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MSCM8615 Summer 2009
| Course Info | Syllabus | Files/Notes/Links | WEB CT |
Tentative Syllabus
May 19 (T) - Course Introduction, Setting the Stage, Current Issues; read the following:
1. Please use web ct to get the first article, the remaining articles for this week can be found on the web by clicking the links below
2. "Laity wonder where the money goes", Dennis Coday, National Catholic Reporter, January 28, 2005
5.
"The pitfalls of shrouded finances", Bill Frogameni,
National Catholic Reporter, March 21, 2008.
6. Chapter 1 of Ruppel - Understanding the Basics of Not-for-Profit
Accounting
7. "A Business Plan for the Catholic Church," Douglas MacMillan, Business Week, September 30, 2008
8. "Mastering the Business of Church," Alison Damast, Business Week, January 3, 2008
9. "The Economic Strain on the Church," William Symonds, Business Week, April 15, 2002
10. "The U.S. Catholic Church: How it Works," Business Week, April 15, 2002 (goes nicely with the first reading)
PowerPoint slides for first lecture
Video of First part of Lecture 1
Video of Second part of Lecture 1
May 26 (T) Chapter 2 of Ruppel - Basic Financial Statements of a Not-for-Profit Organization, work through Transaction Analysis example, Assign NewChurch for homework
PowerPoint slides for second lecture
first part of lecture on financial statements
second part of lecture on financial statements
Transaction Analysis Example: 4 files
1. Word document with beginning Statement of Financial Position
2. Excel Spreadshet with completed transaction worksheet
3. video, part 1, completing a transaction worksheet
4. video, part 2, preparing financial statements
NewChurch Homework Assignment - due June 2
May 28 (Th) other issues in Accounting - investments, pensions; read Chapters 4 and 9 of Ruppel; look at financial reports from Boston, Chicago, and Los Angeles Archdioceses, focus on notes to statements
June 2 (T) review NewChurch assignment, Read Chapter 11 of Ruppel - Analyzing the Financial Health of Not-for-profit Organizations
PPT slides on Financial Statement Analysis
Video lecture on Financial Statement Analysis
Financial Statement Analysis project - due June 16
June 9 (T) Analyze the financial reports of Boston and Chicago
June 11 (Th) Operational Budgeting; Read Chapter 3 - Financing the Dream and Chapter 4 - Budgeting from Blazek; discuss Behavioral Aspects of Budgeting; fixed/variable costs, activity based costing; discuss final project component - due July 14
Saving and opening an Excel file from web page
two discussion topics posted in WEB CT - please respond by Thursday, June 18, 2009
Video Solution to transaction analysis assignment
Excel Solution to transaction analysis assignment
June 16 (T) Capital Budgeting (Program Planning); discuss evaluation techniques (NPV, IRR, payback); discuss Financial Statement analysis projects
Capital Budgeting first part of video
Capital Budgeting second part of video
June 23 (T) Asset Management (including Cash Management) - Read Chapter 5 of Blazek
Cash Flow Budget with borrowing Excel
June 25 (Th) Special Financial Tools/Cost Management (particular emphasis on relevant costs) - Read Chapter 7 of Blazek
part 3 of video lecture (short)
June 30 (T) Performance Evaluation and the Balanced Scorecard; read the articles posted in WEB CT
July 7 (T) Internal Controls in Churches
1. "Internal Financial Controls in the US Catholic Church", Robert West and Charles Zech,
2. Letter from USCCB on IC Recommendations
4, Benefits of IC in a Church (very brief)
5. Internal controls strengthen reliability of financial records (Baptist)
discuss final project component
July 9 (Th) Internal Controls in Churches - part 2
Internal Control Procedures - PPT slides video lecture
6. 50 Internal Control Practices for Every Church (Christian)
7 and 8 How to Implement Controls in a Church - part 1, How to Implement Controls in a Church - part 2 (from eHow, goes with number 4, both are very brief)
9. Internal Control Questionnaire (Episcopal)
10. Internal Control Guidelines (Lutheran)
11. Internal Controls in the Talmud (at least read the brief abstract, it's interesting to see how long internal controls have been around!!!)
12. Financial Management and Control Manual - Diocese of Des Moines
13 and 14. from Diocese of Bridgeport: Controls over Offertory Collection and Other IC Controls
July 14 (T) final project due - Budget, Balanced Scorecard, and Internal Control Review for your responsibility center
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