Nonprofit Ethics

Accounting is the methodical and full recording of financial transactions relating to a business, and it also denotes to the procedure of briefing, examining and evaluating these transactions to cross checking agencies and tax collection agencies. Accounting is one of the key purposes for nearly any company. It may be done by an auditor and accountant at small businesses or by substantial finance subdivisions with lots of employee’s at

Corporate governance is a set of actions used to handle the relationship between stakeholders by determining and controlling the strategic direction and performance of the organization. Corporate governance major concern is making sure that the strategic decisions are effective and that it paves the way towards strategic competitiveness. (Hitt, Ireland, Hoskisson, 2017, p. 310). In today’s corporation, the primary objective of corporate governance is to align top-level manager’s and stakeholders interest. That is why corporate governance is involved when there is a conflict of interest between with the owners, managers, and members of the board of directors (Hitt, Ireland, Hoskisson, 2017, p. 310-311).

This essay deals with the unethical prevalence of excessive compensation packages granted to nonprofit hospital executives. Nonprofits are highly complex organizations and are vital to the community’s in which they serves. Therefore, it is essential for these organizations to appoint highly motivated individuals knowledgeable of the healthcare industry and capable of managing and leading a hospital during a national recession while health reform is changing the culture of the US healthcare system.

Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions. These activities include computing costs and efficiency gains from new technologies, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial

I agree with you that nonprofit organztion have the right to refuse to teach something. I think that children are going to get the knowledge about the world from their friends and the streets. I think that it is our jobs after the parents to educate them on the important of the basis of health life. I think that the girls should be educating on all things health so they can go into adult with the knowledge. I think it is our job to show what is out there so they can be educate on the basis so when the decide is brought up , they will be full

I agree with your take on the laws that have been implemented. The Sox law is now affecting more than just publicly traded companies. Private companies adopt SOX provisions either as “best business practice” or because they were hoping to go public or have hopes of being bought by a public company (Before and after Sarbanes-Oxley, 2010). These companies now have to think ahead and make sure they have their internal controls in place. These types of laws have also passed over onto some non-profits. “In 2004 California's legislature passed SB 1262, the Nonprofit Integrity Act, which requires nonprofits with more than $2 million in revenue, chartered or doing business in the state, to have an annual audit and an independent audit committee on

Major gift requires that the staff meets several times, this way the leader may delegate tasks, equally, the manager keeps track of assignment, training and volunteers. It is recommended that the executive director and managers from different departments develop skills to feel comfortable asking for donations. Overall, the agency’s personnel should be trained as fundraisers, thus they can help to raise contributions. Staff should be prepared to contact and solicit sponsors. It is an effective strategy to personally contact sponsors. Hight level of sponsorships is considered after the agency has grown a relationship (Weinstein, 2009).

The legal research guide provides (1) an overview of the topic of American Nonprofit Law; 2) guidance to the researcher major and secondary sources on Nonprofit Law including statutes, cases, articles, books, government documents, and Internet sites; and 3) annotations to determine the usefulness of the resources for particular issues. This guide is not intended to be comprehensive. Nonprofit Law has been subject to a voluminous amount of scholarly and practical treatment. Also, issues in Nonprofit Law are related or discussed in many other legal areas – including taxation, wills and trusts, and general corporation law.

Problem: A big issues with Nonprofit organizations is that they have to continually keep their relevance. They also face ethical issues such as unethical commissions. a. Employees: They may not be able to get paid because of the company may not be getting enough money to pay them. Recieving commision in a non profit organization is unethical which may result in the firing of those employees. Employees may also recieve certain incentives like a travel budget that can seem unethical.

19. The accounting assumption that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the:

It is egregious that journalists are finding many nonprofit businesses and religious organizations are doing things that are unethical. Journalists are finding that problems such as, child abuse by catholic priests, financial church funds, and the funneling of money to Islamic tourists through charities are becoming more prevalent. Many nonprofits operate just like for profit business in the United States. They make huge profits, pay large salaries, build office towers, invest billions of dollars in stock and bonds, employ lobbyists and use political action committees to influence legislation. It seems that these nonprofit businesses and religious organizations that are supposed to be helping the community are just using the power of their organization to benefit them instead of using it for what it is intended to be used for.

This memo is to discuss commonalities and differences among two scholarly articles relating to the field of public relations, found in the Journal of Public Relations Society of America. The purpose is to inform those in the communication field, moreover; those with a concentration in public relations to the use of language, format, and target audience of presentation in current research studies. The following articles Corporate Social Responsibility and the Nonprofit Sector: Assessing the Thoughts and Practices Across Three Nonprofit Subsectors, written by Richard D. Waters, Ph.D. and Holly K. Ott, M.S. and Examining Modern Media Relations: An Exploratory Study of the Effect of Twitter on the Public Relations – Journalist Relationship by Drew Wilson, MA and Dustin W. Supa, Ph.D, showcase the current practice in presentation that will be beneficial in this field.

Accounting is the language of business. It is a profession that is being guided by principles, concepts, conventions, laws, etc. All these fundamental building blocks serve as common and general compasses to all practitioners of the profession. In some cases, they are nation-wide tailored, while in other cases, they are universally tailored. Accounting as a living, practical, dynamic and realistic profession covers so many areas of social, economic (business), and governmental activities. Surely, any endeavour that involves monetary and material activities create a room for the services of Accounting. Many of the human endeavours for which the accounting profession plays significant (some times inevitable) roles include; Banking, Insurance, Manufacturing, Farming Contracting, Oil and Gas, Mining, Transportation (Air, Land and Sea), Educational Institutions, Churches, Ministries, ICT, Hire Purchase, Local Government Authorities, Estate Businesses, Export and Import Businesses, Bill of Exchange Transactions, Royalties Transactions, Consignment Transactions, Stock Market Transactions, Sports, Entertainment, Hospitals and Hospitality Industry, etc.

Accounting can be defined in a number of ways, but I chose the book definition, which is; Accounting is an information system that provides reports to stakeholders about the economic activities and condition of business. The person in charge of accounting is called the accountant. The accountant is typically required to follow a set of rules and regulations. These rules and regulations are called the General Accepted Accounting Principles. Throughout these next few paragraphs, I will be giving you the history and evolution of accounting, and I will be explaining who the stakeholders are and what type of information they require, and I will be explaining the role of accounting in business. There will be many examples and type of business

Accounting is the major means of organizing and summarizing information about economic activities. The information which is provided by the accounting practices through financial statement analysis, provides help to decision makers to take decision. There are various forms of Accounting models which is of great help example if the financial statements for an organization is made statements like Balance Sheet, Profit and loss Account etc it helps the organization out to makes its stand in the market