Financial Management for Nonprofit Organizations: Policies and Practices

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Product 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.

Financial Management for Nonprofit Organizations: Policies and Practices Review

It may come as a surprise to learn that non-profits account for some 1/7 of the US economy. Non-profits vary from huge operations like the major museums, universities and foundations down to the local theatre group putting on a play once or twice a year.

As a non-profit grows, so do the requirements for financial management. The organization may begin to get a variety of assets, there may be needs to manage investments or trust funds, there may be debts, and of course there is fundraising.

The other side of this is a requirement for financial reporting, not the least of which is the impact of Sarbanes-Oxley which had increased the responsibilites placed upon the management.

This book is aimed at the financial manager who may have gotten the responsibility without formal training, business-only- training and of course too little time and too few support staff to do the job. It is specifically aimed at the small, resourse-constrained organization, as well as for larger operations.

This is a very complete book, not all of which will be needed by most organizations, but which may become more important as the organization grows.

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