Quality Analysis- World Vision

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Research Paper: World Vision

Terra Brock

MGMT 633 – Introduction to Managerial Accounting

Embry-Riddle Aeronautical University
Table of Contents

Abstract……………………………………………………………………………..………….3

Section I- Introduction- …………………………………………………………..….…….…..6

Section II- Evaluating Financial Statements ………………………………………..……….....9

Section III- Standard Cost……………………………………………………..………………12

Section IV- Analyzing Future Projects…………………………………………...…………....14

Section V- Summary, Conclusion and Recommendations…..………………………………...16

References……………………………………………………………………………………..17

Abstract

World Vision is a global organization that provides humanitarian support to children, families and communities worldwide. World Vision competes with organizations that advocate for human rights, assist with poverty issues, feed the hungry, promote self-sufficiency, work with impoverished children, and organizations that focus on issues related to women and children. By looking at factors like current ratio, World Vision is in a good position to pay off debt. Also, World Vision’s return on fund raising (FR) efforts and contributions reliance is excellent. By using several capital budgeting techniques, World Vision can decide whether a project/investment should be considered. Utilizing the payback rule, profitability index, IRR and NPV, World Vision is able to determine the best financial decisions for the company. World Vision can more efficiently manage the funds and projects that improve the lives of impoverished children and families across the globe through utilizing financial analysis techniques noted in this paper.
List of Tables

Table 1 Organizational Efficiency .................................................................................................7 Table 2 World Vision Financial Ratios.........................................................................................11 List of Figures

Figure 1 Organizational Efficiency .................................................................................................7

Introduction

World Vision is a global organization that provides humanitarian support to children, families and communities worldwide. Since 1950, World Vision has served close to 100 million people in nearly 100 countries around the world. “World Vision provides emergency relief and long-term community development programs, including local leadership training” (2011 Audited Financial Statement). Refugees, earth quake and hurricane survivors, abandoned and exploited children, survivors of famine and civil war, families and children affected by AIDS are all served by the non-profit organization ("Who we are"). With a staff of more than 40,000, employees are mostly based in their home countries or regions. The organization believes this allows for a “deeply personal understanding of how best to assist local children and families.” Employees come from very diverse backgrounds including: hydrology, micro-enterprise development, and public health, to name a few ("Who we are"). World Vision’s organizational mission and values are interwoven into the company culture. Employees have a clear understanding of the purpose of the organization and their role within the organization. According to the World Vision website, the organizational mission is: World Vision is an international partnership of Christians whose mission is to follow our Lord and Savior Jesus Christ in working with the poor and oppressed to promote human transformation, seek justice, and bear witness to the good news of the Kingdom of God ("Who we are"). According to the World Vision website, the organizational vision is: Our vision for every child, life in all its fullness; Our prayer for every heart, the will to make it so ("Who we are"). World Vision takes financial responsibility very seriously, and is ranked extremely high among websites that rate non-profits for efficiency including:...
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