NPNL 0003 - Budgeting in a Nonprofit Organization
Course Description
If you’re involved in a nonprofit organization, you likely know all too well the importance of budgeting. In this course, you gain an understanding of the uses and functions of budgets and the relationship between strategic budgeting and tactical budgeting. You also learn about the organization-wide budget and different budget systems. After introducing the basics of budgeting in a nonprofit, the course continues on to slightly more advanced budgeting topics such as capital budgets, cash flow budgets and opportunity budgets. You also learn how nonprofit organizations are using different budgeting techniques to handle operating challenges.
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, usually within 24 hours.
Benefits and Learning Outcomes
- 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
Notes
This workshop is self-paced and online. You will have access to this workshop for 30 days. Upon successful completion, you will receive a University of Wisconsin-Milwaukee School of Continuing Education completion verification.
Learners must score an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEU credit.