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HSM 260 Entire Course

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HSM 260 Week 1 CheckPoint Definition Scavenger

Hunt

HSM 260 Week 1 DQ 1 and DQ 2

HSM 260 Week 2 CheckPoint Accrual Method

HSM 260 Week 2 Assignment Personal Balance

Statement (Appendix C)

HSM 260 Week 3 CheckPoint Cost Per Output Cost Per

Outcome Response

HSM 260 Week 1 CheckPoint Definition Scaveng

er Hunt
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Define each of the following basic accounting terms in
your own words by finding sources on the Internet.

Provide the URL that supports the definition you have

created for each item.

GAAP

Basic accounting formula

Transaction, t-account

HSM 260 Week 1 DQ 1 and DQ 2

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How does the statement of functional expenses differ
from the statement of activities? What is the
difference between a revenue center and an expense
center as it relates to a human service organization?
Why do you need to know this information as an
employee in a human service organization?

What are the financial management issues that

human service organizations face? Is it important for
all of a human service organizations staff, not just the
financial experts, to understand financial
management? Why?

HSM 260 Week 2 Assignment Personal Balance S

tatement (Appendix C)
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Read the background information provided in
Appendix B.

Complete the personal balance statement template

provided in Appendix C based on your understanding
of the information in Appendix B.

Post your Appendix C as a Microsoft Excel

attachment.

HSM 260 Week 2 CheckPoint Accrual Method

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Answer the following questions in 200 to 300 words:

Nonprofit organizations are required to produce

financial statements based on the accrual method of
accounting. How is this different from the cash basis of
accounting? Why is accrual accounting important?

In an accrual system, does revenue equal cash?

What is the importance of the statement of cash flow

in the financial management of an organization?

HSM 260 Week 3 CheckPoint Cost Per Output Co

st Per Outcome Response
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Cost Per Output and Cost Per Outcome Response

Write a 200- to 300-word response to the following:

Why are cost per output and cost per outcome
calculations valuable to a human service agency?
What might happen if a human service agency did not
determine the cost per output and cost per outcome?

Post your answers as a Microsoft Word attachment.

HSM 260 Week 3 DQ 1 and DQ 2

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You have been selected to participate in a new bonus
plan. You receive a bonus based on the average cost
of delivering a service. You know the fixed cost of that
service is currently 75% of total costs. What action do
you take to ensure that you receive a bonus?

Explain the difference between direct cost and indirect

cost. What are some ways to allocate indirect costs?
Why is monitoring direct and indirect costs important
to the financial stability of a human service
organization?

HSM 260 Week 4 Assignment Fixed Costs, Variab

le Costs, and Break
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Resources: Ch. 10 in Financial Management.

Complete Exercises 10.1 & 10.2 on pp. 14647.

Post your final answers as a Microsoft Word

attachment.

HSM 260 Week 4 CheckPoint Financial Ratios

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Use the data from 2002 in Appendix D to calculate
each of the following:
Current ratio

Long-term solvency ratio

Contribution ratio

Programs and expense ratio

General and management and expense ratio

HSM 260 Week 5 CheckPoint Forecasting

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Resource: Ch. 9 in the text.

Read Exercises 9.1 on p. 130 & 9.3 on p. 131.

Forecast personnel expenses and total revenues

respectively, using weighted moving averages and
moving averages.

Explain how financial trends affect forecasting.

Post your final answers as a Microsoft Word

attachment.

HSM 260 Week 5 DQ 1 and DQ 2

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A budget systems model is the foundation from which
budgeting systems can be used to evaluate the
success of an agency or company. How are
performance budgeting systems used to evaluate the
efficiency and effectiveness of a human service
agency? Why is this important?

There are four forecasting techniques described in the

text. Briefly describe the merits of each one and
identify the one you feel is most beneficial in
forecasting for a human service organization.

HSM 260 Week 6 Assignment Fee Setting

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Resource: Ch. 11 in Financial Management.

Complete Exercises 11.1 & 11.2 on pp. 158159.

Determine the most important issues for a human

service agency to address in fee setting.

Determine the issues that are least important.

Justify your answers.

Post your answers as a Microsoft Word attachment.

HSM 260 Week 6 CheckPoint Calculating Fixed Co

sts, Variable Cost
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CheckPoint: Calculating Fixed Costs, Variable Costs,
and Break-Even Point for a Program

Calculate the fixed cost, variable costs, and breakeven point for the program suggested in Appendix D.

Base your calculations on the financial data for 2002.

Post your final answers as a Microsoft Word

attachment.

HSM 260 Week 7 CheckPointCatalog

of Federal Domestic Assistance
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Locate the Catalog of Federal Domestic Assistance at
http://www.cfda.gov/

Click on Select Assistance Type and choose a

particular type by clicking on it. Then click on the
Search button.

Choose three types of assistance from the list that

benefit the organization profiled in Appendix A the
most.

Reference the three programs chosen by including the

HSM 260 Week 7 DQ1 and DQ 2

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Which of the two procurement strategies is most
effective for a human service agency? Explain your
reasoning.

Identify the key components of cost reimbursement

contracts, performance contracts, and capitated
contracts. Which, in your opinion, is best suited for a
human service organization?

HSM 260 Week 8 Assignment Foundations Paper

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Select one of the following funding organizations:

United Way of America

The Robert Wood Johnson Foundation

The Bill & Melinda Gates Foundations

Health Resources and Services Administration

A community foundation in your area

HSM 260 Week 8 CheckPoint Collaborative Fund-r

aising Activity
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Consider the following scenario in your assigned

discussion group: Phoenix Homeless Agency (PHA)
needs funds to continue providing job counseling to
qualifying recipients.

Discuss with your assigned group how nontraditional

sources of funding might be used to solve the funding
problem for the PHA. Be creative.

HSM 260 Week 9 Capstone DQ

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Why is it important for a human service professional to

be familiar with financial management? Provide at
least two examples that illustrate your point.

HSM 260 Week 9 Final Analyzing Financial Stat

ements
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Resource: Appendix A

Review the financial statements in Appendix D.

Calculate the following: Current ratio, long-term

solvency ratio, contribution ratio, programs and
expense ratio, general and management and expense
ratio, fund-raising and expense ratio, and revenue and
expense ratio for the years 2003 and 2004.

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