In the nonprofit sector, money drives mission. Well-managed budgets and investments can spur long-term growth and achievement, while financial mismanagement can damage and even destroy organizations. Weikart, Chen, and Sermier—in their exciting new text geared wholly to nonprofits—provide the financial tools nonprofit managers need to thrive in pursuit of mission success.
Given the wide array of nonprofit managers′ backgrounds, and recognizing that there is often an inherent fear of ‘the financials, ‘ the authors explain financial concepts without leaning unnecessarily on intimidating jargon. The result is a practical, accessible resource the prepares the next generation of nonprofit managers in financial planning and analysis as well as conventional and entrepreneurial financial management.
Grounded in real-world cases and offering plenty of opportunity for application and practice,
Budgeting and Financial Management for Nonprofit Organizations helps readers develop a stable fiscal foundation and sound financial strategies for their organizations to prosper in times of economic expansion and contraction.
Зміст
About the Authors
Preface
I. INTRODUCTION
1. An Introduction to Nonprofits: Mission and Money
II. PLANNING AND BUDGETING
2. Budgeting as Part of the Planning Process
3. Liquidity and Managing Cash Flow
4. Analyzing Costs
III. FINANCIAL ANALYSIS IN NONPROFIT ORGANIZATIONS
5. Principles of Accounting and Reporting Requirements
6. Understanding Financial Statements
7. Financial Analysis
8. Financial Tools for Informed Decision Making
IV. FINANCIAL MANAGEMENT
9. Understanding Revenues
10. Performance Measurement in Financial Management
11. Time Value of Money and Cost-Benefit Analysis
12. Capital Budgeting and Financing
13. Investment Strategies
14. Internal Controls
V. NEW DIRECTIONS
15. Adapting to Turbulent Times: Conventional and Entrepreneurial Financial Strategies
Appendixes
Glossary
Index
Про автора
Greg G. Chen is associate professor at Baruch College School of Public Affairs, City University of New York. He was a manager of the budgeting and financial reporting department in the Ministry of Finance, and budget manager and senior policy adviser for the Premier’s Office of British Columbia, Canada, before taking his professorship in the United States. He had previously been an associate dean in the College of WISCO in China. Professor Chen conducts research and publishes papers in the areas of budgeting and financial management for nonprofit organizations and governments, program evaluation and cost-benefit analysis of diverse public programs, and comparisons of the health care systems and finance in Canada, the United States, and China.
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