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Author: Thomas Ittelson
Publisher:
ISBN: 9781970050400
Category :
Languages : en
Pages :
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Book Description
This short book will guide readers through the fundamentals of nonprofit accounting, financial statements and financial reporting ? and all in a quick 30 pages! Written for nonprofit board members, managers, and staff who do not have an accounting or financial background. Learn the specialized vocabulary of accounting and the simple numeric structure of financial statements, but without the unnecessary details that can get in the way of understanding. No prior accounting knowledge is required. See how the Statement of Activities (the Income Statement in for-profit companies), Statement of Financial Position (Balance Sheet), Cash Flow, and Statement of Functional Expenses (unique to nonprofit reporting) summarize the mission-focused actions of the organization and report on its financial condition. This 30-page guide is complementary to the authors more detailed 230-page text best-seller, "Nonprofit Accounting and Financial Statements: Overview for Board, Management, and Staff" also available on Amazon in paperback (ISBN-13: 978-0-9971089-6-5) and Kindle versions. See all the MercuryGroupPress 30-Page Nonprofit Guides on Amazon.
Author: Thomas Ittelson
Publisher:
ISBN: 9781970050400
Category :
Languages : en
Pages :
Get Book
Book Description
This short book will guide readers through the fundamentals of nonprofit accounting, financial statements and financial reporting ? and all in a quick 30 pages! Written for nonprofit board members, managers, and staff who do not have an accounting or financial background. Learn the specialized vocabulary of accounting and the simple numeric structure of financial statements, but without the unnecessary details that can get in the way of understanding. No prior accounting knowledge is required. See how the Statement of Activities (the Income Statement in for-profit companies), Statement of Financial Position (Balance Sheet), Cash Flow, and Statement of Functional Expenses (unique to nonprofit reporting) summarize the mission-focused actions of the organization and report on its financial condition. This 30-page guide is complementary to the authors more detailed 230-page text best-seller, "Nonprofit Accounting and Financial Statements: Overview for Board, Management, and Staff" also available on Amazon in paperback (ISBN-13: 978-0-9971089-6-5) and Kindle versions. See all the MercuryGroupPress 30-Page Nonprofit Guides on Amazon.
Author: Steven H. Berger
Publisher: Boardsource
ISBN: 9781586861049
Category : Business & Economics
Languages : en
Pages : 92
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Book Description
"This book concentrates on one major and widely recognized method of measuring value: financial statements and their implications for outcomes. It is organized to maximize a nonprofit board member's understanding of the most important financial elements within his or her organization. At the outset, the book reviews the function of the board in its goal-setting role, which includes financial outcomes. This sets the stage for examining the differences between simple accounting and the board's function in analyzing accounting numbers to portray financial outcomes. Understanding the major elements of the financial statements is the heart of the book, and attention is given to the key ways in which those elements represent the real financial outcomes of the operations performed by the organization's senior management and staff over the relevant time period. The remainder of the book highlights similarities and differences of interim versus audited financial statements, some very specific ways to use available financial information to fulfill the board's fiduciary responsibilities, and, finally, how to utilize financial information to measure organizational performance. Included is a CD-ROM that contains sample financial documents and a Microsoft 'PowerPointʼ presentation on financial practices that can be used at board meetings to improve financial skills."--P. ix.
Author: John Paul Dalsimer
Publisher:
ISBN: 9780925299109
Category : Financial statements
Languages : en
Pages : 24
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Book Description
Illustrates basic financial concepts that all individual board members should understand. Jargon-free explanations are ideal for the board member new to financial responsibilities or to nonprofit accounting. Descriptions and sample statements offer clear guidelines for board members, individuals serving as treasure or on a financial committee, and staff working with the board.
Author: Andrew S. Lang
Publisher: John Wiley & Sons
ISBN: 111897669X
Category : Business & Economics
Languages : en
Pages : 272
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Book Description
EXPERT GUIDANCE ON HOW TO READ, INTERPRET, AND USE NONPROFIT FINANCIAL STATEMENTS—UPDATED TO INCLUDE THE NEW FASB STANDARD FOR NONPROFIT FINANCIAL REPORTING Whether you’re a nonprofit executive unfamiliar with the language of financial statements or a seasoned pro, this book is the only guide you’ll need to correctly interpret those critical documents, refresh your skills and familiarize yourself with the new FASB nonprofit reporting standards. The intent behind the recent FASB accounting standards update was to improve the clarity and usefulness of nonprofit financial statements. But making sense of those statements can still be tough for the uninitiated. Accountants and non-accountants who use and prepare nonprofit financial statements need guidance on how to interpret and implement these new FASB standards. Written for both audiences, this book: Clearly defines accounting terminology and concepts, while offering numerous examples of financial statements reflecting both the old and new FASB standards Steers you, line-by-line, through financial reports, providing in-depth explanations of the differences between the old and new standards Provides numerous illustrations to help you quickly feel at home with the format of nonprofit financial statements Offers exercises to help you gain insight into the core concepts of nonprofit financial statements and reinforce your command of those concepts In addition to the new FASB standards, this expanded edition includes: A new chapter on reserves, a long-standing challenge for nonprofits A new section on general financial analysis, outlining what financial statement readers should look for to stay informed and satisfy their responsibility regardless of their role A new chapter on benchmarking to help nonprofits measure performance against industry peers How to Read Nonprofit Financial Statements, Third Edition is an invaluable resource for anyone who reads, interprets, or prepares these all-important documents.
Author: Thomas R. Ittelson
Publisher:
ISBN: 9780997108941
Category : Financial statements
Languages : en
Pages : 58
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Book Description
Author: John Zietlow
Publisher: John Wiley & Sons
ISBN: 1119382599
Category : Business & Economics
Languages : en
Pages : 770
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Book Description
Essential tools and guidance for effective nonprofit financial management Financial Management for Nonprofit Organizations provides students, professionals, and board members with a comprehensive reference for the field. Identifying key objectives and exploring current practices, this book offers practical guidance on all major aspects of nonprofit financial management. As nonprofit organizations fall under ever-increasing scrutiny and accountability, this book provides the essential knowledge and tools professional need to maintain a strong financial management system while serving the organization’s stated mission. Financial management, cash flow, and financial sustainability are perennial issues, and this book highlights the concepts, skills, and tools that help organizations address those issues. Clear guidance on analytics, reporting, investing, risk management, and more comprise a singular reference that nonprofit finance and accounting professionals and board members should keep within arm’s reach. Updated to reflect the post-recession reality and outlook for nonprofits, this new edition includes new examples, expanded tax-exempt financing material, and recession analysis that informs strategy going forward. Articulate the proper primary financial objective, target liquidity, and how it ensures financial health and sustainability Understand nonprofit financial practices, processes, and objectives Manage your organization’s resources in the context of its mission Delve into smart investing and risk management best practices Manage liquidity, reporting, cash and operating budgets, debt and other liabilities, IP, legal risk, internal controls and more Craft appropriate financial policies Although the U.S. economy has recovered, recovery has not addressed the systemic and perpetual funding challenges nonprofits face year after year. Despite positive indicators, many organizations remain hampered by pursuit of the wrong primary financial objective, insufficient funding and a lack of investment in long-term sustainability; in this climate, financial managers must stay up-to-date with the latest tools, practices, and regulations in order to serve their organization’s interests. Financial Management for Nonprofit Organizations provides clear, in-depth reference and strategy for navigating the expanding financial management function.
Author: Charles K. Coe
Publisher: John Wiley & Sons
ISBN: 1118088611
Category : Business & Economics
Languages : en
Pages : 258
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Book Description
A timely, practical, and concise handbook of best practices for nonprofit financial management In 2010 an estimated 325,000 charities, membership groups, and trade associations?with small nonprofits disproportionately represented?stand to lose their tax exemptions for failure to comply with financial management requirements. Nonprofit Financial Management: A Practical Guide is a timely, functional, and concise handbook of best practices for nonprofit organizations of every size. Addresses federal reporting requirements and discusses methods to decrease expenses, ensure accounting control, increase revenues through professional cash management, and understand budget statements Explains how to read financial statements and analyze a nonprofit's financial condition by using the most recent IRS 990 reporting form Covers the full range of financial-management topics, including accounting, internal controls, auditing, evaluating financial condition, budgeting, cash management and banking, purchasing and contracting, borrowing and risk management Written in an easy-to-read style, with more than 100 exhibits, this book is essential for every nonprofit financial manager.
Author: Thomas R. Ittelson
Publisher: Mercury Group
ISBN: 9781970050035
Category :
Languages : en
Pages : 290
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Book Description
Most popular book on the nonprofit financial governance directed at non-financial board members, management, and staff.
Author: John Zietlow
Publisher: John Wiley & Sons
ISBN: 1118046277
Category : Business & Economics
Languages : en
Pages : 819
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Book Description
Indispensable for all types and sizes of nonprofit organizations, this important book imparts a clear sense of the technical expertise and proficiency needed as a nonprofit financial officer and includes real-world case studies, checklists, tables, and sample policies to clarify and explain financial concepts.
Author: Steven M Bragg
Publisher: Accountingtools, Incorporated
ISBN: 9781642211016
Category :
Languages : en
Pages : 0
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Book Description
This practical guide shows how to create and operate a nonprofit accounting system and produce financial statements, all while operating in accordance with nonprofit accounting standards. The book walks the accountant through basic nonprofit accounting concepts and then discusses more advanced topics, including budgeting, controls, revenue recognition, joint costs, split-interest agreements, tax reporting, and mergers and acquisitions. In short, the book offers a wealth of information for understanding nonprofit transactions and financial statements.
