Financial Management

for

Non-Profit Organization

CONTENTS

Nature and Role of Nonprofit Organization

- Characteristics of Nonprofit Organization

- Characteristics of Financial System in NGO

Nature and Role of General Accounting

- Definition of Accounting

- Benefits of Accounting

- Users of Accounting Information

- Accounting As A Financial Information System

Financial System in Nonprofit Organization

- Accounting System

- Accounting cycle

- Accounting Basis (Cash vs. Accrual)

- Financial Documents, Vouchers

- Financial Records

- Double Entry System

- Adjustment Entry

- Financial Statements

Nonprofit Organization Budget

- Budget as Tool

- Budget documents

- Budget Kinds, Components

- Funds, Kinds,

- Activity Classifications, and Sub-activity

- Chart of Accounts

Budget Preparation Techniques

- Expenditures Estimation Methods

- Revenue Forecast Methods

- Budget Revision

- Budget Periodizing

Nonprofit Organization Financial Report

- Cost Allocations

- Donor Oriented Reports

- Project Oriented Reports

Interim Report

- Payroll Sheet

- Cash Deposit Conformation

- Bank reconciliation

- Gain (loss) on Foreign Currency Transfer

Annual Report

- Asset List Register

- Statement of Financial Position

- Statement of Activities

- Statement of Cash Flows

- Statement of Functional Expenses

- Statement of Budget performance

Special Financial Issues

- Ongoing Project/One Year Project

- Project Period vs. Financial Period

- Donated Material and Services

- Internal Control System

- Petty Cash Fund

End