Students are provided with a working knowledge of essential concepts that are used in understanding the financial picture of organizations. The application of those concepts for effective organizational leadership and decision-making is a key emphasis. In addition, students examine the importance that stewardship and ethics play in financial decision-making.

Today’s nonprofit organizations face a myriad of governmental and fiduciary regulations. Nonprofit leaders need to be experienced in navigating the organization’s finances to maximize the mission of the organization. This course will help students understand key concepts in finance and how they relate to the basic structure of nonprofits. Students, using biblical foundational principles, will recognize the complex interworking of the organization’s finances, how it impacts its human capital, and how it can enhance the organization’s mission if managed effectively.

In the second course of the capstone project two-course sequence, students will complete the research for their capstone project, which will culminate in the writing of a scholarly paper that clearly documents their research and reflects the integration of theory and practice through the interpretive lens of the Christian worldview. Students will present their findings in the form of an oral presentation and defense of the project's major conclusions and recommendations to faculty and peers at the end of the course. Prerequisite: MLS 653.