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Financial managers: profit versus non profit

How is the job of a financial manager in a nonprofit organization different from that of a financial manager with a profit‑seeking firm?
Should financial managers in non-profit organizations be compensated equally to their counterparts in profit‑seeking firms? Why or why not?
Do you see the job of the non-profit financial manager as getting easier or more difficult in the future? Where might you get facts to support your conclusions?
How can a financial manager at a non-profit make better use of Internet and World-Wide Web (WWW)capabilities to enhance the financial position of the organization?

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How is the job of a financial manager in a nonprofit organization different from that of a financial manager with a profit‑seeking firm?

The job of a financial manager in a non profit organization is different from those of their for profit counterparts in the sense that they have to make the best possible and most efficient use of the limited financial resources which they possess and plan the utilization of resources in the manner which will bring maximum benefits to the society.

Since the resources available to a non profit organization, as compared to a for profit firm, are limited and has to be put to best use and in the interests of all the stakeholders and not just for the sake of the interest of the firm, a financial manager in a not for profit firm need to be more vigil, pursue ...

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Financial managers: profit versus non profit

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