It presents the same basic information but with a focus on the special elements of the nonprofit environment. This course assumes no previous accounting background and includes an introduction to the conventional corporate accounting model. We will build on this model to illustrate the unique features of nonprofit financial reporting. Recent pronouncements by the Financial Accounting Standards Board, Statements 116 and 117, governing accounting for contributions and preparing general-purpose external financial statements will be emphasized. We will also focus on the managerial use of financial and non-financial information designed to reflect an organization's economic events and affect resource allocation decisions.
Topics covered include budgeting, cost tracking, cost allocation, and pricing of services.
Dr. Mannino's primary teaching interests are financial and management accounting. He received his Ph.D. from the University of Colorado and holds a CPA certificate from Illinois. In 1993, he was the recipient of the College Outstanding Teacher Award. Ms. Kulik has seventeen years of experience in the financial management of nonprofit organizations and is currently working with the Nonprofit Center at the School of Management. She received her undergraduate degree from Harvard University and her graduate degree from UMass Amherst.