Discuss how characteristics of not-for-profit organizations differ from for-profit organizations

Q: Do the principles of natural justice apply to incorporated and unincorporated societies? – explain…

A: A business organization can be formed in various business organizations, such as a sole…

Q: What are some ways a board can train their employees to be effective in its financial decision…

A: It is important that employees view the goal of the company in the same way as the board would view…

Q: Differentiate accounting for government and not-for-profit organization from a business enterprise.

A: Business enterprises are those organisation which run and execute their business for the purpose of…

Q: A board sets aside resources to earn investment income to support general operations. Would the…

A: In most cases, the money that has been set aside by the Board with the intention of producing…

Q: What note disclosures are specific to nonprofits or government entities, and why are they needed? In…

A: Note Disclosures are an essential part of financial reporting for both nonprofits and government…

Q: Any businesses that have charitable commitments can also meet their financial and legal obligations.…

A: marginal costing is easy to operate, under this method there is no need to computing under or over…

Q: Define professional corporation

A: Answer: A corporation is a separate legal entity to be registered under state law from its managers…

Q: Define the term “social capital.” Discuss the concept of social capital as it relates to the purpose…

A: Answer: Positive product of human activity is considered as a social capital. The beneficial impact…

Q: How do the activities of a company benefit society?

A: Even though a company have a profit motive, a cost can benefit society in many ways.

Q: why do managers of governmental and not for non profit organizations need to understand financial…

A: The main difference between government or non-profit entities and profit entities is their purpose.…

Q: What are the financial goals of a governmental entity? A not-for-profit entity?

A: The specific targets or objectives that an entity sets to accomplish in its financial operations are…

Q: To what extent do you think that charity is a personal decision and not a corporate one? Companies…

A: According to my view point its depends upon the person to set apart their money into the charity.…

Q: What are the Key differences between Private Not-For-Profit and Government Health Care Providers?​

A: Business Organization: Business organization refers to the type of composition based on which a…

Q: “Income and Expenditure Account of a Not-for-Profit Organisation is akinto Profit and Loss Account…

A: A profit & loss statement shows the organization's revenue, expenses, and its profit for a…

Q: What is triple bottom line in under corporate social responsibility?

A: Corporate Social Responsibility: It is a concept where companies show concern for social and…

Q: Compare the potential for agency problems in sole proprietorships, partnerships, and corporations.…

A: An agency issue is a contradiction of interest that exists in every connection in which one person…

Q: Please outline key financial controls for an NGO and why they are important

A: NGO: NGO stands for a non-governmental group, it is a group form to work toward social service, not…

Q: TRUE OR FALSE A non-stock, non-profit institution must be organized for religious, charitable,…

A: A non-stock, non-profit institution has two main components or parts to it – non-stock and…

Q: Which of the following least likely distinguishes nonprofits from for-profit corporations? a) Profit…

A: Profits are the money a company makes after subtracting all costs and taxes from its total revenue.…

Q: What are the objectives of financial reporting of not-for-profit organizations?

A: Not-for-profit organizations: Not-for-profit organizations are those organizations that run not for…

Q: Looking at different literature, discuss if there is a unique definition for the social…

A:

Q: Which organization is responsible for issuing reporting standards for private not-for-profit…

A: A type of business organization that does not focus on earning profits for its owners but works for…

Q: What ratio is frequently used to assess the efficiency of not-for-profit entities?

A: The ratio of program service expenses to total expenses is frequently used by the analyst in order…

Q: Which one is not related to Non-profit organization? Select one:  a. Sales in market b. Community…

A: Non profit organization means the activites which is not run for earning the profit but for…

Q: Distinguish between government and not-for-profit organizations from business entities and describe…

A: Business entities are described as those units which are formulated to provide professional…

Q: Give me Financial Planning What are possible sources for the start-up funding for incorporation of…

A: When an individual or group of individuals aims to launch a new business or product, it is known as…

Q: Stakeholders include any one who has financial interest stake or claim in an organization and or…

A: The Stakeholders include any person or entity which is affected by the decision of the entity and…

Q: What is the major source revenue in non profit organization? Select one: a. Membership fees b. Sales…

A: Non-profit organization: It can be defined as a type of business entity that runs for a social cause…

Q: Accounting purpose of Governmental and not-for-profit organizations are different from business…

A: The main motive of business organizations is to earn maximum profit by selling the goods &…

Q: Should organisations operate in the interest of shareholders or the stakeholders?

A: Stakeholder means those person who use and study the financial statement and make the appropriate…

Q: Is the Strategic Stakeholder model of Corporate Social Responsibility closer to the Shareholder…

A: We have to briefly understand what are  Strategic Stakeholder Model of Corporate Social…