Nonprofit Financial Management

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.

A timely, practical, and concise handbook of best practices fornonprofit financial managementIn 2010 an estimated 325,000 charities, membership groups, andtrade associations?with small nonprofits disproportionatelyrepresented?stand to lose their tax exemptions for failure tocomply with financial management requirements. Nonprofit FinancialManagement: A Practical Guide is a timely, functional, and concisehandbook of best practices for nonprofit organizations of everysize.* Addresses federal reporting requirements and discusses methodsto decrease expenses, ensure accounting control, increase revenuesthrough professional cash management, and understand budgetstatements* Explains how to read financial statements and analyze anonprofit's financial condition by using the most recent IRS 990reporting form* Covers the full range of financial-management topics, includingaccounting, internal controls, auditing, evaluating financialcondition, budgeting, cash management and banking, purchasing andcontracting, borrowing and risk managementWritten in an easy-to-read style, with more than 100 exhibitsthis book is essential for every nonprofit financial manager.

Who this Book Is For ixAcknowledgments xiCHAPTER 1 Introduction 1CHAPTER 2 Account for Transactions 9CHAPTER 3 Create the Internal Control System 31CHAPTER 4 Manage the Audit 43CHAPTER 5 Evaluate Financial Condition 77CHAPTER 6 Prepare and Manage the Budget 97CHAPTER 7 Manage Cash Flow 127CHAPTER 8 Purchase Goods 137CHAPTER 9 Contract to Provide a Service 153CHAPTER 10 Manage Capital Assets and the Inventory 159CHAPTER 11 Invest Funds 165CHAPTER 12 Manage Banking Relations 185CHAPTER 13 Borrow Funds 199CHAPTER 14 Manage Risks 205Notes 229Index 237