Practical financial information nonprofit managers need to manage their money and meet their mission
Due to the current economic climate, nonprofit CEOs have no choice but to pay attention to the numbers, possess a greater understanding of financial statements, and be ready to implement and monitor their budgets. Filled with practical information, Not-for-Profit Accounting for Non-Accountants helps nonprofit managers better understand accounting in their organization and utilize these tools to enhance financial performance.
Page by page it, offers an overview of the benefits of understanding financial information, explores the pros and cons of the major not-for-profit classifications, suggests how to select the right CPA firm for your nonprofit, and much more.
- Provides plain English explanations for the balance sheet, an income statement, depreciation, amortization, and a balanced scorecard
- Includes an analysis of financial statements and examination of how to prepare a budget
- Provides an outline of fraud detection and the tax issues affecting not-for-profits
- Features an accompanying website with essential tools and resources
Written by two long-time CPAs, this unique guide presents easy-to-use checklists and real world examples for today's nonprofit managers.