Non Profit Management April M. Maxwell- Henley NPM/502 Thomas Edison State College (online) Mentor: Dr. Lloyd Williams January 12‚ 2015 Discuss the nature of the nonprofit sector‚ why it came into existence‚ and how it has changed over time. The nature of a nonprofit organization is to assist the public. It is an organization that is referred by many different names such as third sector‚ a charitable sector‚ voluntary sector and tax-exempt sector. This private organization is self-governing
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General operating funds are an integral part for the sustainability‚ impact‚ and growth of all non-profit organizations. General operating funds would provide our organization with the flexibility to meet pressing community needs and achieve impact. Funding would also contribute to maintaining our sustainability‚ while shifting attention from limited program outcomes to broader organizational and social impact. Furthermore‚ it would help ease administrative burdens and costs associated with our
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Organizational change is any action or set of actions resulting in a shift in direction or process that affects the way an organization works. Change can be deliberate and planned by leaders within the organization (i.e.‚ shift from inpatient hospital focus to outpatient primary care model)‚ or change can originate outside the organization (i.e.‚ budget cut by Congress) and be beyond its control. Change may affect the strategies an organization uses to carry out its mission‚ the processes
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culture and change. An organization’s current customs‚ traditions and general way of doing things are largely influenced by what has been done in the past and how successful it was in doing it. To adopt a new culture will definitely be a difficult task. Organization culture may become a barrier to change when the shared values are not in agreement with those entrenched culture in the organization. Each organization has its own unique characteristics‚ a change is needed when an organization does not
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Managing Change in an Organization Change within an organization can lead to growth and success. Robbins and Judge (2011) define change as “making things different” (p. 592). Companies go through change for different reasons; these reasons are referred to as forces of change. Resistance to change is common and occurs for different reasons. There are techniques to manage resistance to change. To begin a change in services‚ organizations must first weigh factors that will affect the implementation
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Midterm: Jose Barela Managerial Accounting 2025 For the second part‚ answer the following questions. Submit this portion of the midterm as a Word document. 1. You want to use break-even and target profit analysis with respect to the introduction of a new product in the marketplace. Your manager says you are wasting your time because the best determination of profitability is the income statement after this product has been introduced. Explain why your manager is wrong. In order to fully understand
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AThe Advocacy Center for the Children of El Paso is a non-profit organization that has been helping children through the years. This organization began forming in the early 90’s and opened on Dec 19‚ 1996. The first victim that they helped was a 18-month old baby girl because she was abandoned. This organization has been helping the community by providing their services for children that have experience physical and sexual abuse. Advocacy Center is helping everyone in the community of El Paso and
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“The accounting profit figure is simply a measure of the true profit of an organisation.” Discuss. In order to assess whether the accounting profit is a measure of the true profit it must first be shown that there is such a thing as true profit. If we decide there is‚ we then need to know what it is exactly‚ in order to assess the extent to which the accounting profit reflects this true profit figure. Before studying this module I believed that the true profit was essentially the accounting
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Accruals and Prepayments of Income Revision 1) You work as an accounts assistant for Snazzy Magazine‚ a subscription only publication in South Wales. You have been given the following information relating to the year to 31st December 2010: Subscriptions paid into the bank account of Snazzy Magazine during 2010 - £4‚800. This figure includes subscriptions of £1‚200 for 2011. You are to provide the T account which clearly shows the amount transferred to the Income Statement and the balance
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Ch.2- Accrual Accounting and Income Determination Under accrual basis -Revenues are earned when the seller completes performance required by an agreement. QA- Flying Carpet Tourism company purchased some cares for 24‚ making a down payment of 14 and signed a note payable for the remaining. How do you record this on cash basis once and on accrual basis another. Answer: Accrual basis: Expenses 24 Cash basis: Expenses 14 QB- Company A made sales revenue of 150 thousands
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