Non-Profit Organizations Case Study
According to a study conducted by Parks (2009), it was 1900 since the emergence of non-profit organizations have started through the initiation of Arts and Culture Organization as it diversified its status from a profit-based system into a kind of philanthropic organization with tax incentives as the main instigation for the move. Through the years, the industry of non-profit organizations has been vastly engaged in different sectors of the society primarily to serve the general public. According to Peter F. Drucker, the “non-profit” institution neither supplies goods nor services not controls. Its “product” is neither a pair of shoes nor an effective regulation. Its product is a changed human being. The non-profit institutions are human-change …show more content…
A study was conducted by Mary Fischer and Treba Marsh about the accounting treatment for non-profit organizations entitled “Two Accounting Standards Setters: Divergence Continues for Non-Profit Organization”. The study focused on the comparison between the financial statements of non-profit organizations from universities, hospitals, fund-raising organizations and government agencies. This study concluded that there are major differences on how each of the sectors provides their financial statements. According to the study, “The time restriction treatment is the primary cause for some of the more significant reporting and recognition differences” which proves that there will always be difference in the way non-profit organizations provide their accounting …show more content…
They customarily come up with projects that will benefit a certain sector of the society. Likewise, the same goes with the area of the government but the only difference is they were somewhat under the supervision of the state. While in private accounting, the accountants record and analyse financial information of the organization that they work at. And lastly in Academe, accountants share the information that they have gathered throughout college to students who strive to be an accountant in the future.
According to an article by Lisa M. Sontag-Padilla, B. Lynette Staplefoote and Kristy Gonzalez Morganti, “Nonprofits face a myriad of challenges in establishing and maintaining financial sustainability, and these challenges are exacerbated for non-profits serving low-resources, high-need communities.” There have been many differences on how non-profit organizations provide their accounting statements and it has been confusing for the most part especially for those who do not have a background in the line of Accountancy. The line of budget in the non-profit organizations has been a big mystery to most of the
Case Study: United Way Of Regina
156 Words | 1 PagesFounded in 1967, United Way of Regina is dedicated to improving lives and building its community by engaging individuals and mobilizing collective action. The organization funds services and programs dealing with issues related to children, poverty and health in Regina. Its current focus is the promotion of learning and development opportunities for children. United Way of Regina raises funds primarily through the annual Community Campaign, which includes donations from company payrolls, corporations and individuals. It has a call line called 211-Saskatchewan in collaboration with the United Way of Saskatoon and Area to provide information on over 5,000 community, health, and government services in the area.
Business Case Study: Barnardo's
172 Words | 1 PagesBarnardo’s had a group over 1160 employees and over 8500 volunteers who staff and look after Barnardo 's shops. Barnardo’s also has a support team who have to take care of the Fiancé, Gift Aid, Marketing, Recycling, and last but not least Volunteer Recruitment. In Barnardo’s bigger shops, they would have to employ both a a Deputy Branch Retail Manager and a Branch Retail Manager. Customer service is really important for a business like Barnardo’s because as a branch retail manager they are responsible for every little aspect of the running shop. So that would include processing cash and credit truncations, managing the budget, taking weekly stock accounts and gathering sale figures, banking cash, hygiene, safety and compliance with fire
AICPA Legacy Scholarship Essay
839 Words | 4 PagesI can simply answer because I want to be a hero. In my opinion, an auditor is a dark knight that saves the world secretly and silently. An auditor has to commit to do his job professionally as well as ethically. As a matter of fact, there have been many corporate and accounting frauds, such as the WorldCom scandal in 2002 and the Madoff Ponzi scheme in 2008,
HOPE: A Nonprofit Agency Analysis
328 Words | 2 PagesThe structure of HOPE will be a nonprofit agency. Being an extension off of the Louisiana State prison system, HOPE will be categorized as a non-profit agency. Any of HOPE’s remaining income will be put towards achieving our goals of helping inmates reintegrate into society successfully and HOPE’s advocacy for policy change (Hansmann, 1980). HOPE’s main source for funding will be from Federal and State level grants. There are grants that can be accessed through multiple Federal departments (U.S. Department of Justice, 2015).
Human Services And Organizations Chapter 3 Summary
614 Words | 3 PagesBoard members should always monitor their own performance; however, they must also meet governmental standards (Furman & Gibelman, 2013). For example, The National Charities Information Bureau sets standards that charitable organizations must adhere to (Furman & Gibelman, 2013). In addition to meeting standards, organizations should also evaluate the performance of the board and its members. The chapter list six dimensions of board competency: contextual, educational, interpersonal, analytical, political, and strategic. It is important to review the board because some ideas may be outdated.
Voluntary Spirit Model
1022 Words | 5 PagesThe purpose of this paper is to compare and contrast the economic and voluntary spirit models discussed in the article titled, Toward Nonprofit Organization Reform in the Voluntary Spirit: Lessons From the Internet (Brainard & Siplon, 2004). Additionally, analysis will be presented with regard to acquiring and expending resources according to each model, specifically volunteers and charitable donations. Finally, this paper will discuss the correlation between charitable donations and giving within nonprofit organizations and biblical principles. Similarities Between the Economic and Voluntary Spirit Models Several similarities exist between each of the models presented in the article for nonprofit, or income tax exempt, organizations (Worth,
Nonprofit Business Analysis
1463 Words | 6 PagesNo longer satisfied to depend on limited perceptions of aid, or to view businesses as their adversaries, nonprofits have finally discovered methods to work within the economy and support companies to do good deeds as they prosper. Until recently, nonprofits had been paradoxically viewed within our economic sectors of society. Traditionally, these organizations are expected to make an extraordinary impact on their social purpose yet, they are frowned upon when they choose to amplify their shoestring budget to fulfill this charge. It is a “double bottom line,” this requirement for nonprofits to balance between monetary return and social impact (Worth, 2013, p.7). Nonprofits can effectively utilize the strategies discussed by “Making Markets Work” to bring awareness and financial stability to its social purpose.
The Salvation Army: A Case Study
323 Words | 2 PagesGood evening Professor and class. A disaster recovery organization which was established in 1865 by William Booth was the Salvation Army. This nonprofit nongovernmental organization (NGO) was built on the values of servant evangelism by serving the poor, homeless, hungry, and destitute (Salvation Army, 2016). Therefore, from its establishment you can see this organization was geared to serve those impacted by disaster. The Salvation Army’s first disaster in which they offered assist was in 1900 after a category four hurricane ripped through Galveston, TX claiming 6000 – 8000 lives and destroying the coastal community (Salvation Army, 2016).
The Pros And Cons Of For-Profit And Nonprofit Healthcare Organizations
529 Words | 3 PagesOrganizations that operate for-profit healthcare argue that they offer patients more options and flexibility. On the other hand, nonprofits claim to provide a superior patient experience and are more cost-effective. In keeping with their charitable mission and community focus, nonprofit hospitals are often affiliated with a particular religious denomination. For-profit hospitals are either owned by investors or shareholders of a publicly-traded company. For-profit healthcare entities are more likely to prioritize treatments that generate higher profits, such as open-heart surgeries.
Covenant House Case Study
1517 Words | 7 PagesNetting, Kettner, McMurtry, & Thomas (2017) stated how organizations can be redirected to serve the self-interests
Public Assistance Case Study
459 Words | 2 PagesOn 11/4/15 Ms. Brittany Terry and her daughter Lundyn met with CM for an ILP. CM introduce herself as the client temporary CM assigned to her case. Housing: Client 's exit strategy is to move by 2/18/16. Client must maintain employment and submit pay stubs weekly .Client is expected to comply with savings and have saved enough for one month 's rent and security by 12/18/16, Client is to seek for housing and obtain housing by 1/18/16.Client was reminded she must meet with her Housing Specialist Mr. Brown on a bi-weekly basis, comply with all housing requirements and explore all available housing options. Social Service: Client must meet bi-weekly with Case Manager for ILP Review appointments.
Taking A Look At Non-Profit Organizations
770 Words | 4 PagesNon-profit sector is very different from both the public and private sectors. It is a tax-exempt organization or social sector which is mainly formed for the purpose of education, religious, art, animal right or charitable (Hatten, 1997). Popular examples for the non-profit organization are World Wildlife Fund, Do Something, United Nations Children’s Fund (UNICEF), Green Peace and Malaysia Red Crescent Society. The ownership of the non-profit organizations does not belong to anyone, even the founder of organization, which is very different from other form of business.
Ethical Issues In Waste Management
1009 Words | 5 PagesLeading people to invest in them based on false success. Accounting transparency is vital for the success of any organization. It is important for the investors, the customers and the bettering of the
Importance Of Mathematics In Accounting
972 Words | 4 PagesAccounting courses highly depends on mathematics, so a high academic performance in accounting could be related to good mathematical ability and thereby, measured accordingly. Mathematics can be used in all financial duties necessary to keep the company operating. Likewise, accounting involves large sums of money regularly with the use of double entry record keeping. Since an accountant is responsible for maintaining records containing the business transactions, one must possess a working knowledge of bookkeeping which requires both basic and advanced math. In the public sector, an accountant must know how to perform tax procedures.
Self Reflection In Financial Management
1051 Words | 5 Pages Legal requirement There is often a statutory obligation to keep and publish accounts and donor agencies almost always require audited accounts as a condition of grant aid. Future planning Although financial accounting information is historical (i.e. happened in the past), it will help managers to plan for the future and understand more about the operations of the NGO (Lewis, T. 2013. Mango’s Handbook for NGOs: page
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