Accounting (ACCT) 245

Accounting for Managers of Not-for-Profit Organizations (Revision 5)

ACCT 245

ACCT 245 is permanently closed, effective October 24, 2018

View previous syllabus 

Delivery Mode: Individualized study online (with eTextbook)

Credits: 3

Area of Study: Applied Studies
(Business and Administrative Studies)

Prerequisite: None

Precluded Course: ACCT 250. ACCT 245 cannot be taken for credit if credit has already been granted for ACCT 250.

Faculty: Faculty of Business

ACCT 245 has a Challenge for Credit option.

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This course is intended to provide managers and potential managers with an overview of the subject of accounting for not-for-profit organizations. Students will learn basic financial and managerial accounting concepts and how to read and analyze financial statements. The course starts by looking at the commonalities and differences between for-profit and not-for-profit organizations. It then introduces students to the basics of bookkeeping and accounting and tools that are commonly used in the decision-making process and financial analysis. The course concludes with an introduction to basic capital budgeting techniques.


  • Lesson 1: Overview of Financial Management
  • Lesson 2: The Language of Accounting
  • Lesson 3: Statement of Cash Flows
  • Lesson 4: Financial Statement Analysis
  • Lesson 5: Decision Making
  • Lesson 6: Working Capital Management
  • Lesson 7: Planning, Budgeting, and Controlling
  • Lesson 8: Financing and Financial Markets
  • Lesson 9: Time Value of Money
  • Lesson 10: Capital Budgeting


In order to receive credit for receive credit for ACCT 245, you must achieve a cumulative course grade of D (50 percent) or better, and you must achieve a grade of at least 50 percent on your Final Examination. Your cumulative course grade will be based on eleven online quizzes, two written assignments, and the Final Examination.

Activity Weighting
11 Mini Quizzes 15%
Assignment 1 20%
Assignment 2 15%
Final Exam 50%
Total 100%

The examination(s) for this course will be written in the traditional pen and paper format.

To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.

Course Materials


Registration in this course includes an electronic textbook. For more information on electronic textbooks, please refer to our eText Initiative site.

Bergeron, P.G. (2014). Finance for non-financial managers (7th ed.),Toronto, ON: Nelson Education Ltd. ISBN 13 978-0-17-653083-9

A print version of the eText may be available for purchase from the publisher through a direct-to-student link provided on the course website; you can also acquire the textbook on your own if you wish.

Other Resources

All other learning resources will be available online.

Challenge for Credit Overview

The Challenge for Credit process allows you to demonstrate that you have acquired a command of the general subject matter, knowledge, intellectual and/or other skills that would normally be found in a university-level course.

Full information about Challenge for Credit can be found in the Undergraduate Calendar.

Challenge Evaluation

To receive credit for the ACCT 245 challenge registration, you must achieve a grade of at least D (50 percent) on the examination.

Paper Exam

Undergraduate Challenge for Credit Course Registration Form

Athabasca University reserves the right to amend course outlines occasionally and without notice. Courses offered by other delivery methods may vary from their individualized-study counterparts.

Opened in Revision 5, January 8, 2015.

View previous syllabus