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May 17, 2024
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MBA 632 - Financial Management for Nonprofit Organizations
3 Credits
Designed to introduce students to the uniqueness and challenges of financial decision making in a nonprofit organization. Traditional finance courses are designed to describe the financial goals, objectives, and decisions of firms whose primary focus is more on profits than any other criteria. Given that nonprofit firms have no shareholders, per se, and exist for the purpose of providing services to their constituents, maximizing stakeholder wealth may be a more relevant objective for such firms. Despite the differences in the fundamental objective, the key financial functions and decisions in a nonprofit firm parallel those in a for profit firm. Therefore, based on the fundamentals of financial management, this course focuses on how managers in a nonprofit firm make financing and investment decisions, as well as decisions with respect to cash and risk management. Prerequisite: MBA 626. (Formerly MBA 519)
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