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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management to record‚ plan and control activities to aid decision-making process | Accounting process | Follows a full process of recording‚ classifying‚ and summarising for the purpose of analysis and interpretation of the financial information | Cost accounts are not preserved under Management Accounting but analyses necessary data from financial statements and cost ledgers. | Legal/rules | Drafted according to GAAP - General Accepted Accounting Procedure. | Drafted according to management suitability
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Daylight savings time‚ it happens two times a year‚ causing a multitude of occurrence‚ some of these being good‚ while some are not so good. However‚ it has been a hot topic for debate recently. To keep daylight savings time‚ or to kick it to the curb is the question many congressmen are asking themselves. Keeping daylight savings time allows the people of the United States to continue with years of tradition implemented during war time that has been a part of their daily lives ever since which is
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studies Assignment Fa-1 Power sharing in India TYPES OF POWER SHARING IN INDIA India mainly has two types of power sharing: 1) Among various organs of the government. The various organs of the government: * Legislature * Executive * Judiciary * It is known as the horizontal distribution because all the three organs are placed at the same level. They all have equal importance in the governance of the country. * The power sharing is based on the system of checks
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Sensory loss Sensory loss takes place when a person’s sight or hearing becomes impaired. For some people who have been born with a hearing or sight impairment the term “loss” is inappropriate. However many people who have spent their lives hearing or seeing and will experience a sense of loss if these abilities are affected. Very few people are totally deaf or completely blind so design for sensory loss should be about supporting remaining ability as well as compensating by using other senses. There
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Daylight-Saving Time has been a controversial issue for the United States since it was adopted in 1966 (“Extra!: Daylight-Saving Time”). From the beginning Congress has had difficulties with the length‚ start date‚ and time of year that Daylight-Saving Time occurs. Though Congress has had problems with Daylight-Saving Time both now and in the past it is still hard to determine whether Daylight-Savings is for the greater good of the country or if it is an unneeded hassle. By examining the effects
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Question1. Describe the concept of vision in an organisation with example. How is it different from mission statement ? A vision statement is a vivid idealized description of a desired outcome that inspires‚ energizes and helps you create a mental picture of your target. It could be a vision of a part of your life‚ or the outcome of a project or goal. Vision statements are often confused with mission statements‚ but they serve complementary purposes. Examples of vision statement The nature
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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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A Loss of Individualism? Many schools in America today are depriving children and young adults of individual growth because they have restricted the literature discussed to topics based on the surrounding or minority cultures‚ and have also begun teaching expected behavior based on the ideas of a certain culture. Students need role models and variety‚ when learning‚ to enhance their knowledge and grow their imaginations. If students are encouraged to only read accepted books or act a specific way
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STRATHMORE UNIVERSITY SCHOOL OF FINANCE AND APPLIED ECONOMICS BSF 1101 ACCOUNTING AND REPORTING 1/INTRODUCTION TO ACCOUNTING 9. NOT FOR PROFIT MAKING ORGANIZATIONS 9.1 Introduction These are organizations that are set up to promote or to cater for the welfare of the members involved and not to make a profit. These include clubs‚ (e.g. professional clubs‚ academic clubs‚ sports clubs)‚ welfare associations and any other societies (charitable institutions). Because these organizations are
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