HCS 577 November 3‚ 2013 Sharon Gomes-Sanders Financial Environments Worksheet For-Profit Not-for-Profit Government Examples 1. Largo Medical Center 2. Memorial Hospital 3. Blake Medical Center 1. National Jewish Health 2. Mayo Clinic 3. Sutter Health 1. Veteran Affairs 2. Department of Defense 3. City Health Department Similarities Expenses must be accurate and verifiable. Organizations must generate revenue to pay for expenses and daily operations. All three entities
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The last topic discusses what the needs are to secure the long-term survival for any non-profit organization‚ in this case for the Crohn’s and Colitis Foundation of America. The most important tool needed for the CCFA in order to survive is finance. Finances help fund critical research for improving treatment and finding cures for all inflammatory bowel diseases. It also helps sustain support programs for those who are struggling with the physical and emotional toll of living with Crohn’s disease
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Performance measurement/incentive system: Canadian REd Cross Executive Summary: (CRCS) is the one of the largest charity organization and 2nd largest brand in the world. Its mission to improve the lives of vulnerable people by mobilizing the power of humanity in Canada and around the world. Its vision is to lead the organization through which people voluntarily demonstrate their caring for others in need. In this report I will perform a review of the internal performance measurement
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Governmental and Nonprofit Accounting Nicole Tanner March 2‚ 2012 1-2. Five environmental differences between governments and for-profit business enterprises. 1. Organizational purposes – Commercial is to generate profit for its owners and government is for the well being of citizens. 2. Sources of Revenue – Business generate its income from sales. Government derives its income from taxes. 3. Potential for Longevity – Government rarely go out of business and Business longevity is
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DE 11 PROJECT CLUBS MARKS: 48 The project forms part of the CASS for the year and will be completed during term 2 of the year. You may complete the project in groups of no more than two. You are the bookkeeper/treasurer of the Western Cape Soccer Club. The club has 260 members that pay a range of membership fees from juniors who pay R100 per annum to adults who pay R250 per annum. The club also charges an entrance fee for all new members of R200 for juniors and R400 for adults.
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Executive Summary Not-For-Profit organizations are fundamentally different than for-profit‚ private sector businesses in that they do not have shareholders‚ their mission statements are focused on furthering a cause rather than just increasing profitability and most Not-For-Profits earn the majority of their revenue through donor contributions. As a result‚ Not-For-Profit Organizations operate under different reporting requirements than for-profit businesses. In order to provide proper
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understanding of the non-profit sector‚ its challenges‚ and the role it plays in society. This secondary data has been collected by researchers‚ experts on the non-profit sector‚ and the non-profit institutions themselves. The data collected will originate from a variety of sources. Thus far‚ it would appear that data will be collected from official statistics and technical reports published by the non-profit sector for marketing or other purposes. Also‚ scholarly journals and non-profit trade publications
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beneficial they were to the communities. The financial accounting standards board is much like the GASB until you take a closer look at its agenda and who actual utilizes the reports. The Financial Accounting Standards Board is for not for profit businesses which has the same financial reporting standards of proving dollars spent and why except for the fact that
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the Sarbanes-Oxley Bill influenced reporting by governmental agencies and not-for-profit organizations? Does the Public Company Accounting Oversight Board have authority to establish auditing standards for not-for-profits? What specific steps might governmental agencies or not-for-profits take to comply with the requirements of the Sarbanes-Oxley Bill? 1. Reporting for governmental agencies and not-for profits has become more detailed including management representations related to the fairness
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individuals. o Most of organizational activities become complex because of the advancement in technology therefore teamwork is a major focus of many organizations. o There was a research of Plaff and Huddleston in 2003 indicated that teamwork is necessary for all types of organizations including non-profit organizations. o The organizations which focus on teams have results in increased employee performance‚ productivity and better problem solving at work. o Self-management team and interpersonal
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