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About the Authors | |
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Acknowledgments | |
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Preface | |
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Understanding Nonprofit Organization Finances | |
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Definition of Nonprofit Organizations | |
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Characteristics of Nonprofit Organizations | |
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Understanding the Language of the Nonprofit Organization | |
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Financial Policies | |
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Financial Practices | |
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Primary Financial Objective | |
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Conclusion | |
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Liquidity Management | |
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Introduction | |
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Donative Nonprofit Organizations | |
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Evidence on Liquidity Management in the Nonprofit Sector | |
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Facets of Liquidity Management | |
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Importance of Liquidity Management | |
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What Is the Appropriate Level of Liquidity? | |
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Conclusion | |
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Managing Mission and Strategy | |
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Value of Strategic Planning | |
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What Is Strategic Planning? | |
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What Are theOrganization's | |
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Mission, Vision, andGoals/Objectives? | |
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Strategic Management Process | |
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Implementing the Strategic Plan | |
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Performance Management Systems | |
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Strategic Planning Practices: What Does the Evidence Show? | |
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Conclusion | |
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Managing Structure, Accountability, and Ethics | |
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Financial Tools and Support Structure | |
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Organizational Structure and Governance | |
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Accountability Structure | |
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Ethics | |
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Structure, Accountability, and Ethics in Practice | |
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Conclusion | |
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Developing Financial Policies | |
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Introduction | |
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Financial Policies | |
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Putting Policies into Place | |
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Establishing Procedures | |
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Financial Policies and Procedures in Practice | |
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Additional Resources | |
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Understanding Accounting Basics and Financial Statements | |
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Introduction | |
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Accounting Basics | |
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Three Financial Statements | |
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The Audit and the Audit Committee | |
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Financial Statement Users and Uses in Practice | |
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Social Accounting | |
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Additional Resources | |
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Developing Financial Reports and Ratios | |
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Introduction | |
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Major Differences from For-Profit Business Reports | |
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Objectives of Financial Reports | |
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Reporting System Design | |
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Major Reports | |
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Internal Reports | |
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External Reports | |
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Conclusion | |
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Developing Operating and Cash Budgets | |
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Introduction | |
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Overview of the Budgeting Process | |
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Are Nonprofit Organizations Doing Their Budgeting Properly? | |
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Developing and Improving Your Budgeting Process | |
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Setting the Budgetary Amounts | |
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Budget Technique Refinements | |
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Cash Budget | |
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Managing Off the Budget | |
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Conclusion | |
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Long-Range Financial Planning and Capital Budgeting | |
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Introduction | |
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Planning for the Future | |
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Financial Evaluation of New and Existing Programs | |
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Capital Budgeting: Financial Evaluation of Projects that Arise from Existing Programs | |
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Financial Evaluation of Mergers, Joint Ventures, and Strategic Alliances | |
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Financial Planning and Capital Budgeting in Practice | |
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Conclusion | |
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Managing Your Organization's Liabilities | |
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Managing the Balance Sheet | |
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Payables | |
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Short-Term Borrowing | |
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Strategic Financing Plan | |
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Steps to Successful Borrowing | |
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Matching Financial Sources to Strategic Objectives | |
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Preparing the Financing Proposal | |
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Making the Presentation | |
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Other Factors in Borrowing/Lending Decisions | |
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Municipal and Taxable Bonds | |
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Leasing and Nontraditional Financing Sources | |
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Developing a Debt and Hedging Policy | |
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Liability Management in Practice | |
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Conclusion | |
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Cash Management and Banking Relations | |
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Introduction | |
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What Is Cash Management? | |
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Collection Systems: Managing and Accelerating Receipt of Funds | |
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Disbursements | |
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Structuring a Funds Management System | |