- Paperback: 220 pages
- Publisher: Wiley; 4 edition (June 28, 2010)
- Language: English
- ISBN-10: 0470575417
- ISBN-13: 978-0470575413
- Product Dimensions: 8.4 x 0.8 x 10.8 inches
- Shipping Weight: 1.2 pounds (View shipping rates and policies)
- Average Customer Review: 4 customer reviews
- Amazon Best Sellers Rank: #576,008 in Books (See Top 100 in Books)
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Not-for-Profit Budgeting and Financial Management 4th Edition
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From the Back Cover
Budgeting Made Easy for Today's Nonprofit
With 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 Not-for-Profit Budgeting and Financial Management, Fourth Edition offers a system that is not only easy to use and monitor, but also ensures true fiscal accountability in the complex nonprofit arena.
This 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.
Written in a nontechnical, understandable, how-to language and format, the Fourth Edition incorporates dozens of relevant forms and documents and covers:
All new material on footnoting the statement of activity
How to present cash prepared and accrual statements on the same page
The importance of the executive summary
How nonprofits can work toward liberating themselves from the year-to-year scramble for increasingly scarce resources
Instead of being controlled by outdated, cumbersome, and inaccurate budgeting processes, nonprofit managers need to be able to effectively direct and responsibly control their resource allocation. Not-for-Profit Budgeting and Financial Management, Fourth Edition 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!
About the Author
EDWARD MCMILLAN 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 Guide to Fringe Benefits for Not-for-Profit Organizations, Complying with SFAS #116 and #117, and The Audit: A Novel. He is also the author of numerous articles appearing in such publications as Association Management, Leadership, and Dollars and Cents.
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Top customer reviews
One thing I do like is the example of a Sample Consolidated Statement of Activity. It manages to show a wealth of information about the current month compared to prior year and to current budget with variance plus the same for year to date figures. I'm going to use this format for my next finance committee meeting.
I'm about halfway through reading this book and expect to get more useful information, but I wish the publisher had done a better job with editing and proofreading. Were I the author, I'd be very embarrassed.