Streetsmart Financial Basics for Nonprofit Managers / Edition 3

Streetsmart Financial Basics for Nonprofit Managers / Edition 3

4.0 3
by Thomas A. McLaughlin, Mclaughlin
     
 

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ISBN-10: 0470414995

ISBN-13: 9780470414996

Pub. Date: 04/06/2009

Publisher: Wiley

Explains, in plain English, how to use financial information to effectively run nonprofit organizations. Concentrates on how to read, interpret and use financial data from bookkeepers and accountants to make management decisions that ensure the ongoing financial future of your organization. The book is organized into four distinct parts--analysis, accounting,

Overview

Explains, in plain English, how to use financial information to effectively run nonprofit organizations. Concentrates on how to read, interpret and use financial data from bookkeepers and accountants to make management decisions that ensure the ongoing financial future of your organization. The book is organized into four distinct parts--analysis, accounting, operations and control--and features more than 50 easy-to-read charts, tables, checklists and instructive sidebars. Includes a diskette with handy financial templates to copy, modify and use.

Product Details

ISBN-13:
9780470414996
Publisher:
Wiley
Publication date:
04/06/2009
Edition description:
Older Edition
Pages:
304
Sales rank:
383,833
Product dimensions:
5.90(w) x 8.90(h) x 0.90(d)

Table of Contents

Part 1Analysis1
Chapter 1Organizational Structure: Programs and Corporations3
Types of Nonprofit Organizations3
Structure of Nonprofit Organizations8
Loss of Tax-Exempt Status, or the Monster Within12
Chapter 2Mission: Managing Your Two Bottom Lines19
The Role of a Value System20
The Nonprofit's Dilemma and How to Solve It21
Chapter 3Accounting as a Second Language--a Nine-Point Program25
The Entity Principle25
Money Measurement26
Conservatism Principle26
The Cost Concept27
The Materiality Principle29
Ongoing Concern30
Dual Aspect31
Realization Principle33
Matching Principle34
Chapter 4Balance Sheets: How They Get That Way35
Current Assets36
Noncurrent Assets38
Current Liabilities39
Noncurrent Liabilities40
Making the Balance Sheet Dance42
Chapter 5Financial Analysis: A Few Diagnostic Tools49
Financial Statement Analysis for Math Phobics50
Current Ratio55
Days' Cash57
Days' Receivables58
Cash Flow to Total Debt60
Debt to Net Assets61
Total Margin63
Operating Margin64
Accounting Age of Plant/Equipment65
A Footnote66
Part 2Accounting67
Chapter 6Nonprofit Accounting: Acknowledging the Strings Attached69
The New Fund Categories70
Other Provisions71
What It All Means71
Chapter 7Cost Accounting: How Much Does It Cost?77
A Form of Management Accounting78
Indirect Costs80
Certain Support Costs Get Assigned to Other Support Costs80
Breakeven Analysis--Another Use for Cost Data84
Cost Accounting versus Cost Reporting86
Chapter 8Auditing: Choosing and Using an Auditor89
Audit, Review, and Compilation91
The Auditor Market93
Getting Value from the Audit96
Conclusion98
Part 3Operations99
Chapter 9Cash Flow Management: Why Cash Is King101
Up the Balance Sheet102
How Much Cash Is Enough?111
Conclusion116
Chapter 10Capital: Why Capital Is Not a Four-Letter Word117
The Mechanics of Capital Financing118
The Present Value of Money122
Sources of Capital123
The Great Divide among Nonprofits125
Future Access to Capital Markets126
The Role of Net Assets128
Strategic Capital Management128
Chapter 11Budgeting: Taming the Budget Beast129
Playing Revenues Like a Symphony130
Expenses132
Indirect (General and Administrative) Costs141
Conclusion143
Chapter 12Indirect Costs and Other Despised Items145
Still, It's Low That Counts146
Secret of the Indirect Cost Game148
Chapter 13Pricing: How Much Should It Cost?153
Pricing Methodologies156
Going the Other Way--Contractual Adjustments and Subsidies160
Pricing Strategies161
How to Price162
Chapter 14Profit: Why and How Much?165
Profit Defined165
Uses of Profit166
Profit--How to Get It174
What Can Be Done175
Chapter 15To Raise More Money, Think Cows177
Donations178
Bequests--Cow to Charity178
Charitable Remainder Trusts--Milk to Beneficiaries, Cow to Charity178
Pooled Income Funds--Donors Put Their Cows in a Herd, Keep Rights to Milk180
Part 4Control183
Chapter 16Insurance: The Maddeningly Complicated Art of Covering Your Assets185
To Insure to Self-Insure?187
Risk Management188
Chapter 17Internal Controls for External Goals191
The Elements of Internal Control192
How to Monitor the System203
Maintaining the System206
Conclusion207
Chapter 18Management Controls: Toward Accountability for Performance209
Management Controls Circa 1980209
Beyond Management Controls in the Twenty-First Century: How to Do It210
Messages211
How to Prepare--Strategic Business System Positioning213
Appendix AYouth Haven: Audited Financial Statements217
Appendix BUsing the CD-ROM227
Index235

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Streetsmart Financial Basics for Nonprofit Managers 4 out of 5 based on 0 ratings. 3 reviews.
Anonymous More than 1 year ago
I am currently using this book for a class called "Issues in Nonprofit Management." This book does not read like an average textbook, which at first threw me off. The author may use casual language, but to truly understand the lessons of each chapter, I suggest either reading it twice or creating a detailed outline. After that, understanding and applying the lessons is easy!
Anonymous More than 1 year ago
Anonymous More than 1 year ago