Business Basics for Not-for-profit Organizations (BB4NO)

Financial management of not-for-profit and publicly funded organizations.
What you'll learn

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Management of financial resources from contracts, grants, donations, and other sources of revenue applicable to the not-for-profit and publicly funded sector.
Creating operating and financial budgets for not-for-profit and publicly funded organizations and delegating spending authorities to members of the team.
Reporting operating and financial results to funders and regulatory authorities as required by not-for-profit and publicly funded organizations.
Strategic planning for operational and financial management of your not-for-profit and publicly funded organization including business continuity planning.
Requirements

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We will teach you the basics of accounting and financial management, then expand into the details of what not-for-profit and publicly funded organization Executive Directors and Managers need to know.
Participants must have an appreciation for the role not-for-profit societies and the public service play in our community.
Description

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This course contains the use of artificial intelligence. Details provided at the end.
While most not-for-profit and publicly funded program managers are good at the services they deliver, many struggle doing it within the financial means allocated to them, and following the parameters imposed by the donor, authorities, and the organization itself. Furthermore, many funders do not understand some of the challenges faced by service providers, or appreciate the skills required beyond the program delivery.
The intention of this course is to assist not-for-profit and publicly funded organization managers in administering their programs while maintaining accountability for the funds with which they are entrusted, as well as bring awareness to those who fund these services either directly or indirectly, of the challenges faced by providers.
In this course we will
Clarify the differences yet similarities between forprofit, not-for-profit, and public service organizations including further defining differences within each group;
·Explain the variety of funding arrangements for goods and services provided or acquired;
·Guide you in negotiating your funding agreements including terms and conditions;
·Help you establish an operating budget for your program(s);
·Assist you with tracking, monitoring, and forecasting revenues and expenditures;
·Prepare you for reporting results to funders and regulators;
·Raise funder awareness of the challenges faced by service providers.
The topics we will cover will include
Foundation - Uniqueness of the industry
Funding Sources
Contract Management
Common Shared Services
Managing a Budget
Accounting Basics
Reporting Results
Regulatory Obligations
Strategic Planning
Business Continuity Planning
This course consists of short videos, case studies, then a quizzes and suggested responses. These materials are integrated and should be used together as part of your learning journey.
Please note, that due to a heart attach and stroke resulting in speech issues, I have used text to speech AI in the creation of audio and video clips in order to enhance the experience of the learner. Be assured though, the course content is written by myself, a person with over twenty-five years experience in the profession and sector.
Who this course is for

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Executive Directors, Directors, and Program Managers of not-for-profit and publicly funded organizations.
Accountants and bookkeepers who are new to the not-for-profit and publicly funded sector.
Homepage

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