A not-for-profit organisation (for example, a university) will: Select one: O A. Be concerned with costs O B. Require non-quantifiable information O C. Try to plan future revenues O D. All of the above.
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- Explain how performance might be measured in Non-profit making Organisations. 1b. Explain the objective of the value for money and his application to a Non-profit making Organisation.If you wanted to introduce a new program into your institution utilizing a financial case to support it, which option would you choose, increased revenue ,or reduced cost? Why?Use the internet to research one for-profit, one governmental, and one not-for-profit entity. For each entity, describe the following: A. the primary purpose of the entity B. the types of activities that accountants would record (hint: what is the source of the entitys funding, and what costs might the entity have?) C. the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process
- Maximizing the profit of the concern comes under ____________objective of financial management a. Operational Objectives b. Social Objectives c. Basic objectives d. Research ObjectivesReporting financial information imposes costs and obviously these costs should be justified by the ____________ of reporting that information. a. Availability • b. Benefits c Timeliness d. QualityNeed answers ASAP... In the B/C ratio the owner of the public projects is the a. non-government organization b. all of the above c. public d. national government
- Describe the concept of a profit center and, using a specific organization, give an example of how this might be used to achieve the strategic goals of the organization.Information has the quality of relevance if it influences economic decisions of users by helping them evaluate past, present, and future events or conforming or correcting their present evaluations * False TrueThink carefully about the overall mission and goals of a non-governmental organization (NGO), such as Doctors Without Borders or The Nature Conservancy. Required:1. How does the task of building a balanced scorecard for an NGO differ from that for a profit-seeking enterprise?2. Choose an NGO that interests you and design a simple balanced scorecard for them, with a minimum of two measures in each of the scorecard’s perspectives.
- Twela company has implemented an initiative for knowledge management. How can you measure the return on investment on knowledge management initiative in the company, to know whether the benefit outweighs the cost of the initiative?Which of the following is not true? A. Organizations share a common purpose or mission. B. Organizations have inflows and outflows of resources. C. Organizations add value to society. D. Organizations need accounting information.What is your present understanding of the short-term versus long-term financial needs of an organization? What might be some short-term financial needs of an organization? What might be some long-term financial needs of an organization? Why might these different types of needs be important to an organization’s success and overall financial health?