Ask Accounting Basics Expert

Quiz and podcast

Please answer the following questions:

1. What framework of accountability do you support for nonprofits? Explain your choice.

2. What do you see as the benefits and limitations of accountability via performance measurement?

3. What two things would you propose as practical steps to starting an evaluation system to create trust and accountability as a nonprofit manager? Support your proposal with analysis and literature.

http://www.cbc.ca/player/play/2445329624

CBC (2014). Will there be a chill on non-profits and charities after Portland Hotel scandal. [Audio podcast]. Retrieved from http://www.cbc.ca/player/Radio/Local+Shows/British+Columbia/B.C.+Almanac/ID/2445329598/.

REFERNCES - USE THE PODCASTAND THE PDF ONE (Epstein, Marc J; Buhovac, Adriana Rejc (Nov 2009): 16-21.

Quiz

Mission & Program Evaluation

1. Does your organization periodically evaluate your programs and services to ensure they are aligned with your mission? Yes No

2. Does your organization periodically evaluate your programs and services to ensure they are effective at accomplishing their goals? Yes No

Governance & Financials

3. Does the Board conduct sound budgeting practices and ensure financial controls (such as independent audits) are in place to avoid irregularities? Yes No

4. Does the Board review the prudence of overhead expenses (administration and fundraising expenses vis-à-vis program expenses) and fundraising ratios (what it costs to raise a $1)? Yes No

5. Does your organization have a process for determining and reviewing executive compensation for reasonableness that is reflected in the board minutes? Yes No

6. Is the Board familiar with the organization's Form 990 (the return submitted by nonprofits to the IRS) and does it and ensure that the organization's leaders can attest to its accuracy? Yes No

7. Does your organization utilize recruitment strategies that create boards with diverse backgrounds (including, but not limited to, ethnic, race and gender), experience, and the organizational and financial skills necessary to advance the organization's mission? Yes No

8. Does your organization have a whistleblower protection policy and document destruction policy? Yes No

Ethics and Conflicts

9. Do leaders perform with ethical and trustworthy behavior (i.e., practice what they preach, avoid nepotism and favoritism, promote respectful and professional behavior)? Yes No

10. Does your organization have a policy to ensure only reimbursement of reasonable and necessary expenses for board and staff (e.g., travel, meals)? Yes No

11. Does the board have policies that ensure the independence of a substantial number of board members (free of conflicts of interest)? Yes No

12. Does your organization have a conflict of interest policy for board members and high-level staff members? Yes No

13. Does your organization have a code of ethical conduct that includes a values statement? Yes No

Transparency

14. Does your organization share information with the public about its programs/services and their impact? Yes No

15. Does your organization share information with the public about its Form 990? Yes No

16. Does your organization share information with the public about its audit and financial information? Yes No

17. Does your organization share information with the public about the background and demographics of its board members and key staff? Yes No

18. Is all (or most of) the above information available on an accessible website? Yes No

Fundraising
19. Are your fundraising materials honest and do all funds raised support the programs they were given for? Yes No

20. Are donors' wishes for privacy followed and an opt-out option given for mailing lists or trading? Yes No

http://www.zimmerman-lehman.com/transparency.htm

Take a few minutes to do this and then reflect on the results.

Please integrate the thoughts and ideas from this introduction narrative together with those from the readings (use some of the points on the quiz into the above questions / answers). We will use your analysis, evaluation, and synthesis of thoughts in the questions for this week.

apl style referencing and in-text citation

750 words

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91628444
  • Price:- $30

Guranteed 24 Hours Delivery, In Price:- $30

Have any Question?


Related Questions in Accounting Basics

Question what discoveries have you made in your research

Question: What discoveries have you made in your research and how does this information inform your ability to evaluate effective coaching and its impact on organizations? Consider these guiding questions: 1. What core c ...

Question requirement 1 read the article in below attachment

Question: Requirement: 1. Read the article in below attachment, and answer the questions in a paper format. Read below requirements before your writing! 2. Not to list the answers, and you should write as a paper format. ...

Question as a financial consultant you have contracted with

Question: As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You have agreed to provide a detailed report ill ...

Question the following information is taken from the

Question: The following information is taken from the accrual accounting records of Kroger Sales Company: 1. During January, Kroger paid $9,150 for supplies to be used in sales to customers during the next 2 months (Febr ...

Assignment 1 lasa 2-capital budgeting techniquesas a

Assignment 1: LASA # 2-Capital Budgeting Techniques As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You ha ...

Assignment 2 discussion questionthe finance department of a

Assignment 2: Discussion Question The finance department of a large corporation has evaluated a possible capital project using the NPV method, the Payback Method, and the IRR method. The analysts are puzzled, since the N ...

Question in this case you have been provided financial

Question: In this case, you have been provided financial information about the company in order to create a cash budget. Management is seeking advice or clarification on three main assumptions the company has been operat ...

Question 1what step in the accounting cycle do adjusting

Question: 1. What step in the accounting cycle do Adjusting Entries show up 2. How do these relate to the Accounting Worksheet? 3. Why are they completed at the end of each accounting period? The response must be typed, ...

Question is it important for non-accountants to understand

Question: Is it important for non-accountants to understand how to read financial statements? If you are not part of the accounting/finance function in a business what difference would it make? The response must be typed ...

Question refer to the hat rack cash flow statement 2002 in

Question: Refer to the Hat Rack Cash Flow Statement, 2002 in the text on page 17. Answer the following questions and submit to me via Canvas by the due date. 1. Cash flow from operations? 2. Cash flow from investing? 3. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As