Online Course for Understanding Financial Statements

Course Overview

This course provides a comprehensive guide to understanding and analyzing the financial statements used by nonprofit organizations. Participants will learn to interpret major financial documents, including statements of financial position, activities, and cash flows, while identifying how nonprofit financial reporting differs from for-profit models. The course emphasizes financial ratio analysis and its applications, helping learners assess organizational health and support effective decision-making.

Key Topics

• Nonprofit Financial Reporting: Overview of key documents and statements.
• Statements of Financial Position: Analyzing assets, liabilities, and net assets.
• Statements of Activities: Understanding revenue, expenses, and changes in net assets.
• Statements of Cash Flows: Assessing cash inflows and outflows.
• Financial Analysis: Objectives, categories, and limitations of ratio analysis.
• Ratio Categories: Identifying and interpreting nonprofit financial ratios.
• Ratio Calculations: Performing calculations within each category.
• Differences Between Nonprofit and For-Profit Reporting: Key distinctions and implications.

Learning Objectives

At the conclusion of this course, participants should be able to:

• Identify and describe the financial statements included in a nonprofit’s financial report.
• Analyze statements of financial position, activities, and cash flows.
• Explain the unique characteristics of nonprofit organizations reflected in financial statements.
• Define financial ratio analysis and outline its objectives and limitations.
• Identify and calculate financial ratios used in nonprofit analysis.
• Use financial statement analysis to assess organizational health and support decision-making.

Credits

• 0.3 IACET CEUs
• 3 HRCI Credits
• 3 SHRM PDCs
• 3 CFRE Points
• 3 ATD CI Credits

Key Features

• Mobile-friendly and audio-enabled content.
• Badge and credit-earning opportunities.
• Real-world case studies for practical application.
• Fully accessible materials.
• Interactive games and flashcards.
• Expert support for personalized guidance.
• Video lessons for enhanced understanding.

Refund Policy

Refunds may be requested within seven days of purchase. Refund eligibility requires that less than 10% of the course content has been completed. Course progress can be tracked on the Course Progress page.

Notes

• Estimated time to complete: 3 hours.
• The course includes an “Ask the Expert” feature for submitting questions about course content. Responses are provided by subject matter experts, typically within 24 hours.
• A minimum test score of 70% is required to qualify for IACET CEUs.

Pricing and Enrollment Information

$95.00 (US) per seat.