Name: Sherry Ferriman, MBA, MDiv
E-mail: sferriman@iliff.edu
Available by email, phone, or Google Hangout
Financial Management (IST 2087; 2 credits)
A brief examination of various financial management concepts relevant to church leaders, non-profit and for-profit organizations, and various social and community activist positions. The class will explore important debt, equity, and fundraising issues critical to success in these fields and introduce basic financial terms such as forecasting, budgeting, and cash flow.
- Managing a Nonprofit Organization: Updated Twenty-First-Century Edition by Thomas Wolf (ISBN-10: 1451608462/ISBN-13: 978-1451608465)
- Other materials will be provided in Canvas, as needed
OPTIONAL: (Good reference guide; however, cost may be prohibitive) Understanding Financial Statements: Master the Tools That Help You Succeed (Crisp Fifty-Minute Books) by James Gill and Moira Chatton (ISBN-10: 1426018509/ISBN-13: 978-1426018503)
A brief examination of various financial management concepts relevant to church leaders, non-profit and for-profit organizations, and various social and community activist positions. The class will explore important debt, equity, and fundraising issues critical to success in these fields and introduce basic financial terms such as forecasting, budgeting, and cash flow.
1) Students will learn the basic principles and financial vocabulary applicable to a wide variety of non-profit organizations and churches.
2) Students will demonstrate basic budgeting concepts and how to apply these skills.
3) Students will learn to effectively read and understand financial statements.
4) Students will identify and reflect upon key issues concerning the role(s) of pastors of congregations and executive directors of other non-profit organizations with regard to the financial management effectiveness and the mission/vision of such congregations and other non-profit organizations.
5) Students will use financial data to present relevant organizational financial data to a variety of stakeholders.
Date | Day | Details | |
Jan 08, 2019 | Tue | Introductions | due by 06:59AM |
Jan 11, 2019 | Fri | Overview and importance of Financial Management as a leader in an NPO (including churches) | due by 06:59AM |
Jan 15, 2019 | Tue | Overview and Importance Continued | due by 06:59AM |
Jan 18, 2019 | Fri | Retricted/Unrestricted Funds | due by 06:59AM |
Jan 22, 2019 | Tue | Restricted/Unrestricted Funds Continued | due by 06:59AM |
Jan 25, 2019 | Fri | Financial Statements and Fiscal Procedures | due by 06:59AM |
Jan 29, 2019 | Tue | Financial Statements and Fiscal Procedures Continued | due by 06:59AM |
Feb 01, 2019 | Fri | The Basics of Financial Statements | due by 06:59AM |
Feb 05, 2019 | Tue | The Basics of Financial Statements Continued | due by 06:59AM |
Feb 12, 2019 | Tue | Non Profit Organizations (Gathering Days) | due by 06:59AM |
Feb 15, 2019 | Fri | Ratios | due by 06:59AM |
Feb 19, 2019 | Tue | Ratios Continued | due by 06:59AM |
Feb 22, 2019 | Fri | Ratio Data and Comparison Chart | due by 06:59AM |
Feb 26, 2019 | Tue | Ratio Data and Comaprison Chart Continued | due by 06:59AM |
Mar 01, 2019 | Fri | Sustainability and Leadership | due by 06:59AM |
Mar 05, 2019 | Tue | Sustainability and Leadership Continued | due by 06:59AM |
Mar 12, 2019 | Tue | Summarizing | due by 05:59AM |
Mar 17, 2019 | Sun | Final Summary Paper | due by 05:59AM |