hsm260 | undergraduate

Financial Management For Human Service Managers

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This course focuses on conceptual understanding and practice of financial management as it applies to human service agencies. Students complete the course with a better understanding of basic accounting concepts, budgets and budgeting systems, how to create performance measures, and the ability to analyze financial statements for the purpose of cost analysis and forecasting. Aspects of setting fees, funding, and risk management are also covered.

This undergraduate-level course is 9 This course is available to take individually or To enroll, speak with an Enrollment Representative.

Course details:

Credits: 3
Continuing education units: XX
Professional development units: XX
Duration: 9

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    Cost and Ratio Analysis

    • Calculate financial ratios commonly used in human service agencies.
    • Calculate fixed costs, variable costs, and the break-even point for a program.

    Budgets and Forecasting

    • Describe the merits of various forecasting methods.
    • Explain the impact of financial trends on forecasting.
    • Determine how budgeting systems relate to the systems model.

    Fund Development

    • Describe the operations of a major foundation.
    • Identify nontraditional sources of funding.

    Financial Analysis

    • Recognize the importance of cost per output and cost per outcome for a human service program.
    • Analyze the impact of fixed and variable costs.

    Budgets and Pricing

    • Analyze the factors necessary for determining a fee.
    • Determine the costs to evaluate and determine the break-even point for a suggested program.

    Funding of Nonprofits

    • Determine appropriate federal assistance programs that meet the needs of a specific human service agency.
    • Recognize various approaches to funding available to the human service industry.

    Analyzing Financial Statements

    • Analyze an agency’s financial condition given specified financial statements.

    Foundations of Financial Management

    • Recognize the importance of financial management in human services.
    • Define basic accounting terms.

    Basics of Accounting

    • Identify the importance of using the accrual method.
    • Apply balance statement principles to personal finances.
    Tuition for individual courses varies. For more information, please call or chat live with an Enrollment Representative.

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    Teacher Rate: For some courses, special tuition rates are available for current, certified P-12 teachers and administrators. Please speak with an Enrollment Representative today for more details.

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    While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Representative.

    Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.