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Online Course: Introduction to Financial Management

January 27, 2020

$195 – $295
White text on a purple color block reads AASLH Online Course Introduction to Financial Management. Behind the color block, there is a closeup of dollar bills.

An AASLH Small Museum Pro! Online Course

Course Description

Designed for staff and volunteers of all abilities and organizations of all sizes, this four-week course provides an accessible, clear, and even fun introduction to financial concepts. From understanding expenses and income to how to establish an endowment, this course will equip you with a toolkit to engage with finance on your terms and to your ability.

Over the four weeks, students will participate in dynamic discussions, review relevant and timely readings, and ultimately build a real, usable budget tailored to their organization’s needs.  

The course is divided into four weekly segments, each accompanied by an online lesson, forum, chat, and assignment:

  • Week One: Introduction to financial terminology and reporting systems
  • Week Two: Understanding earned, contributed, and investment income; UBIT
  • Week Three: Understanding expenses, cost projections and analysis
  • Week Four: The relationship between finance and mission relevance; financial health

Details

COURSE DATES: January 27 – February 23, 2020

COST: $195 AASLH Members / $295 Nonmembers

OPEN REGISTRATION: November 1, 2019 – January 19, 2020; 20 participant limit

REGISTER HERE

Course Logistics

FORMAT: Online, instructor-led, weekly-paced course

LENGTH: 4 weeks 

PARTICIPATION STYLE: Weekly assignments; final course assignment; elective participation in online real-time chats. Students should expect to spend 2-5 hours per week on the course. 

MATERIALS: One required text, Financial Fundamentals for Historic House Museums, Rebekah Beaulieu, 2017 (Texts are NOT INCLUDED with your registration. You must order the book separately from the book seller of your choice.) Students should bring real-life financial information to the course to be used in course assignments to create a budget. Students should also have access to and basic knowledge of Microsoft Excel or a similar spreadsheet program as it will be used extensively to complete assignments. Note: all institutional financial information will be kept confidential and shared only with the instructor. 

CREDIT: Successful completion of this course (80% or higher) will earn one credit toward the Small Museum Pro! certificate from AASLH.

Participant Outcomes

At the end of this course you will:

  • Understand processes related to budgets and basic financial systems in accordance with best practices
  • Understand institutional financial planning, goal-setting, and analysis
  • Bridge mission- and non-mission-based activities with financial outcomes
  • Feel more comfortable and better equipped to create operational and special project budgets

Who Should Take This Course

Whether you have financial responsibilities at your organization, wish to build a skill set for a leadership position in the future, or simply want to better comprehend and contribute to financial decision-making, this course is for you.  

Instructor

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Rebekah Beaulieu, Ph.D. is the Director of the Florence Griswold Museum, an art museum, National Landmark historic house, and 13-acres of gardens and grounds in Old Lyme, Connecticut. She serves on the faculty of AASLH’s History Leadership Institute, and is a member of the Association’s Finance Committee. Becky is also a board member of the New England Museum Association and Connecticut Humanities, and was recently appointed an AAM Accreditation Commissioner.

Becky is the author of Financial Fundamentals for Historic House Museums (Rowman & Littlefield, 2017). She holds an M.A in Art History and Museum Studies from the University of Wisconsin-Milwaukee, and in Arts Administration from Columbia University; she earned her Ph.D. in American and New England Studies at Boston University.