: This course covers budgets and how they are used in nonprofit organizational settings. You will gain an understanding of the uses and functions of budgets and the relationship between strategic budgeting and tactical budgeting. You will also learn about the organization-wide budget and different budget systems. The course will continue on to slightly more advanced budgeting topics such as capital budgets, cash flow budgets, and opportunity budgets. You will also learn how nonprofit organizations are using different budgeting techniques to handle operating challenges.
: This course has a "Mentor Expert" helpdesk feature. Learners have the ability to submit questions directly to an expert in the field you are studying.
After completing this course, you'll be able to:
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