{"product_id":"not-for-profit-budgeting-and-financial-management-isbn-9780470575413","title":"Not-for-Profit Budgeting and Financial Management","description":"\u003cb\u003eTake control of your organization's short- and long-term financial plan\u003c\/b\u003e  \u003cp\u003eNow fully revised, \u003ci\u003eNot-for-Profit Budgeting and Financial Management, Second Edition\u003c\/i\u003e, offers a financial planning system that is not only easy to use and monitor, but also ensures true fiscal accountability in the complex not-for-profit arena.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eAdds three entirely new chapters on Footnoting the Statement of Activity, Presenting Cash Prepared and Accrual Statements on the same page, and The Importance of the Executive Summary\u003c\/li\u003e \u003cli\u003eFully updated with the latest financial advice to benefit your nonprofit\u003c\/li\u003e \u003cli\u003eExplains how to separate controllable, semi-controllable, and fixed expenses\u003c\/li\u003e \u003cli\u003eReveals how you can prepare and present such top-notch budget documents that budgets will be approved the first time\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten in a nontechnical, understandable format, incorporating dozens of relevant forms and documents, this completely revised and expanded edition will enable your nonprofit organization to create and manage reasonable financial plans that fit their organization's needs.\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eDisclaimer xv\u003c\/p\u003e \u003cp\u003eChapter 1 Budgeting and Financial Operation 1\u003c\/p\u003e \u003cp\u003eChapter 2 Cash vs. Accrual Accounting 13\u003c\/p\u003e \u003cp\u003eChapter 3 Basic Accounting and Financial Operations 45\u003c\/p\u003e \u003cp\u003eChapter 4 Effective Use of Footnotes and Financial Ratio Calculations for the Statement of Financial Position 51\u003c\/p\u003e \u003cp\u003eChapter 5 Controllable and Uncontrollable Expenses 57\u003c\/p\u003e \u003cp\u003eChapter 6 Controllable, Semi-Controllable, and Fixed Expenses 61\u003c\/p\u003e \u003cp\u003eChapter 7 Noncash Expenses 65\u003c\/p\u003e \u003cp\u003eChapter 8 Effective Footnotes for the Statement of Activity 69\u003c\/p\u003e \u003cp\u003eChapter 9 Natural and Functional Statements of Activity 77\u003c\/p\u003e \u003cp\u003eChapter 10 Internal Financial Statements 81\u003c\/p\u003e \u003cp\u003eChapter 11 Converting Accrual-Method Financial Statements to Cash-Method Financial Statements 89\u003c\/p\u003e \u003cp\u003eChapter 12 Budgeting Philosophy 99\u003c\/p\u003e \u003cp\u003eChapter 13 Continuous Budgeting System Overview 101\u003c\/p\u003e \u003cp\u003eChapter 14 The Executive and the Budget Process 105\u003c\/p\u003e \u003cp\u003eChapter 15 Executive Summary 109\u003c\/p\u003e \u003cp\u003eChapter 16 Comparative Financial Statements 113\u003c\/p\u003e \u003cp\u003eChapter 17 Expense Reduction Plans 117\u003c\/p\u003e \u003cp\u003eChapter 18 The Monthly Budgeting Process 121\u003c\/p\u003e \u003cp\u003eChapter 19 The Cash Flow Budget 135\u003c\/p\u003e \u003cp\u003eChapter 20 Getting the Budget Approved 139\u003c\/p\u003e \u003cp\u003eChapter 21 Suggested Format of Budget Documents for an Approving Body 141\u003c\/p\u003e \u003cp\u003eChapter 22 The Role of the Budget Coordinator 157\u003c\/p\u003e \u003cp\u003eChapter 23 Accounting and Budgeting for Fringe Benefits 161\u003c\/p\u003e \u003cp\u003eChapter 24 The Capital Budget and Depreciation 163\u003c\/p\u003e \u003cp\u003eChapter 25 Inventory Purchases and Calculation of Cost of Goods Sold 167\u003c\/p\u003e \u003cp\u003eChapter 26 Accounting and Budgeting for Dues 169\u003c\/p\u003e \u003cp\u003eChapter 27 Capital Assets: Lease-or-Buy Decisions 175\u003c\/p\u003e \u003cp\u003eChapter 28 The Long-Range Plan 177\u003c\/p\u003e \u003cp\u003eChapter 29 Financial Ratios 179\u003c\/p\u003e \u003cp\u003eChapter 30 Zero-Based Budgeting 183\u003c\/p\u003e \u003cp\u003eChapter 31 Putting it All Together 185\u003c\/p\u003e \u003cp\u003eGlossary 203\u003c\/p\u003e \u003cp\u003eIndex 207\u003c\/p\u003e \u003cb\u003eEDWARD MCMILLAN\u003c\/b\u003e is a Certified Public Accountant and Certified Association Executive, and is a nationally recognized speaker on not-for-profit financial and management topics since 1992 for the United States Chamber of Commerce, the American Society of Association Executives, the American Institute of Certified Public Accountants, the American Chamber of Commerce Executives and the Destination Marketing Association International. He has written six books, including five for Wiley, as well as \u003ci\u003eGuide to Fringe Benefits for Not-for-Profit Organizations\u003c\/i\u003e, \u003ci\u003eComplying with SFAS #116 and #117\u003c\/i\u003e, and \u003ci\u003eThe Audit: A Novel\u003c\/i\u003e. He is also the author of numerous articles appearing in such publications as \u003ci\u003eAssociation Management\u003c\/i\u003e, \u003ci\u003eLeadership\u003c\/i\u003e, and \u003ci\u003eDollars and Cents\u003c\/i\u003e.  \u003cb\u003eBudgeting Made Easy for Today's Nonprofit\u003c\/b\u003e  \u003cp\u003eWith more and more nonprofit employees responsible for the creation and management of the annual budget, it's clear that budgets must be well designed and easy to implement in order to accommodate the trend toward decentralizing decision-making powers in nonprofit organizations. Continuous budgeting, as explained in \u003ci\u003eNot-for-Profit Budgeting and Financial Management, Fourth Edition\u003c\/i\u003e offers a system that is not only easy to use and monitor, but also ensures true fiscal accountability in the complex nonprofit arena.\u003c\/p\u003e \u003cp\u003eThis handy guide explains how to separate controllable, semi-controllable, and fixed expenses; take corrective actions during the year to offset budget shortfalls; define the roles of the CEO, CFO, the staff, and volunteer leaders; establish expense reduction plans before they are needed; and prepare and present such top-notch budget documents that budgets will be approved the first time.\u003c\/p\u003e \u003cp\u003eWritten in a nontechnical, understandable, how-to language and format, the \u003ci\u003eFourth Edition\u003c\/i\u003e incorporates dozens of relevant forms and documents and covers:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003eAll new material on footnoting the statement of activity\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eHow to present cash prepared and accrual statements on the same page\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eThe importance of the executive summary\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eHow nonprofits can work toward liberating themselves from the year-to-year scramble for increasingly scarce resources\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eInstead of being controlled by outdated, cumbersome, and inaccurate budgeting processes, nonprofit managers need to be able to effectively direct and responsibly control their resource allocation. \u003ci\u003eNot-for-Profit Budgeting and Financial Management, Fourth Edition\u003c\/i\u003e helps them get the job done and done right, with its powerful system of continuous budgeting, enabling not-for-profit professionals to meet their organization's needs by creating and managing reasonable financial plans—that work!\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989699805413,"sku":"NP9780470575413","price":76.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470575413.jpg?v=1761785156","url":"https:\/\/k12savings.com\/es\/products\/not-for-profit-budgeting-and-financial-management-isbn-9780470575413","provider":"K12savings","version":"1.0","type":"link"}