established July 21‚ 1821 as a non-charter government when the Provisional Governor Andrew Jackson signed an ordinance making the county one of the first two counties in Florida‚ the other being St. Johns County (Escambia County – CARF‚ 2013‚ p.7). Escambia County’s Comprehensive Annual Financial Report (CAFR) focuses on several factors that affect the financial statement such as local economy‚ long-term financial planning and major initiates‚ and relevant financial policies. The purpose of this
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Non Profit Business Plan Legal Page Confidentiality Agreement The undersigned reader acknowledges that the information provided by _________________________ in this business plan is confidential; therefore‚ reader agrees not to disclose it without the express written permission of _________________________. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature‚ other than information which is in the public domain
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In a healthcare organization‚ there is a financial accountability required by healthcare leaders and governing boards. There are governance requirements of the Health Center Program. The governance address and describes what board members can do to achieve their oversight responsibilities‚ including information for the board to receive and review‚ questions for the board to ask‚ and the significance of particular answers on health center operations and viability. The governing board is mandated
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MGT 697 Non Profit Balance Scorecard Adoption The concept of the Balanced Scorecard was created for for-profit organizations during the late 1980s. Executives wanted to take a different look at the organization’s performance based on factors other than financial statements and balance sheets. The success of this framework worked its way into the non-profit sector after a few short years. Research suggest that non-profit executives “concluded that
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Differences of Accounting for Government & Nonprofit organization versus for profit business. Business accounting has always been considered by some people to be the model for government accounting. But there are differences between one and another. Government and not for profit are governed mainly by their budgets. The budget covers the governmental decisions on how to raise money and where to spend it. Traditionally the budget takes center stage and one of the most public decisions
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000($970‚000-$177‚000). The total implicit cost is $190‚000($175‚000+.15X$100‚000). The total economic costs is $983‚000($793‚000+$190‚000). b. The accounting profit in 2010 is $177‚000($970‚000-$793‚000) c. The economic profit in 2010 is $-13‚000($970‚000-$793‚000-$190‚000). d. The owner should not leave his job because the economic profit is negative‚ which means he will earn less if he does his own business. 2. a. The type of agency problem that is involved here is principal-agent problem. Marriott
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I brought with me over 15 years of experience working in a professional capacity within the non-profit industry prior to taking this class. I chose this industry because of my personal goal of wanting a career where I was not driven by a bottom line‚ but rather by my commitment for wanting to leave this world a better place for the next generation. Unfortunately‚ I never really had an employer place such a high paramount on ethical issues prior to my joining the Casey Foundation. Yet at Casey
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1. What is the purpose of financial statement analysis? It show trends and relationships. These also help predict the future‚ show weaknesses‚ strengths. The ratios usually are compared to other companies within the industry and industry average to see where the company stands. Source: http://answers.yahoo.com/question/index?qid=20080215185426AACTP6A 2. If a company had sales of $2‚587‚643 in 1998 and sales of $3‚213‚456 in 2003‚ by what percentage did sales change during this time period
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The performance of public organizations is important for a variety of stakeholders including politicians‚ citizens‚ donor agencies and government officials. For more than two decades the implementation of performance measurement systems has been considered a central tenant of public sector reforms to address the concerns of efficiency. Within the literature on performance measurement this concept is limited to applying various techniques for generating performance data and that includes both qualitative
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famous work on for-profit strategy is Porter’s “Competitive Strategy”. He defines strategy as: “developing a competitive strategy is developing a broad formula for how a business is going to compete‚ what its goals should be‚ and what policies will be needed to carry out those goals” (Porter 1980‚ p. xvi).Five decades of practice and research have been focused on strategy for for-profit organisations. Applying strategy concepts from this for-profit perspective to the non-profit world is challenging
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