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RELP 206 Principles of Finance/Accounting for Ministry Leaders
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nerbible25
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Course Content
Course Outline/Syllabus
Course Content
Books
JITASA and TEAF book links
The beginner’s Guide to Non-Profit Accounting
The Simplified Guide to Not for Profit Accounting
Unit 1: Introduction to Accounting
Biblical foundations of stewardship/ Financial accountability in the Church
Zoom Summary of Class
After Lecture Assignment
Reading Report Assignment
Unit 2: Fundamentals of Accounting
Accounting equation, bookkeeping principles, assets & liabilities
Reading report/reflection
Zoom Summary
Unit 3: Financial Statements I
The balance sheet: components and analysis
Reading report/reflection
Zoom Summary
Unit 4: Reading report/reflection
Income statement and cash flow statement
Reading report/reflection
Zoom Summary
Unit 5: Budgeting for Ministry
Steps in preparing budgets, aligning budgets with mission objectives
Reading report/reflection
Zoom Summary
Creating a Budget for Adventurer Club
Simple Budget
Unit 6: Fund Accounting
Restricted vs. unrestricted funds, fund transfers, reporting requirements
Reading report/reflection
Zoom Lecture Summary
Unit 7: Internal Controls
Fraud prevention, audit readiness, transparency
Reading report/reflection
Ethics Scenario
Unit 8: Compliance and Legal Framework
Tax-exempt status, donor accountability, statutory compliance
Reading report/reflection
Unit 9: Financial Sustainability
Diversifying income, fundraising ethics, grant management
Reading report/reflection
Class Assignment
Unit 10: Ethics and Stewardship
Biblical and ethical issues in finance, transparency, conflict of interest
Reading report/reflection
Class Assignment
Unit 11: Financial Decision-Making
Planning under uncertainty, assessing risk, stewardship under constraints
Reading report/reflection
Unit 12: Integration and Reporting
Preparing a ministry financial report, stewardship presentation
Reading report/reflection
Read report/reflection
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