Accounting method of non profit organizations.
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Executive Summary
In today’s world, there are a lot of non-profit organizations. These organizations are working with a view to serve the mankind, society and specially, its members. These organizations are very much important. Although their main motive is not profit earning but they are economically related to the country’s people and economy. These organizations operate with the fund provided by its members, donors and some cases government. To ensure the accountability, to ensure transparency of transactions, to increase the reliability of proper uses of fund, to know the financial capacity of operations, like business enterprises, nonprofit organizations also have to prepare their financial statements after the end of an accounting period regularly. Nonprofit organizations operating in Bangladesh are also to prepare their financial statements. In this project paper it is shown based on case study of Dhaka University and Badhon whether these two organizations comply with the guidelines, rules and regulations provided by the relevant authority for preparing their financial statements and presenting their financial statements. It is also shown what are their limitations and required recommendations. In chapter 1, it is shown that back ground of the study report, statements of the problem, objectives of the report, scope of the study and limitations of the report. In chapter 2, the brief description of Dhaka University and
Badhon, their mission, vision, scope and works are given below. Theoretical framework/concepts such as definition, types, and characteristics of nonprofit organizations are described in chapter 3. Here it is tried to show that the main understanding of nonprofit organizations. In chapter 4, analysis and findings of this study report are shown. Here to analyze the report topics, at first it shown what are the main guidelines and rules for preparing and presenting financial statements of Dhaka University. Then it is shown
Executive Summary
In today’s world, there are a lot of non-profit organizations. These organizations are working with a view to serve the mankind, society and specially, its members. These organizations are very much important. Although their main motive is not profit earning but they are economically related to the country’s people and economy. These organizations operate with the fund provided by its members, donors and some cases government. To ensure the accountability, to ensure transparency of transactions, to increase the reliability of proper uses of fund, to know the financial capacity of operations, like business enterprises, nonprofit organizations also have to prepare their financial statements after the end of an accounting period regularly. Nonprofit organizations operating in Bangladesh are also to prepare their financial statements. In this project paper it is shown based on case study of Dhaka University and Badhon whether these two organizations comply with the guidelines, rules and regulations provided by the relevant authority for preparing their financial statements and presenting their financial statements. It is also shown what are their limitations and required recommendations. In chapter 1, it is shown that back ground of the study report, statements of the problem, objectives of the report, scope of the study and limitations of the report. In chapter 2, the brief description of Dhaka University and
Badhon, their mission, vision, scope and works are given below. Theoretical framework/concepts such as definition, types, and characteristics of nonprofit organizations are described in chapter 3. Here it is tried to show that the main understanding of nonprofit organizations. In chapter 4, analysis and findings of this study report are shown. Here to analyze the report topics, at first it shown what are the main guidelines and rules for preparing and presenting financial statements of Dhaka University. Then it is shown
Bibliography: 24 1. Leon Edwards Hay & Earl Ray Wilson(1995, 10th edition) “Accounting for Government and Nonprofit Organization” 2. Susan Convery Kattelus (2001) “Accounting for Government and nonprofit Entities” 3. Michael H. Granof “ Core concept of Government and Nonprofit Accounting”