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Informationen zum Autor EDWARD MCMILLAN is a Certified Public Accountant and Certified Association Executive, and is a nationally recognized speaker on not-for-profit financial and management topics since 1992 for the United States Chamber of Commerce, the American Society of Association Executives, the American Institute of Certified Public Accountants, the American Chamber of Commerce Executives and the Destination Marketing Association International. He has written six books, including five for Wiley, as well as Guide to Fringe Benefits for Not-for-Profit Organizations , Complying with SFAS #116 and #117 , and The Audit: A Novel . He is also the author of numerous articles appearing in such publications as Association Management , Leadership , and Dollars and Cents . Klappentext Budgeting Made Easy for Today's Nonprofit With more and more nonprofit employees responsible for the creation and management of the annual budget, it's clear that budgets must be well designed and easy to implement in order to accommodate the trend toward decentralizing decision-making powers in nonprofit organizations. Continuous budgeting, as explained in Not-for-Profit Budgeting and Financial Management, Fourth Edition offers a system that is not only easy to use and monitor, but also ensures true fiscal accountability in the complex nonprofit arena. This handy guide explains how to separate controllable, semi-controllable, and fixed expenses; take corrective actions during the year to offset budget shortfalls; define the roles of the CEO, CFO, the staff, and volunteer leaders; establish expense reduction plans before they are needed; and prepare and present such top-notch budget documents that budgets will be approved the first time. Written in a nontechnical, understandable, how-to language and format, the Fourth Edition incorporates dozens of relevant forms and documents and covers: All new material on footnoting the statement of activity How to present cash prepared and accrual statements on the same page The importance of the executive summary How nonprofits can work toward liberating themselves from the year-to-year scramble for increasingly scarce resources Instead of being controlled by outdated, cumbersome, and inaccurate budgeting processes, nonprofit managers need to be able to effectively direct and responsibly control their resource allocation. Not-for-Profit Budgeting and Financial Management, Fourth Edition helps them get the job done and done right, with its powerful system of continuous budgeting, enabling not-for-profit professionals to meet their organization's needs by creating and managing reasonable financial plans-that work! Zusammenfassung Take control of your organization's short- and long-term financial plan Now fully revised! Not-for-Profit Budgeting and Financial Management! Second Edition! offers a financial planning system that is not only easy to use and monitor! but also ensures true fiscal accountability in the complex not-for-profit arena. Inhaltsverzeichnis Preface xiii Disclaimer xv Chapter 1 Budgeting and Financial Operation 1 Chapter 2 Cash vs. Accrual Accounting 13 Chapter 3 Basic Accounting and Financial Operations 45 Chapter 4 Effective Use of Footnotes and Financial Ratio Calculations for the Statement of Financial Position 51 Chapter 5 Controllable and Uncontrollable Expenses 57 Chapter 6 Controllable, Semi-Controllable, and Fixed Expenses 61 Chapter 7 Noncash Expenses 65 Chapter 8 Effective Footnotes for the Statement of Activity 69 Chapter 9 Natural and Functional Statements of Activity 77 Chapter 10 Internal Financial Statements 81 Chapter 11 Converting Accrual-Method Financial Statements to Cash-Method Financial Statements 89
