Ebook Free Financial Management for Nonprofit Organizations: Policies and Practices, by John Zietlow, Jo Ann Hankin, Alan G. Seidner
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Financial Management for Nonprofit Organizations: Policies and Practices, by John Zietlow, Jo Ann Hankin, Alan G. Seidner
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Indispensable for all types and sizes of nonprofit organizations, this important book imparts a clear sense of the technical expertise and proficiency needed as a nonprofit financial officer and includes real-world case studies, checklists, tables, and sample policies to clarify and explain financial concepts.
- Sales Rank: #418679 in eBooks
- Published on: 2011-02-15
- Released on: 2011-02-15
- Format: Kindle eBook
Review
"This book is written from a corporate finance perspective - with a specific focus on cash management. In addition to content on core financial management processes, there are also chapters on managing mission and strategy; structure, accountability, and ethics; and information technology and knowledge management. This text is well organized. Each chapter begins with a detailed table of contents; there is also an extensive index and a few glossaries defining key technical terms. In conclusion, it is a thorough, well-organized guide to nonprofit finance." (Journal of Administration in Social Work, Vol 34, Issue 1)
From the Inside Flap
There are many titles used to identify those persons responsible for the financial management of a nonprofit organization, including director of finance, chief financial officer, treasurer, controller, chief accountant, director of operations, business administrator, and financial secretary. While the title of the position varies from organization to organization, the responsibility involved does not, requiring knowledge, skill, and the ability to balance a realization of the nonprofit's mission in tandem with effective management of the organization's funds.
Written in the light of increased scrutiny and accountability of nonprofits, Financial Management for Nonprofit Organizations: Policies and Practices effectively weaves legal and ethical considerations into a comprehensive treatment of nonprofit strategy and finance, furnishing financial officers with a firm knowledge of ethical business management.
Indispensable for all types and sizes of organizations, from small religious groups and community social service agencies to major cultural institutions and colleges and universities, this important book imparts a clear sense of the technical expertise and proficiency needed as a nonprofit financial officer and includes real-world case studies, checklists, tables, and sample policies to clarify and explain financial concepts.
Unlike other books on money management within the nonprofit field, this timely book uniquely discusses the development of a basis for liquidity targeting as the primary financial objective of the nonprofit—especially noncommercial nonprofit organizations—and then ties other financial decision areas to this liquidity target throughout the book.
Financial Management for Nonprofit Organizations demonstrates that financial management functions are expanding—and supplies effective strategies that will make a real difference in every organization's ability to achieve its mission.
From the Back Cover
Maximize Your Organization's Financial Independence and Your Financial Acumen as a Manager
Hundreds of thousands of nonprofit organizations of all sizes exist today, each with a responsibility to its mission, its constituents, its employees, and its volunteers.
It is no wonder, between competition from other organizations for contributions, retaining supporters and employees, and maintaining strong internal control systems in light of the present Sarbanes-Oxley environment—all while accomplishing a stated mission—that the financial management of a nonprofit organization is just as daunting as that of a for-profit corporation.
Written by respected financial professionals from a managerial decision-making perspective for those on nonprofit boards or in day-to-day management positions with oversight responsibility for financial functions, Financial Management for Nonprofit Organizations expertly offers helpful advice on everything financial officers need to know, including:
- Managing an organization's financial resources
- Establishing and revising financial policies
- Accounting, budgets, and financial reports
- Investing for the short and long term
- Controlling and managing risk
With many real-world case studies, checklists, tables, and sample policies simplifying and illustrating financial concepts, Financial Management for Nonprofit Organizations: Policies and Practices supplies balanced and up-to-date guidelines in this readable and comprehensive guide.
Most helpful customer reviews
22 of 23 people found the following review helpful.
Aimed at the Non-Professional
By John Matlock
It may come as a surprise to learn that non-profits account for some 1/7 of the US economy. Non-profits vary from huge operations like the major museums, universities and foundations down to the local theatre group putting on a play once or twice a year.
As a non-profit grows, so do the requirements for financial management. The organization may begin to get a variety of assets, there may be needs to manage investments or trust funds, there may be debts, and of course there is fundraising.
The other side of this is a requirement for financial reporting, not the least of which is the impact of Sarbanes-Oxley which had increased the responsibilites placed upon the management.
This book is aimed at the financial manager who may have gotten the responsibility without formal training, business-only- training and of course too little time and too few support staff to do the job. It is specifically aimed at the small, resourse-constrained organization, as well as for larger operations.
This is a very complete book, not all of which will be needed by most organizations, but which may become more important as the organization grows.
9 of 9 people found the following review helpful.
The most complete financial management resource for nonprofits
By G. Bettridge
So many of us enter the third sector with a lot of passion for our particular interest, but not much know-how of the specific financial issues facing nonprofits. This book is one stop shopping for the beginner and the seasoned ED or Development Director.
0 of 0 people found the following review helpful.
Was required for a class. Incredibly dry reading. ...
By M
Was required for a class. Incredibly dry reading. Not sure if the textbook author can be blamed for the nature of the subject matter, though. It did contain the necessary information.
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