amp tools for ngo financial management

... NGO Financial Management  Do More with Less  Sources of Income Inconsistent  Mission-driven, not Financially-Driven Staff  Small Purchaser of ... Purchaser of Goods & Services  Comply with Donor Requirements NGO Financial Tools  Policies & Procedures Manual     Record Financial Transactions Monitor & Control Expenses Satisfy Reporting ... Accurate Reporting to Donors and Grant-makers NGO Financial Tools  Record     Revenues – all types Expenses – all types Assets – All things owned by NGO Liabilities – Money owed to others  Donors...

Ngày tải lên: 14/03/2014, 00:41

... balances form the supporting schedules for cash balances when preparing year-end financial statements 48 Secure the Future™ NGO Financial Management Pocket Guide Secure the Future™ NGO Financial Management ... requirements are adhered to before any payments for travel are made 27 Secure the Future™ NGO Financial Management Pocket Guide Secure the Future™ NGO Financial Management Pocket Guide Chapter ... Future™ NGO Financial Management Pocket Guide Secure the Future™ NGO Financial Management Pocket Guide Procurement procedures Before tendering is done, the Director should determine the need for...

Ngày tải lên: 14/03/2014, 00:12

... such as producing a unit of product (for example a tin of baked beans), providing a unit of service (for example, a car repair) or creating a facility (for example, building an Olympic athletics ... decisions It is quite common for businesses to produce separate financial statements for each department or section, to try to assess their relative performance Example 3.3 below considers how ... is reviewing the performance of one hotel and making plans for next year The managers have in front of them the results for this year (based on some actual results and some forecasts to the end...

Ngày tải lên: 22/06/2014, 02:20

... overheads and a different one for those of another For example, machine hours could have been used for the machining department and a direct labour hours basis for the other two Batch costing ... budgeted overheads for next year, analysed between the two cost centres This should be in the form of three columns: one for the total figure for each type of overhead and one column each for the two ... following example should make this last step clear Example 5.2 The management accountant at Modern Producers Ltd (see Example 5.1) has estimated that the cost of running the finished goods stores for...

Ngày tải lên: 22/06/2014, 02:20

... will increase the variable cost for the entire output by £100 a machine For example, if the output were three machines a week, the variable cost for each machine (for all three machines) would ... without fuel of some description For neither household nor business users of electricity is there an immediate, practical substitute For some uses of electricity – for example, powering machinery – ... of machine for which facilities exist to produce a maximum of 10 machines each week To assist management in a decision on the price to charge for the new machine, two pieces of information have...

Ngày tải lên: 22/06/2014, 02:20

... report says: A comprehensive management accounting system is in place providing management with financial and operational performance measurement indicators Detailed management accounts are prepared ... effect For example, the cash budget sets out the planned receipts, payments and resultant cash balance for the period If the person responsible for the cash budget gets things wrong, or is forced ... a manager is informed that the performance in May was below the budgeted level, it is quite likely that the performance for June will be below target as well Reports on the performance in May...

Ngày tải lên: 22/06/2014, 02:20

... £15,000) Net saving before depreciation Net saving before depreciation Net saving before depreciation Net saving before depreciation Net saving before depreciation Net saving before depreciation ... vans Net saving before depreciation Net saving before depreciation Net saving before depreciation Net saving before depreciation Net saving before depreciation Net saving before depreciation ... years’ time Cost of machine Operating profit before Operating profit before Operating profit before Operating profit before Operating profit before Disposal proceeds (100) 20 40 60 60 20 20 depreciation...

Ngày tải lên: 22/06/2014, 02:20

... vans Net saving before depreciation Net saving before depreciation Net saving before depreciation Net saving before depreciation Net saving before depreciation Net saving before depreciation ... (instead of as a percentage) We have already seen how this works for the £20,000 inflow for year for the Billingsgate project For year the calculation would be: PV of year cash flow (that is, £40,000) ... probabilities are based on information gathered from past experience Thus, for example, the transport manager of a business operating a fleet of vans may be able to provide information concerning the...

Ngày tải lên: 22/06/2014, 02:20

... conventional management accounting already supports this strategic process We have seen in Chapter 7, for example, how budgets can be used to compare actual performance with earlier planned performance ... identified in Step 3) and formulating long- and short-term plans to pursue them Reviewing business performance and exercising control by assessing actual performance against planned performance (identified ... years Post-investment appraisals, carried out by management, determine the reasons for any significant variance from expected performance In its 2007/8 financial review, Kingfisher plc, the home improvement...

Ngày tải lên: 22/06/2014, 02:20

... Usually most of the information for this can be found in the competitors’ annual report and financial statements Usually competitors are willing to provide information about their financial results ... performance and position This practice is referred to as ‘creative accounting’ and has been a major problem for accounting rule makers and for society generally Real World 9.10 provides some examples ... flows and, in turn, shareholder value, management targets can be set for improving performance in relation to each value driver and responsibility assigned for achieving these targets Activity...

Ngày tải lên: 22/06/2014, 02:20

... discussed so far is most useful for evaluating the performance of divisional managers, and which for evaluating the performance of divisions? It can be argued that the performance of divisional managers ... El-Shishini mentioned earlier asked senior financial managers about the relative importance of financial and non -financial measures for assessing divisional performance To this, a seven-point scale ... most appropriate, whereas for evaluating the performance of a division, the divisional profit for the period is likely to be more appropriate Various definitions can be used for divisional investment...

Ngày tải lên: 22/06/2014, 02:20

... services, for example a case handled by a firm of solicitors, will take some time to complete and costs will build up before the client is billed for them Managing working capital The management ... sewerage services and waste management, mainly in the UK Source: Table constructed from information appearing in the financial statements for the year ending in 2007 for each of the five businesses ... a secure store for the inventories Clearly, the efficient management of inventories is an important issue for many businesses Source: Annual reports of the businesses for the financial year ended...

Ngày tải lên: 22/06/2014, 02:20

... Ticket revenue at 50 per cent capacity for 20 performances: (£16,400 × 50% × 20) £164,000 Touring company ticket sales: Total revenue for each performance for a full house: £ 200 @ £22 = 4,400 ... differs from a forecast in that a forecast is a statement of what is expected to happen without the intervention of management, perhaps because they cannot intervene (as with a weather forecast) A ... be investigated involves the use of judgement Often management will set a threshold of significance, for example per cent of the budgeted figure for each variance relating to revenue or cost items...

Ngày tải lên: 22/06/2014, 02:20

... performance) The performance for the business as a whole is often given the most weighting, and individual performance the least weighting Thus, 50 per cent of the bonus may be for corporate performance, ... also overheads communication about cost management 332 communities 12 accounting information for 16 companies 2–3 comparability of management accounting information 18, 453 compensating variances ... information for budgets 177–8 competitors’ businesses 321–2 cost-plus information, used by price takers 164–5 on creditworthiness 425 full (absorption) cost information, using 121–3 market information...

Ngày tải lên: 22/06/2014, 02:20

... 305 Project management tools 310 7.1 Project management – activities, processes and tools 7.1.1 Key project management activities and tools ... and tools for the project management cycle (planning) and the diagnosis phase of the problem solving cycle 38 2.2 Categories of tools Problem solving process steps: Categories of tools: Tools ... best-pratice list of tools , a TOP 10 list of the most preferred tools and an overview of project management planning and scoping tools have been added There are 23 new tools in this edition,...

Ngày tải lên: 08/10/2013, 18:11

... How to strengthen Financial Management practices?(con’t) 4- Financial reporting  Financial reporting for Bank-funded projects: Project financial statement ( audited), periodic financial reports ... What is Financial Management? Process of planning and controlling financial resources to achieve optimum economic and financial benefits from an investment The main elements of financial management ... substitute, tabular information Format should be agreed between project management, task team leader, and financial management specialist prior to negotiations 21 VII- Financial Monitoring Reports...

Ngày tải lên: 18/10/2013, 11:15

... Fundamentals of NGO Management A Practical Guide to the Financial Management of NGOs Theunis Keulder & Erika Benz Published by Namibia Institute for Democracy Funded by United States Agency for International ... 68 Fundamentals of NGO Management Introduction to financial management Leaders and managers of NGOs have to develop, at the very least, basic skills in financial management Expecting others ... Keulder Executive Director Namibia Institute for Democracy Fundamentals of NGO Management Acronyms and Initialisms NID Namibia Institute for Democracy NGO Non-Governmental Organisation PAYE Pay-As-You-Earn...

Ngày tải lên: 06/03/2014, 21:20

... maturity date Form 990 Form 990 is an information IRS filing It is open to public inspection Form 990-EZ Form 990-EZ is a shortened version of the Form 990 that is suitable for smaller not-forprofit-organizations ... Form 990-N Form 990-N is an electronic information IRS filing for very small not -for- profit organizations that not regularly have gross receipts over $25,000 Form 990-PF Form 990-PF is an information ... faculty chair for finance for the United States Chamber of Commerce’s Institutes for Organization Management program McMillan has written several books on not -for- profit financial management His...

Ngày tải lên: 14/03/2014, 00:32

... disciplines But the search for prevailing solutions is also propelled by competition Competition for better ideas, for better methodologies, and for the funding to make it all happen For years now I have ... countries 26 Example of Hungary: Hungarian Scientific Research Fund (OTKA) Example of Germany: the German Research Foundation (DFG) Example: Austria Example of Finland: Tekes: Example of Turkey: ... research development and financial management issues? Strengthening the autonomy of universities is one of the most important elements for the development of modern financial management Independence...

Ngày tải lên: 16/03/2014, 02:20

... important element of the strategic framework for disaster risk management advocated by the World Bank Group Added Value to Clients Expertise in catastrophe risk management Extensive experience in partnering ... Risk Insurance Facility (CCRIF), for example, offers parametric insurance against major hurricanes and earthquakes in 16 Caribbean countries A similar initiative for the Pacific Island countries ... building for future transactions between the country and the financial markets Extensive country knowledge and convening power Global reach and country knowledge to identify opportunities for countries...

Ngày tải lên: 22/03/2014, 21:20