1. The Importance of Financial Management.
What is Financial Management?
Why Financial Management is Important Today.
Adopting a Financial Management Perspective.
Financial Management Concepts, Principles, and Tools.
2. Programs, Program Structures, Program Managers, and Responsibility Centers.
The Identification of Programs.
The Creation of a Program Structure.
The Assignment of Program Managers.
The Designation of Responsibility Centers.
3. Understanding Financial Statements.
Generally Accepted Accounting Principles (GAAP).
Internal Revenue Service (IRS) Status.
Types of Financial Statements.
Phoenix Specialized Transportation Services (STS).
The Statement of Activities.
The Statement of Financial Position.
The Statement of Cash Flows.
The Statement of Functional Expenses.
The Internal Revenue Service Form 990.
4. The Basics of Accounting.
Some Basic Accounting Terms.
The Portland After School Program.
5. Financial Analysis.
Financial Analysis Ratios.
Monitoring Ratios Over Time.
6. Performance Measures.
Performance Measurement Defined.
The Major Performance Measurement Initiatives.
Output, Quality, and Outcome Performance Measures.
Characteristics of Good Performance Measures.
The Use of Performance Measures in Financial Management.
The Houston Home Care Agency.
7. Budgeting & Budgeting Systems.
Major Budgeting Systems & The Systems Model.
Line-Item Budgeting Systems.
Performance Budgeting Systems.
Program Budgeting Systems.
A Comprehensive Budgeting Systems.
8. Cost Analysis.
Prerequisites for Using Cost Analysis.
The Cost Analysis Process.
Identifying Direct and Indirect Costs.
Assigning Direct Costs to Programs and Indirect Costs to the Indirect Cost Pool.
Allocating Indirect Costs to Programs.
Cost Allocation Using Total Direct Costs.
Determining the Total Cost of Each Program.
Computing Cost Per Output (Unit of Service) and Cost Per Outcome.
Allocating Indirect Costs Using Salaries and Wages.
Allocating Indirect Costs Using Direct Labor Hours.
Which Cost Allocation Method is Best?
Prospective Cost Analysis versus Retrospective Cost Analysis.
Program Line-Item Budgets.
Some Basic Forecasting Rules of Thumb.
Simple Moving Averages.
Weighted Moving Averages.
Time Series Regression.
When to Use Which Forecasting Technique.
10. Differential Cost Analysis.
Some Concepts and Definitions.
Fixed Costs and Variable Costs.
New River Community Council Case Example.
Westchester Home Delivered Meals (WHDM) Program.
11. Setting Fees.
Some Major Fee Setting Issues.
Government Benefits Seminar Case Example.
12. Government Contracts and Grants.
Contracts, Grants, and Cooperative Agreements.
Sources of Information about Government Contracts, Grants, and Cooperative Agreements.
Types of Procurements.
Types of Contracts.
13. Fund Development.
Types of Foundations.
Finding Out About Foundations.
United Way of America Membership.
Other Traditional Fund Development Approaches.
Entrepreneurial Fund Development Approaches.
14. Risk Management.
What is Risk Management?
Major Risk Management Areas.
Sources of Auditing Standards, Cost Policies, and Financial Management Requirements.
Types of Auditors.
Types of Audits.
Selecting an External Auditor.
Appendix: Source of Financial Management Information on the World Wide Web (WWW).