Effective Financial Management in Public and Nonprofit Agencies PDF Download

Author: Jerome B. McKinney
Publisher: Greenwood Publishing Group
ISBN: 9780899309255
Category : Business & Economics
Languages : en
Pages : 564

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Book Description
In this new and updated edition, new chapters place a special emphasis on "ceiling and target base budget estimating," ratio analysis, TQM, and internal control cost systems. Accountability is given a fresh approach, as it deals with the complicated issues of today's nonprofit organizations.

Author: Jerome B. McKinney
Publisher: Bloomsbury Publishing USA
ISBN: 1440831238
Category : Business & Economics
Languages : en
Pages : 624

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Book Description
This analytical volume looks at emerging fiscal trends and introduces the tools for effective financial management to American business professionals in the public, private, and nonprofit sectors. This hard-hitting book is the most comprehensive reference to financial theory and practice for operating a business—profit or nonprofit—in the United States today. Content focuses on fiscally responsible behaviors and strategies, such as the introduction of a financial auditing system to troubleshoot potential problems before they occur, the creation of internal control and risk management systems, and step-by-step procedures for ensuring maximum transparency and accountability in every part of the organization. Author and financial expert Jerome B. McKinney has expanded on the previous edition of this popular financial text, offering the latest best practices in e-government applications, cash flow analysis, revenue forecasting, and fiscal health evaluations. This fourth edition also looks at sustainability, the role of monetary policies and fiscal policy, globalization and its competitive impact, and the massive growth of outsourcing. On a final note, the work explains how recent legislation has influenced the development, use, and implementation of performance measures holding government agencies more accountable for their actions.

Author: Jerome B. McKinney
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 568

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Book Description
In this new and updated edition, new chapters place a special emphasis on "ceiling and target base budget estimating," ratio analysis, TQM, and internal control cost systems. Accountability is given a fresh approach, as it deals with the complicated issues of today's nonprofit organizations.

Author: John Zietlow
Publisher: John Wiley & Sons
ISBN: 1119382564
Category : Business & Economics
Languages : en
Pages : 773

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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: Lynne A. Weikart
Publisher: Waveland Press
ISBN: 1478649526
Category : Political Science
Languages : en
Pages : 334

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Book Description
A nonprofit’s mission cannot be achieved unless there are resources available to fund it—without a sound financial strategy, a nonprofit cannot thrive. By creating stable financial foundations for their nonprofits, managers take advantage of the nonprofit sector’s size and scope, realize all of the sources and distribution of revenues, and effectively develop fiscal risk assessment methods and apply strategies to mitigate risk. Nonprofit managers must comprehend and efficiently use the financial tools available to them to develop financial policies that will help them to succeed in many types of economies. The Second Edition presents financial concepts in a straightforward format grounded in real examples that are readily accessible to students from any background. The authors provide the groundwork for solid accounting principles and ethical guidelines, define and set standards for internal controls and audits, and explain the ingredients used to measure program performance. Today’s nonprofits must also be aware of the growing scope of the fourth sector of social enterprise, which can inspire nonprofits to be flexible, creative, and innovative in achieving their missions.

Author: Lynne A. Weikart
Publisher: CQ Press
ISBN: 1608716937
Category : Business & Economics
Languages : en
Pages : 409

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Book Description
Budgeting and Financial Management for Nonprofit Organizations fills the need for a text focused solely on nonprofit organizations. Its treatment of financial topics as they apply to nonprofits is instructive, accessible, and appealing. The book's depth and breadth are a welcome contribution to the field.

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: Steven A. Finkler
Publisher: CQ Press
ISBN: 1506326862
Category : Political Science
Languages : en
Pages : 866

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Book Description
Now in its Fifth Edition, Financial Management for Public, Health, and Not-for-Profit Organizations is the leading textbook on financial management in the government, health, and not-for-profit sectors providing a comprehensive yet practical introduction to the financial decision-making and management skills required of students and practitioners in the field. Assuming readers have no prior training in financial management, authors Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, and Robert M. Purtell artfully combine the principles and theory and analytics of accounting and finance. Coverage includes cost analysis, budget preparation, budget and variance analysis, management control, and recording and reporting financial information, with an emphasis on preparing and analyzing financial statements. The authors detail the foundational principles of each of the methods introduced in the book, and through step-by-step equations, figures, and exhibits, they illustrate how to execute financial management in practice.

Author: Edward J. McMillan
Publisher: John Wiley & Sons
ISBN: 9780470642405
Category : Business & Economics
Languages : en
Pages : 240

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Book Description
Take control of your organization's short- and long-term financial plan Now fully revised, Not-for-Profit Budgeting and Financial Management, Second Edition, offers a financial planning system that is not only easy to use and monitor, but also ensures true fiscal accountability in the complex not-for-profit arena. Adds three entirely new chapters on Footnoting the Statement of Activity, Presenting Cash Prepared and Accrual Statements on the same page, and The Importance of the Executive Summary Fully updated with the latest financial advice to benefit your nonprofit Explains how to separate controllable, semi-controllable, and fixed expenses Reveals how you can prepare and present such top-notch budget documents that budgets will be approved the first time Written in a nontechnical, understandable format, incorporating dozens of relevant forms and documents, this completely revised and expanded edition will enable your nonprofit organization to create and manage reasonable financial plans that fit their organization's needs.

Author: Jo Ann Hankin
Publisher: John Wiley & Sons
ISBN:
Category : Business & Economics
Languages : en
Pages : 634

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Book Description
This cash management and investment handbook for nonprofit managers helps managers from diverse backgrounds learn to manage their organization's money. It examines traditional treasury functions including banking and cash flow and explores investment management and strategies for managing excess cash, endowment, and long-term (planned) gifts. It also examines financial management strategies that impact cash flow, including borrowing, risk management, benchmarking, and long-term planning. Addresses the needs of all types and sizes of organizations, from small religious groups and community social service agencies to major cultural institutions and colleges and universities. Includes a diskette with spreadsheet solutions to common financial management problems, such as interest rate calculations, basic yield calculations, financial rations and more.