ATTENTION EXPERT SALOMI: Two paragraphs at least 250 words each paragraph.
PARAGRAPH A at least 250 words
Topic: Tools for Making Decisions
Identify & Describe available tools that can help organizations use financial information to make decisions (for example, comparing financial position and statements of activities).
Which tools would be most useful for your chosen organization, and why?
Support your discussion with sources and cite them according to current APA guidelines. Be sure to critically evaluate the concepts and related literature. Address the pro and con arguments.
Learning Components
This activity will help you achieve the following learning components:
- Analyze best practices for financial accounting in nonprofit organizations.
- Identify key accounting processes used by nonprofit organizations.
SCORING GUIDELINES MUST FOLLOW
Criteria Apply relevant course concepts, theories, or materials correctly.
Distinguished Analyzes course concepts, theories, or materials correctly, using examples or supporting evidence.
Criteria Does not contribute professional, personal, or other real-world experiences.
Distinguished Applies relevant professional, personal, or other real-world experiences to extend the dialogue.
Criteria Does not establish relevant position.
Distinguished Validates position with applicable knowledge XXXXXXXXXXPARAGRAPH B at least 250 words
Topic: Financial Planning Case Study
The nonprofit senior community (from the Riverbend City scenario in the multimedia piece SEE Bottom of this page for this unit) has received the following information about financial problems for fiscal year 2018/2019:
- The federal grant for the SAFE program is going to be reduced by 30 percent.
- The Generis corporate grant for general support (unrestricted) is going to be eliminated.
- Individual contributions for general support (unrestricted) are expected to be reduced by 25 percent.
Using the information provided in the Riverbend City: Statement of Financial Position media piece in this unit, in your initial discussion, complete the Statement of Financial Position worksheet in the Resources for this assignment. Be sure to check all calculations in the worksheet to make sure it has been set up properly.
For your initial discussion, detail the assets and liabilities for the restricted and non-restricted revenue sources. Be sure to discuss the importance of the numbers.
Support your discussion with sources and cite them according to current APA guidelines. Be sure to critically evaluate the concepts and related literature. Address the pro and con arguments.
Attach your completed worksheet with your discussion.
Learning Components
This activity will help you achieve the following learning components:
- Describe common components of revenue portfolios of nonprofit organizations.
- Evaluate factors contributing to stability and risk in the revenue portfolios of nonprofit organizations.
SCORING GUIDELINES MUST FOLLOW
Criteria Apply relevant course concepts, theories, or materials correctly.
Distinguished Analyzes course concepts, theories, or materials correctly, using examples or supporting evidence.
Criteria Does not contribute professional, personal, or other real-world experiences.
Distinguished Applies relevant professional, personal, or other real-world experiences to extend the dialogue.
Criteria Does not establish relevant position.
Distinguished Validates position with applicable knowledge.