ONCE1312 - Financial Statements (Bookkeeping for Nonprofits)
Course Description
Clear, accurate financial reporting is essential for every mission‑driven organization. Financial Statements for Nonprofits introduces the core financial statements unique to the nonprofit sector and shows how they work together to tell an organization’s financial story. You’ll learn the purpose and structure of the three primary nonprofit statements—the Statement of Activities, Statement of Financial Position, and Statement of Functional Expenses—and understand how each supports transparency, accountability, and informed decision‑making. The course also guides you through preparing a Cash Flow Statement, giving you the tools to track how money moves through a nonprofit. By the end, you’ll be able to interpret and prepare key financial statements that strengthen financial stewardship and support effective nonprofit management.Learner Outcomes
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Explain the purpose and components of the three primary nonprofit financial statements: the Statement of Activities, Statement of Financial Position, and Statement of Functional Expenses.
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Prepare and interpret a Statement of Activities, understanding how revenues, expenses, and net assets are presented in a nonprofit context.
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Prepare and interpret a Statement of Financial Position, identifying how assets, liabilities, and net assets reflect organizational health.
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Analyze a Statement of Functional Expenses to understand how costs are allocated across programs, management, and fundraising.
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Prepare a Cash Flow Statement that tracks how money moves into and out of a nonprofit organization.
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Evaluate how financial statements work together to support transparency, compliance, and informed decision‑making.
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Use financial statements to assess sustainability and mission impact, strengthening overall financial stewardship.
Notes
This course is virtual, self-paced and is the 3rd course in the Bookkeeping for Nonprofits Certificate. It may also be taken as a stand-alone course.Applies Towards the Following Certificates
- Bookkeeping for Nonprofits Certificate : Bookkeeping for Nonprofits Certificate