in Non-profit Organizations from a Biblical and theological perspective through critical reflection in engaging with relevant literatures and case studies, benchmarking and completing and responding to assignments and online discussions.
Financial Planning is a key part of any organization. Financial Planning, whether in the form of bartering or monetary exchange, flow largely out of religious thought and tradition. Secular institutions success is largely based on strategic financial planning, and financial practices from the Bible that have long been explored in the Christian faith are evident in their practices. It would benefit the larger mission of God for mission-minded individuals with training in Financial Planning to be in these roles as influential voice to the ever-challenging area of finance.
