Understanding nonprofit financial management: how practices differ from for-profit organizations. (includes related article on tax-exemption)(Board Primer)Langan, John P
With two new major topic sections (nonprofit organization accounting and pricing theory for profitability) and spot color reformatting to improve comprehension, this third edition of Financial Statements is simply the clearest and most comprehensive introduction to financial reporting availa...
17.5 Analyzing Financial Performance UsingRatios Liquidity Ratios Leverage (Debt) Ratios Profitability (Performance) Ratios Activity Ratios •Ratio analysis is the assessment ofa firm's financial condition, using calculations and financial ratios developedfrom the firm's financial statements.The four key ...
"I would really urge parents to sit down with their students and take a good look at the nonprofit options for their career path," says Martin Lynch, president of the Financial Counseling Association of America and compliance manager and director of education at Massachusetts-based Ca...
Though most charities tend to use donated funds appropriately, the growing rate of fraud has brought the subject of abuse to light. Some organizations are simply lacking from a financial aspect; others are involved to raise funds for the enrichment of their personal party. Many employ the strateg...
GAAP is a set of standards designed to facilitate transparency and consistency in communicating financial information.
Most businesses operate to generate aprofit, commonly called for-profit. However, some businesses that have a goal to advance a certain cause without profit are referred to as not-for-profit or nonprofit. These entities may operate ascharities, arts, culture, educational, and recreational enterpris...
Provides a guide to policies, procedures, financial statements and fiscal fitness for board members of for-profit and nonprofit organizations. Way of ensuring effective internal control in the finances of an organization; Difference betwe...
The term endowment is also used to refer to the total investable assets of a nonprofit institution like a university. The endowment, also known as the institution's “principal” or “corpus,” is used for operations or programs that are consistent with the wishes of the donor(s). ...