Explain how performance might be measured in Non-profit making Organisations. 1b. Explain the objective of the value for money and his application to a Non-profit making Organisation.
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Explain how performance might be measured in Non-profit making Organisations.
1b. Explain the objective of the value for money and his application to a Non-profit making Organisation.
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- If we "measure what matters" in a not-for-profit, what activities could they be measuring that are different than the for-profit organization? 1-2 paragrahsWhat is the major source revenue in non profit organization? Select one: a. Membership fees b. Sales goods c. Goods service d. All the other pointsWhat is the difference between a balance sheet of a non profit organization and a for - profit business ?
- why do managers of governmental and not for non profit organizations need to understand financial information as much as profit seeking organizationDefine Legacy. Explain its treatment while preparing financial statements of a “Not– for –profit Organisation”.If we "measure what matters" in a not-for-profit, what activities could they be measuring that are different than the for-profit organization?
- Is there a difference between a balance sheet of a profit organization with a non-profit organization?Maximizing the profit of the concern comes under ____________objective of financial management a. Operational Objectives b. Social Objectives c. Basic objectives d. Research ObjectivesHow does using the accounting support fee to fund the FASB create more independence than using donations?
- Please explain briefly. Thank you. Define the term “social capital.” Discuss the concept of social capital as it relates to the purpose and the importance of the nonprofit sector.Which of the following statements is/are true? i. Information is the raw material for data processing. ii. External sources of information include an organization's financial accounting records. III. The main objective of a non-profit making organization is usually to provide goods and services. I and III only I, II, and III II and III only III onlyQuestion One Management accounting in profit seeking organizations may be different from that which could apply in non-profit seeking organisations. Required: -Contrast the main features of non-profit-seeking organizations with one that is profitseeking which makes management accounting in this environment different. - Discuss how management accountant may respond to the challenge of providing appropriate information in a non-profit-seeking organization.