How do you apply basic finance and budgeting concepts to a nonprofit organization? Please provide your references. Thanks.© BrainMass Inc. brainmass.com June 4, 2020, 4:32 am ad1c9bdddf
The basics of budgeting and finance would remain the same for a non-profit organization with the exception of the focus. The focus of budgeting and finance activities for a for-profit organization are based upon keeping the stock price high, pleasing investors, and keeping financial statements within a certain bottom line area in order to impress creditors. When we deal with a non-profit organization, the focus changes. We use ...
This solution explains how the basic concepts of finance and budgeting are applied to a nonprofit organization.