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HU Credits:
4
Degree/Cycle:
2nd degree (Master)
Responsible Department:
Non profit Management and Leadership
Semester:
Yearly
Teaching Languages:
Hebrew
Campus:
Mt. Scopus
Course/Module Coordinator:
Elli Malki
Coordinator Office Hours:
By appointment
Teaching Staff:
Mr. Elli Malki
Course/Module description:
The significant increase in the scope and importance of the Third Sector is a big challenge for the managers of nonprofit organizations. Limited resources, the need for transparency and the requirement for proper use of donors' funds, leads to non-profit organizations being required to conduct their activities professionally and efficiently. To do that NGOs must adopt effective managerial tools that will allow them to make better decisions and improve the organization's performance.
This course will present quantitative tools for economic and financial management that are adapted to the unique characteristics of NGOs.
The financial tools that will be presented are either unique to NGOs, or were adapted fro them.
In general the course presents the financial management of NGOs as a unique and separate sub-discipline of financial management.
Course/Module aims:
The purpose of the course is to provide students with tools and skills in economic and financial management of non-profit organizations. The course will focus on tools for planning, prioritization, budgeting, financial reporting, monitoring, control and risk management in NGOs.
Learning outcomes - On successful completion of this module, students should be able to:
The students will acquire the necessary tools for preparing an organizational budget in two formats: for internal management and for presentation to external parties.
The students will acquire the necessary tools for analyzing the financial statements of an NGO, understanding its financial position and using the information for budgetary planning.
The students will acquire the necessary tools for budgetary control, identifying risk factors and managing the cash flow.
The students will acquire the necessary tools for analyzing multi-year budgets and discerning between nominal and real changes.
Attendance requirements(%):
100
Teaching arrangement and method of instruction:
Frontal lectures, demonstrationד using case studies, practice by using Excel spreadsheet.
Course/Module Content:
Main Topics:
A) Planning the budget in NGO.
a-1) Budgeting for economic management.
a-2) The economic map .
a-3) Feasibility analysis.
a-4) Budgeting for external reporting.
B) Monitoring, control and risk management.
b-1) The financial statements.
b-2) The simplified balance sheet.
b-3) Estimating the budgetary balances.
b-4) Income forecasts.
b-5) The dynamic budget
b-6) Cash flow management.
C) Multi-year budget
c-1) Changes in prices
c-2) The Fisher formula
Other Topics:
D) Combining economic and social considerations,
E) Efficiency
Required Reading:
מלכי א., קוים מנחים להכנה ולהצגה של תקציב בארגונים שלא למטרות רווח, אפריל 2010.
http://www.inbest.co.il/NGO/Budget_Guide.pdf
מלכי א., מודל פשוט לניהול תזרים מזומנים בעמותות, נובמבר 2015.
http://www.inbest.co.il/NGO/Cash%20Flow%20Management.pdf
Malki E., Guidelines for the Preparation of Budgets in Not-for-Profit Organizations, SSRN, 2010.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id&eq;1667575
Malki E., A servant of two masters: The dual role of the budget in nonprofits,
Journal of Accounting, Auditing and Taxation, 1(1): 002-007, 2014
http://premierpublishers.org/jaat/020920141690
Malki E., A Simple Model for Cash Flow Management in Nonprofit, SSRN, 2016.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id&eq;2732052
Additional Reading Material:
Abt Associates Inc., Fundamentals of NGO Financial Sustainability, Chapter 5: Financial Accounting; Chapter 6: Budgeting; Chapter 7: Cost Accounting.
http://www.inbest.co.il/NGO/NGOFinancial.pdf
Bradley B., Jansen P. & Silverman L., The Nonprofit Sector's $100 Billion Opportunity, Harvard Business Review, 2003.
http://www.inbest.co.il/NGO/Bradley.pdf
Brown M. & Malki E., “Nonprofit Overhead Efficiency in the Israeli Welfare Sector: How Economies of Scale Could Lead to Administrative Savings”, SSRN, 2011.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id&eq;1950374
Goggins Gregory A. & Howard D., The Nonprofit Starvation Cycle, Stanford Social Innovation
Review, Fall 2009.
http://www.ssireview.org/images/articles/2009FA_feature_Gregory_Howard.pdf
Haas R. & Meixner O., An Illustrated Guide to the Analytic Hierarchy Process, Institute of Marketing & Innovation, University of Natural Resources and Applied Life Sciences, Vienna.
http://www.inbest.co.il/NGO/ahptutorial.pdf
Kamal M. A-S. A-H., Application of the AHP in project management, International
Journal of Project Management 19, 2001.
http://www.civil.uwaterloo.ca/tarek/AHP-2.pdf
Keating E. Fischer M. & G., Teresa P. and Greenlee J., “Assessing Financial Vulnerability in the Nonprofit Sector (January 2005)”. KSG Working Paper No. RWP05-002; Hauser Center for Nonprofit Organizations Paper No. 27.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id&eq;647662
Malki E., Measuring the things that count: Quantitative methods for the management of nonprofits, LAP Lambert Academic Publishing, 2010. Chapters III, IV and V.
Neuhoff A. and Searle R., More Bang for the Buck, Stanford Social Innovation Review, Spring 2008.
http://www.ssireview.org/images/articles/2008SP_feature_neuhoff_searle.pdf
מלכי א., דיבורים לחוד ומעשים לחוד: התאמת תקציב הארגון למטרותיו, מרץ 2009.
https://www.researchgate.net/publication/281643855_sylwbm_sl_syqwlym_klklyym_bqbyt_sdry_dypwywt_sl_mlkrym
מלכי א., שילובם של שיקולים כלכליים בתכנון אסטרטגי של מלכ"רים, ינואר 2010.
https://www.researchgate.net/publication/281643855_sylwbm_sl_syqwlym_klklyym_bqbyt_sdry_dypwywt_sl_mlkrym
מלכי א., מודל לדירוג ולבחירה בין השקעות חברתיות, יוני 2017.
https://www.researchgate.net/publication/317415294_mwdl_ldyrwg_wlbhyrh_byn_hsqwt_hbrtywt
Grading Scheme :
Essay / Project / Final Assignment / Home Exam / Referat 100 %
Additional information:
1) During the course we will use Excel files extensively. It is recommended to the students to acquire a basic knowledge of the software.
2) The final assignment is divided to two parts which will be submitted at the end of each semester. The final grade is the average grade of the two parts. T
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