Chapter 18, Problem 7DYS

Please outline key financial controls for an NGO and why they are important

Please help with explaining how I can answer the following if I chose the role of an investor:   choose the role of an investor, creditor, taxpayer, or benefactor of one of the organizations they have presented. Referring to the information provided by your classmates related to the informational needs of the user group you have chosen, state whether the objectives of financial reporting they have listed meet your needs, whether any additional information is needed by your user group, and why this information would be beneficial to the financial decisions you would need to make. Are there any additional objectives that should be listed for your user group, if so what are they? How do your needs differ from the other user groups? The information is below: For both our initial discussion and my final project, GEB will be the nonprofit (NFP) organization I study along with Peekskill, NY as the local government. Both are in neighboring towns to my home base. Home Depot will be the…

Please ASAP. Please give a brief explanation. Thank you. Define and discuss the concept of the double bottom line as it relates to management of nonprofit organizations. Should the success of nonprofit leaders be measured by both bottom lines?

Please answer all 2 subparts. Question 1 (i) The objective of the Financial Reporting Council is to: A. Enhance the credibility of financial reporting; and improve the quality of accountancy and audit services. B. Be the voice of directors, through training and certification programmes, workshops and networking events, advocacy, research and thought leadership.C. Promote public awareness about corporate governance principles and practices.D. Act as the national coordinating body responsible for all matters pertaining to corporate governance (ii) A control environment :A. Describes the awareness of (and attitude to) internal controls in the organisation.B. Describes the system or procedures for identifying the risks facing the company C. Describes how controls should be devised and implemented to eliminate, reduce or control risksD. Describes the system of information provision and communication within the organisation

The private sector organization involved in developing accounting principles is the Financial Auditors' Standards Body. Feasible Accounting Standards Body. Financial Accounting Standards Board. O Financial Accounting Studies Board.

Financial reporting depends on the needs of external users of the information reported. Who are the users of government and nonprofit financial reports? Also, identify at least one difference between the needs of each of these user types and the needs of stockholders in business entities.

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 only

What is involved in the legal requirements of financial governance? Select an answer: having a process in place for internal and external auditing of financial records collecting, managing, monitoring, and controlling financial information holding accountants legally responsible for the accuracy of financial reports

How do you distinguish between Financial Reporting for GAAP, and full Disclosure. What is Management Discussion and Analysis. Access a public company annual report and analyze its MD&A section and how it helps the investors in their decision making process.