Streetsmart Financial Basics for Nonprofit Managers

ISBN-10: 0470414995

ISBN-13: 9780470414996

Edition: 3rd 2009

List price: $49.00
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The third edition of Streetsmart Financial Basics for Nonprofit Managers is significantly updated. The new book contains sidebar stories illustrating key points for various nonprofit financial management situations, thorough treatment of the new IRS form 990 and its implications for nonprofits, dual treatment throughout the book of the old and the new Form 990's, all new material on the role of risk management as it relates to financial management, as well as explicit treatment of the new class of charity raters. It contains additional material on: common budgeting errors, the practical implications of the differences between revenues and expenses vs. cash flow, and guidance on Sarbanes-Oxley-like trends and adaptations in the nonprofit sector. The CD files will be updated accordingly as well.
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Book details

List price: $49.00
Edition: 3rd
Copyright year: 2009
Publisher: John Wiley & Sons, Incorporated
Publication date: 4/6/2009
Binding: Paperback
Pages: 280
Size: 6.00" wide x 9.00" long x 1.00" tall
Weight: 1.034
Language: English

Thomas A. McLaughlin is Director of Consulting Services, Nonprofit Finance Fund, and member of the faculty at the Heller School for Social Policy and Management at Brandeis University. He is also the author of Nonprofit Strategic Positioning: Decide Where to Be, Plan What to Do and Nonprofit Mergers and Alliances, both published by Wiley. His email address is

Note to Reader
Organizational Structure: Programs and Corporations
Types of Nonprofit Organizations
Structure of Nonprofit Organizations
Loss of Tax-Exempt Status - The Monster Within
Mission: Managing Your Two Bottom Lines
The Role of a Value System
The Nonprofit's Dilemma and How to Solve It
Accounting as a Second Language-A Nine-Point Program
The Entity Principle
Money Measurement
Conservatism Principle
The Cost Concpet
The Materiality Principle
Going Concern
Dual Aspect
Realization Principle
Matching Principle
Assets Are for Boards, Activities Are for Managers
Concepts versus Details
Boards Invest, Managers Spend
If It Has to Be Decided Today, It's Probably the Wrong Question
Boards Own the Controls, Managers Implement Them
Balance Sheets: How They Get That Way
Current Assets
Noncurrent Assets
Current Liabilities
Noncurrent Liabilities
Making the Balance Sheet Dance
Transparency, Thy Name Is IRS Form 990
Sweeping Change
What to Do
Financial Analysis: A Few Diagnostic Tools
Financial Statement Analysis for Math Phobics
Current Ratio
Days' Cash
Days' Receivables
Cash Flow to Total Debt
Debt to Net Assets
Total Margin
Operating Margin
Accounting Age of Plant/Equipment (or Land, Buildings, and Equipment)
A Footnote
Nonprofit Accounting: Acknowledging the Strings Attached
Net Asset Categories
Other Provisions
What It All Means
Cost Accounting: How Much Does It Cost?
A Form of Management Accounting
Indirect Costs
Certain Support Costs Get Assigned to Other Support Costs
Breakeven Analysis-Another Use for Cost Data
Cost Accounting versus Cost Reporting
Auditing: Choosing and Using an Auditor
Audit, Review, and Compilation
The Auditor Market
Getting Value from the Audit
Cash Flow Management: Why Cash Is King
Up the Balance Sheet
How Much Cash Is Enough?
Capital: Why Capital Is Not a Four-Letter Word
The Mechanics of Capital Financing
The Present Value of Money
Sources of Capital
The Great Divide among Nonprofits
Future Access to Captial Markets
The Role of Net Assets
Strategic Capital Management
Budgeting: Taming the Budget Beast
Playing Revenues Like a Symphony
Indirect (General and Administrative) Costs
Indirect Costs and Other Despised Items
Still, It's Low That Counts
Secret of the Indirect Cost Game
Pricing: How Much Should It Cost?
Pricing Methodologies
Going the Other Way-Contractual Adjustments and Subsidies
Pricing Strategies
How to Price
Profit Defined
Uses of Profit
Profit-How to Get It
What Can Be Done
To Raise More Money, Think Cows
Bequests-Cow to Charity
Charitable Remainder Trusts-Milk to Beneficiaries, Cow to Charity
Pooled Income Funds-Donors Put Their Cows in a Herd, Keep Rights to Milk
Insurance: The Maddeningly Complicated Art of Covering Your Assets
To Insure or Self-Insure?
Risk Management
Internal Controls for External Goals
The Elements of Internal Control
How to Monitor the System
Maintaining the System
Enron Spawn
Some Predictions
The New Industry of Charity Watching
Management Controls: Toward Accountability for Performance
Management Controls Circa 1980
Beyond Management Controls in the Twenty-First Century: How to Do It
How to Prepare-The CFO of the Future
A Financial Management Cultural Primer
Budget Bloopers
Using the Web Site
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