Non-Profit Issues in Financial Management - 91161

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Non-profit entities pursue a fundamentally different mission than their for-profit relatives, which is characterized as a providing a socially beneficial service to society. There are no shareholders and any surplus in funding must be reinvested into the organization’s core mission. Despite these traits, it is still crucial for non-profits to maintain highly controlled accounting policies and ensure that safe financial management policies are followed at all times. The following essay will compare and contrast the effects of the following topics on nonprofit organizations: ethics, capital budgeting, strategic planning, financial ratios, EFN, and cash flow statements. As an example, the American Society for the Prevention of Cruelty to Animals (ASPCA) will be used to demonstrate the importance of financial topics for a well-known non-profit organization.
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