Most clergy graduate from seminary or divinity school with little or no training in financial management or administration to assist them in leading a church congregation. Given these circumstances, it is not shocking when things go awry, and church congregations and pastors face financial challenges.



Financial Management for Churches
This course is part of Church Administration: Finance Specialization

Instructor: Russell Elmayan
Access provided by Coursera Learning Team
What you'll learn
Connect Gospel-based financial stewardship to financial management best practices.
Explain common financial risks in church operations.
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4 assignments
March 2025
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There are 4 modules in this course
This week will sketch out a theology of financial management. You will hear an analysis of how scripture encourages a stewardship approach to church financial management. Instead of shying away from engaging with the worldly sphere of money, this lesson will present scriptural references to the importance of church financial administration and financial stewardship. This lesson will help you understand your role in relation to church financial management. Moreover, you will learn how ethical and prudent financial management enables or hinders the church’s ability to serve God’s people in word and deed. The impact of the church’s financial management will be reinforced with real-life examples where financial training, or lack thereof, impacts the ministry of the church.
What's included
4 videos5 readings1 assignment2 discussion prompts
This week, you will learn about the key principles of financial reporting, including income statements, balance sheets, cash flow projections, and capital expense budgets. Furthermore, you will build your skills and intuition about budgets. You will practice balancing budgets, and consider how to navigate past due financial obligations and stock gifts.
What's included
4 videos5 readings1 assignment1 discussion prompt
This week, you will learn about comparative financial analysis of parish operations, and financial best practices around managing endowments and endowment spending policies. You will compare unrestricted, designated, and restricted gifts, analyzing the use and flexibility of each type. You will learn about the purpose of audits and other internal control reviews, and the management of one-time sources of revenue. After analyzing ways to balance a designated gift against routine budget obligations, you will test your knowledge via a summative quiz on the week’s topics. Finally, you will preview Week 4, which highlights best practices for directing and managing financial committees.
What's included
4 videos6 readings1 assignment1 discussion prompt
This week, you will receive a high-level overview of church financial leadership that prioritizes strategic, long-term financial planning and transparent reporting to stakeholders. This overview will analyze your role in church building projects, capital campaigns for facility construction, loans for building projects, and annual financial reporting to the congregation. Furthermore, you will learn about potential tax issues and their implications for congregations in the United States.
What's included
5 videos6 readings1 assignment1 discussion prompt
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