NOT-FOR-PROFIT ORGANISATIONS 13 2 Not-for-profit organisations Key points Many not-for-profit organisations (NFPs) feel they are poorly understood by government and the general public. Pressures to be more efficient have seen overhead spending reduced at considerable detriment to effectiveness and improved resource allocation over time (allocative efficiency). The sector is diverse‚ but NFPs display some common behavioural patterns: – Whereas the behaviour of for-profit business is driven mostly
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to anybody‚ from a small group of elementary school-aged students to a larger group of activists in a political movement‚ group mind and its effects on society have become a very significant topic among academic scholars. Writer Doris Lessing points out the negative effects that group mind can have on our society. Jonah Lehrer also indicates that group mind and power can be damaging to our community. Furthermore‚ David Brooks argues that group mind can be detrimental to the way people view just authority
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QUESTION : ACCORDING TO MAX WEBER‚ LEGAL-RATIONAL AUTHORITY IS THE MOST RATIONAL TYPE OF AUTHORITY.DO YOU AGREE WITH THIS STATEMENT? GIVE REASONS FOR YOUR ANSWER. In every society‚ whether pre-modern or modern‚ there has been a hierarchy of command of which everyone must adhere to. In order for this system to operate‚ there must be someone in charge. Since every human being is found in a group or an organization which may be a country‚ tribe‚ institution or a family‚ it is obvious that the
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University of Central Punjab * Assignment: Income tax return filling * Presented to: Prof Imran Shehzad * Presented by: Sami Elahi * Registration number: L1F11MCOM2077 * Date: 12-01-2013 Question (Case study) Tax year 2013 Mr. Sami is employee of a private company with following emoluments’. * Basic salary 60‚000 PM * Medical allowance 8‚000 PM * House rent allowance
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Government and Not-For-Profit Environment TRUE/FALSE (CHAPTER 1) 1. F The main objective of a typical governmental or not-for-profit entity is to earn a profit. 2. TA government’s budget may be backed by the force of law. 3. FGovernmental entities have no need for an accounting system. 4. TA government’s internal managers rely on general purpose financial statements for a considerable amount of information about their government. 5. FGovernments and not-for-profits may never engage
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Income-tax Act‚ 1961 | No. | Title | Section - 001 | Short title‚ extent and commencement | | Section - 002 Part A | Definitions [Clause (1) to Clause (15)] - "Advance Tax" to "Charitable Purpose" | | Section - 002 Part B | Definitions [Clause (15A) to Clause (30)] - "Chief Commissioner" to "Non-resident" | | Section - 002 Part C | Definitions [Clause (31) to Clause (48)] - "Person" to "Zero Coupon Bond" | | Section - 003 | Previous year defined | | Section - 004
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Patricia Hawke We all know how important it is not to miss class. Missing one class in junior high or high school can create hardships for the students in future classes‚ as depending on what was taught that day could really make a student fall behind if they missed the information. At most schools‚ there is no limit to the amount of days you can miss in a semester‚ as long as you make up the work from when you are absent‚ and pass your tests‚ you will pass the course. Missing school days
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BACKGROUND OF LANGKAWI DEVELOPMENT AUTHORITY (LADA) Langkawi Development Authority (LADA) was established by the federal government to plan‚ promote and implement development on the island of Langkawi. LADA was officially established on March 15‚ 1990 under the Langkawi Development Authority Act 1990 (Act 423) and placed under the authority of the Ministry of Finance. 80% of the population involved in tourism activities. Less than 30% of the Island is developed. Hotels‚ motels‚ chalets‚
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As per the Income Tax Act‚ 1961 where a person dies‚ his legal representatives shall be liable to pay any sum which the deceased would have been liable to pay if he had not died‚ in the similar manner and to the same extent as the deceased. As per section 159 of the Income Tax Act‚ 1961 (Act)‚ even when a person dies‚ the assessment of his income is to be done upto the time of his death. So‚ the legal representative of the deceased has to file the income tax return for the income on which the deceased
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Governmental activities journal and depreciation on the capital assets should be recorded. Enterprise fund but no depreciation on the capital assets should be recorded. 5. A major governmental fund is one that has one or more elements (e.g.‚ assets‚ liabilities‚ revenues‚ or expenditures) that is at least: (Points : 10) Five
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