Produktbild: Financial Management for Nonprofit Organizations

Financial Management for Nonprofit Organizations Policies and Practices

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Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

14.05.2018

Verlag

John Wiley & Sons Inc

Seitenzahl

768

Maße (L/B/H)

26/18,3/4,5 cm

Gewicht

1615 g

Auflage

3rd edition

Sprache

Englisch

ISBN

978-1-119-38256-0

Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

14.05.2018

Verlag

John Wiley & Sons Inc

Seitenzahl

768

Maße (L/B/H)

26/18,3/4,5 cm

Gewicht

1615 g

Auflage

3rd edition

Sprache

Englisch

ISBN

978-1-119-38256-0

Herstelleradresse

Libri GmbH
Europaallee 1
36244 Bad Hersfeld
DE

Email: [email protected]

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  • Produktbild: Financial Management for Nonprofit Organizations
  • About the Authors xxiii

    Preface xxv

    Acknowledgments xxix

    1 Understanding Nonprofit Organization Finances 1

    1.1 The Impact of the Great Recession 2

    1.2 Definition of Nonprofit Organizations 3

    1.3 Characteristics of Nonprofit Organizations 7

    1.4 Understanding the Language of the Nonprofit Organization 9

    1.5 Financial Policies 10

    1.6 Financial Practices 11

    1.7 Primary Financial Objective 12

    1.8 Conclusion 17

    2 Liquidity Management 29

    2.1 Introduction 29

    2.2 Noncommercial Nonprofit Organizations 34

    2.3 Evidence on Liquidity Management in the Nonprofit Sector 37

    2.4 Facets of Liquidity Management 40

    2.5 Importance of Liquidity Management 42

    2.6 What Is the Appropriate Level of Liquidity? 51

    2.7 Conclusion 54

    3 Managing Mission, Strategy, and Financial Leadership 59

    3.1 Value of Strategic Planning 60

    3.2 What Is Strategic Planning? 61

    3.3 What Are the Organization's Mission, Vision, and Goals/Objectives? 61

    3.4 Strategic Management Process 65

    3.5 Implementing the Strategic Plan 73

    3.6 Performance Management Systems 78

    3.7 Strategic Planning Practices: What Does the Evidence Show? 88

    3.8 Conclusion 89

    4 Managing Structure, Accountability, and Ethics 93

    4.1 Financial Tools and Support Structure 93

    4.2 Organizational Structure and Governance 96

    4.3 Accountability Structure 122

    4.4 Ethics 129

    4.5 Structure, Accountability, and Ethics in Practice 135

    4.6 New Forms 137

    4.7 Conclusion 138

    5 Developing Financial Policies 165

    5.1 Introduction 165

    5.2 Financial Policies 176

    5.3 Putting Policies into Place 189

    5.4 Establishing Procedures 190

    5.5 Financial Policies and Procedures in Practice 191

    5.6 Additional Resources 193

    6 Understanding Financial Accounting Basics and Financial Statements 201

    6.1 Introduction 201

    6.2 Financial Statement Users and Uses 202

    6.3 Accounting Basics 210

    6.4 Three Financial Statements 213

    6.5 The Audit and the Audit Committee 235

    6.6 Financial Statement Users and Uses in Practice 236

    6.7 Social Accounting 237

    6.8 Additional Resources 237

    7 Developing Financial Reports and Ratios: Making Sense of the Numbers 257

    7.1 Introduction 257

    7.2 Major Differences From For-Profit Business Reports 258

    7.3 Objectives of Financial Reports 263

    7.4 Reporting System Design 267

    7.5 Major Reports 268

    7.6 Internal Reports 268

    7.7 External Reports 304

    7.8 Conclusion 306

    8 Developing Operating and Cash Budgets 333

    8.1 Introduction 333

    8.2 Overview of the Budgeting Process 335

    8.3 Are Nonprofit Organizations Doing Their Budgeting Properly? 336

    8.4 Developing and Improving Your Budgeting Process 337

    8.5 Setting the Budgetary Amounts 346

    8.6 Budget Technique Refinements 357

    8.7 Cash Budget 363

    8.8 Managing off the Budget 367

    8.9 Conclusion 372

    9 Long-Range Financial Planning and Capital Budgeting 389

    9.1 Introduction 389

    9.2 Planning for the Future 391

    9.3 Financial Evaluation of New and Existing Programs 415

    9.4 Capital Budgeting: Financial Evaluation of Projects That Arise from Existing Programs 418

    9.5 Financial Evaluation of Mergers, Joint Ventures, and Strategic Alliances 425

    9.6 Financial Planning and Capital Budgeting in Practice 434

    9.7 Conclusion 435

    10 Managing Your Organization's Liabilities 447

    10.1 Managing the Balance Sheet 448

    10.2 Balance Sheet Management: Benefits and Steps 449

    10.3 Payables 454

    10.4 Short-Term Borrowing 455

    10.5 Strategic Financing Plan 456

    10.6 Steps to Successful Borrowing 458

    10.7 Matching Financial Sources to Strategic Objectives 463

    10.8 Preparing the Financing Proposal 464

    10.9 Making the Presentation 465

    10.10 Other Factors in Borrowing/Lending Decisions 466

    10.11 Municipal and Taxable Bonds 470

    10.12 Leasing and Nontraditional Financing Sources 477

    10.13 Developing a Debt and Hedging Policy 479

    10.14 Liability Management in Practice 481

    10.15 Conclusion 484

    11 Cash Management and Banking Relations 489

    11.1 Introduction 489

    11.2 What Is Cash Management? 492

    11.3 Collection Systems: Managing and Accelerating Receipt of Funds 501

    11.4 Disbursements 507

    11.5 Structuring a Funds Management System 509

    11.6 Monitoring Bank Balances and Transactions 509

    11.7 Cash Forecasting 511

    11.8 Short-Term Borrowing 512

    11.9 Short-Term Investing 513

    11.10 Benchmarking Treasury Functions 517

    11.11 Upgrading the Caliber of Treasury Professionals 518

    11.12 Security and Risk Management Issues 521

    11.13 Trends in Treasury Management 522

    12 Investment Policy and Guidelines 533

    12.1 Investment Policy 533

    12.2 Investment Guidelines 538

    12.3 Checklist of Elements for Long-Term/Endowment Investment Policy and Guidelines 548

    12.4 Investment Committee 550

    12.5 Trends in Investment Management 551

    12.6 Investment Policy Summary 553

    13 Information Technology and Knowledge Management 587

    13.1 Introduction 587

    13.2 How Much Technology and Which to Choose? 591

    13.3 Knowledge Management and Information Technology 596

    13.4 Information Technology in Today's Nonprofits 597

    13.5 What Should I Know/Do Before Investing in Technology Tools? 602

    13.6 Software: Design Internally or Purchase? 604

    13.7 Disclosure, the Law, and Security 604

    13.8 Needs Assessment and Analysis 609

    13.9 Policies and Practices in Knowledge Management and Information Technology 613

    Notes 617

    14 Managing Risk, Legal Issues, and Human Resources 629

    14.1 What Is Risk Management? 629

    14.2 Identifying Risk 635

    14.3 Primary Financial Risk: Illiquidity 636

    14.4 Legal Environment 637

    14.5 Safeguarding People 639

    14.6 Directors' and Officers' Liability 647

    14.7 Safeguarding Your Financial and Physical Assets 649

    14.8 Risk Management and Human Resource Management

    15 Evaluating Your Policies and Progress 671

    15.1 Introduction 671

    15.2 Evaluation 673

    15.3 Evaluating Your Decisions and Ethics 673

    15.4 Evaluating Your Communications 679

    15.5 Evaluating Your Mentoring and Supervisory Skills 683

    15.6 Testing Your Supervisory and Managerial Skills 684

    15.7 Evaluating the Strategic Nature of Your Role 684

    15.8 Evaluating the Financial Health of Your Organization 689

    15.9 Evaluating Your Financial Policies in Six Key Areas 691

    15.10 Evaluating Quality and Outcomes 705

    15.11 Using External Consultants and Data Sources 706

    15.12 Conclusion 706

    Notes 707

    Index 711