As the manager of a nonprofit organization please list five policies that you can implement to protect your organization's cash?
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As the manager of a nonprofit organization please list five policies that you can implement to protect your organization's cash?
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- An summary of how you would allocate people and money to the WBS's operations should be provided.What is the major source revenue in non profit organization? Select one: a. Membership fees b. Sales goods c. Goods service d. All the other pointsUse the internet to research one for-profit, one governmental, and one not-for-profit entity. For each entity, describe the following: A. the primary purpose of the entity B. the types of activities that accountants would record (hint: what is the source of the entitys funding, and what costs might the entity have?) C. the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process
- Select one of the following nonprofit organizations:1.The American Accounting Association2.American Red Cross3.United Way4.American Cancer Society5.American Institute of CPAsUse the Annual Report of the organization you have selected to:a. Identify the financial statements that the entity presents and what additional disclosure it presents.b. Analyze how contributions are recognized (contributions revenues). Does the organization have net assets with restrictions imposed by donors? What is the nature of the restrictions?Suppose you were the financial manager of a not-for-profit business (a not-for-profit hospital). What kinds of goals do you think would be appropriate?1.Explains the importance and role of the business fund (business activities) in government entities.2. How company fund accounting (business activities) compares to accounting for a for-profit company.
- Regarding Nonprofit Accounting, are there rules/policies regarding source documents and receipts for payments or purchases made by the nonprofit organization? Is it different if payments or purchase is made by petty cash, check, or credit card?Considering the importance of financial record keeping, which financial documents do you need keep, file and report? Which method is best for creating and organizing them in a timely and accurate way? Why are these documents so important for your grant writing, foundation proposals, and other funding events? How do these documents enhance credibility and reputation with potential funding sources?How to prepare financial statements for a government agency and non-profit organization?
- Using this template, formulate and create a minimum of three SMART goals related to these aspects of personal financial planning. For each goal, also identify why this is an important financial goal for you at this time. Career planning and development Spending plan/cash flow analysis Tax planning Savings and investing Use of creditThe Village of Rebecca receives photocopy services from its central copy center operation. Which funds would be involved in this transaction? O A) Capital Projects Fund & Internal Service Fund. B) Agency Fund & Internal Service Fund. Agency Fund & General Fund. D) Internal Service Fund & General Fund.Discuss the basic assumptions of CVP analysis and how can we use CVP analysis in making decisions in a not-for-profit organization, as well as a for-profit organization?
