A+B. Intro_SJ.1 - University of Maryland University College

ADMN 654 Not-for-Profit Financial Management (3)
Theories and practices of not-for-profit financial managem e n t
and decision making, including budgeting, re p o rting requirements,
nonprofit accounting, and financial standards, are studied
in detail. The role of financial management in maintaining
the fiscal health and legal status of the not-for-profit organization
is the primary focus. Emphasis is placed on budgeting, fund
accounting, cash-flow analysis, expenditure control, long-range
financial planning, audits, and grant and contract management.
Special attention is paid to compliance with not-for-profit accounting
and financial management principles with reference to maintaining
public access and ethical standards.
ADMN 655 Strategic Financial Management (3)
(Open only to students in the financial management track of the
MS in management program and the international finance track
of the MIM program). Pre requisites: ADMN 631, 632, 633, 634,
and 639. This is an integrative course, heavily oriented toward
readings, discussion, and case studies and/or simulations using
analytical tools developed in the track courses. Current topics
reflect the changing environment for and the role of financial
management in organizations. Such topics include measuring
and implementing economic value added; performance-based
reward systems; diversification, restructuring, and strategic partnering;
business-process reengineering; corporate governance;
value-based management; strategic cost management; and ethics
in financial management. Within the context of one or more of
the topics covered in the course, students are required to analyze
and make recommendations concerning a financial problem or
opportunity at their workplaces or other approved organizations.
ADMN 656 Not-for-Profit Organizations and
Issues (3)
A framework outlining the roles and functions of the principal
types of not-for-profit organizations is presented. Major characteristics
are introduced that distinguish not-for-profit organizations
from their counterparts in the private and public sectors.
The challenges, opportunities, and common issues facing managers
of not-for-profit organizations are explored. These issues
include administrative cost control, preserving the organization’s
legal status and revenue base, staffing and organizing in response
to client needs, and ethical considerations. Specific laws, regulations,
policies, and court rulings that affect the not-for-profit
sector are examined.
ADMN 657 Not-For-Profit Law and Governance (3)
Current ideas and approaches related to not-for-profit law,
governance, and mission are presented. Distinctions between
nonprofit, educational, charitable, social action, membership,
cultural, scientific, environmental, and trade associations as they
relate to incorporation, legal standing, tax-exempt status, and
governance are made. Integral to the course is a discussion of
not-for-profit governance and trustee issues. Subsidiary issues
such as lobbying and advocacy, nonprofit liability, personnel,
and unrelated business income tax are analyzed. Special attention
is paid to the relationship of governance and ethics in notfor-profit
management.
ADMN 658 Marketing, Development, and Public
Relations (3)
Principles and practices required to develop and promote the
products, services, positions, and image of not-for-profit organizations
are considered. Fund-raising and membership recruitment
issues provide a central focus. Topics include the design
of a marketing strategy and marketing mix, pricing issues, alternative
revenue-generating mechanisms, and customer service.
Use of the media, advertising and promotion methods, and
relationships with business, government, and the community
are explored. The integration of sponsors, members, and chapters
in the total marketing effort is examined.
ADMN 659 Strategic Management in Not-for-Profit
Organizations (3)
The integration and application of strategic management principles,
concepts, and practices in not-for-profit organizations
are discussed. The development of mission statements, goalsetting
concepts, and strategy formulation and implementation
a p p roaches are included. Students are provided the opportunity
to design organizational plans and strategies relevant to their
specific needs and the needs of their organizations.
ADMN 660 Commercial Transactions: Law, Management,
and Proprietary Rights (3)
Recommended: ADMN 627. Students are presented with legal
issues and management methodologies related to commerc i a l
transactions in a technological environment. The law, ethics,
a c c o u n t a b i l i t y, and contract management considerations in the
p ro c u rement of technology products and services are among the
major topics considered in this course. In addition, specific areas
of study such as commercial sales transactions, government comm
e rcial item acquisition, private and government contracts for
s e rvices, assignment and protection of pro p r i e t a ry rights in technology
products, technology transfers, and international contractual
issues in the pro c u rement of products and services are presented.
| 116 | 2003–2004 Graduate Catalog