NOT-FOR- PROFIT MAKING CONCERN
Not-for-profit organizations, such as educational institutions, public hospitals, and charitable trusts, operate with the main objective of providing services rather than making profits. These organizations rely on various sources of funding like contributions, donations, and grants. Accounting for
4 views • 4 slides
Franklin County Urban Agriculture Critical Infrastructure Grant 2023-2024
This grant initiative in Franklin County aims to strengthen the local food supply chain, support urban farms, and provide critical infrastructure funding to eligible organizations. With a focus on increasing food crop production and distribution while ensuring support for socially disadvantaged farm
0 views • 12 slides
Non-Profit Leadership Development: Finance Essentials for Managers
Explore the key concepts of finance for non-financial managers in the non-profit sector. Learn about cost benefit analysis, measures of project worthiness, and essential financial tools such as NPV, IRR, and ROI. Understand how to assess project risks and make informed financial decisions to enhance
0 views • 47 slides
Understanding Cost-Volume-Profit Analysis and Break-Even Analysis
Cost-Volume-Profit (CVP) analysis is a valuable technique that examines the connection between costs, volume, and profits in business operations. By determining the break-even point, setting selling prices, optimizing product mix, and enhancing profit planning, CVP analysis aids in making informed d
0 views • 29 slides
Understanding Profit and Loss Account in Financial Management
Profit and Loss Account is a crucial financial statement prepared to determine the net profit or loss of a business during a specific accounting period. It involves transferring gross profit or loss from the trading account, recording indirect expenses, including administrative and selling costs, an
0 views • 9 slides
Understanding Profit Calculation on Incomplete Contracts
Learn how to calculate profit on incomplete contracts in profit and loss accounts. Discover the rules determining when to credit profits on unfinished contracts, including provisions for potential losses. Follow a practical example to understand the application of these rules.
0 views • 5 slides
Understanding Profit: The Entrepreneur's Reward
Profit is the reward for entrepreneurial functions and differs from returns on other factors due to its uncertain and residual nature. Various theories such as Frictional, Monopoly, Compensatory, and Innovation shed light on the complexities of profit generation in business.
0 views • 15 slides
Understanding Profit and Loss in Mathematics Class V
Explore the topic of profit and loss in Mathematics Class V through learning objectives, worksheets, videos, and explanations of cost price, selling price, profit, and loss. Practice solving real-world problems related to profit and loss to enhance your understanding. Embrace the concept that "Work
0 views • 29 slides
Understanding Profit and Loss in Business Transactions
Learn about cost price, selling price, profit, loss, profit percentage, loss percentage, marked price, discount, successive discount, goods and services tax. Explore the historical context of profit and loss statements from the barter system to modern business transactions. Practice calculating prof
0 views • 31 slides
Understanding Profit and Loss Accounts in Business
Profit and loss accounts provide a detailed overview of a business's trading income and expenditure over the previous 12 months. They involve calculating key figures like cost of sales and gross profit to assess the financial performance. This session aims to explain the concepts, answer common ques
0 views • 14 slides
Introduction and Preparation of Trading Account in Financial Management
Financial statements play a crucial role in understanding a firm's financial position and profitability. They include a Balance Sheet, Profit and Loss Account, and schedules. Trading Account is the initial step in final accounts preparation, focusing on gross profit or loss. It helps determine the p
0 views • 13 slides
Understanding Net Profit Calculation in Profit and Loss Accounts
Net profit, also known as the bottom line, is a crucial indicator of a business's financial performance. It is calculated by deducting total expenses from gross profit. In the provided example for Frying Tonite, the net profit is $30,110 after subtracting expenses of $38,590 from a gross profit of $
0 views • 11 slides
Understanding Musharakah in Islamic Finance
Musharakah is a partnership established through mutual consent for profit and loss sharing in joint ventures. Partners must be capable and enter into contracts freely. There are guidelines on profit distribution, non-working partners, capital contributions, and asset ownership in Musharakah. Avoid f
0 views • 17 slides
Joint Submission on the National Minimum Wage Bill by Social Welfare Sector
Representation of over 1,500 non-profit organizations providing various social welfare services, expressing support for the minimum wage bill but highlighting challenges in financing. Describes the funding structure of non-profit services and the inadequacy of subsidies received from the Department
2 views • 21 slides
Understanding Enterprise: Types and Impact on Society
Explore the various types of enterprises such as financial, cultural, and social, and understand their key features and roles in society. Learn about local, national, and global organizations, financial enterprises' profit-making activities, and the societal contributions of both for-profit and not-
0 views • 18 slides
Understanding Non-Profit Financial Statements: Key Insights
Delve into the fundamental disparities between non-profit and for-profit financial statements, exploring key indicators, such as balance sheets, assets, liabilities, and net assets. Discover the distinct financial structures and reporting methods that differentiate non-profit organizations from thei
0 views • 16 slides
Understanding State Capital Funding Process for Non-Profit Organizations
Explore how State Capital Funds function for non-profit organizations in collaboration with the City, ensuring compliance with State laws for funding release. Learn about the pivotal role of the City's Department of Finance and other important factors in obtaining and utilizing these funds for commu
0 views • 25 slides
Windfall Profit Taxation: Past, Present, and Future
The presentation discusses windfall profit taxation measures in Europe, specifically in Italy, comparing the old Robin Hood tax with new contributions. It explores the aims, issues, tax rates, and bases of windfall profit taxation, highlighting its redistributive purposes and challenges in constitut
1 views • 14 slides
Importance of Accounting in Business Operations
An accounting system plays a crucial role in providing information about a business's profitability. For sole traders, preparing a Trading and Profit and Loss Account along with a Balance Sheet helps depict the financial status. The process of finalizing accounts involves steps like Trading Account,
0 views • 8 slides
Understanding Cost-Volume-Profit (CVP) Analysis for Short-term Decision Making
Cost-Volume-Profit (CVP) analysis is a crucial technique for businesses to assess the impact of changes in sales volume on costs, revenue, and profit. It helps in determining break-even points, planning future operations, and guiding strategic decisions under uncertain conditions. Understanding cost
0 views • 34 slides
Understanding Costs, Revenue, and Profit in Economics
Cost is the expenditure on goods or services, including opportunity cost. It can be explicit or implicit. Measuring opportunity cost involves factors of production and sacrifices. Economic profit considers opportunity cost while accounting profit does not. Production in the short run depends on inpu
0 views • 53 slides
Guide to IRS Tax Exempt Status Application for Non-Profit Organizations
This comprehensive guide provides essential information on applying for tax-exempt status with the IRS for non-profit organizations. It covers the benefits, application procedures, responsibilities, and tools needed for a successful application process. From determining eligibility to understanding
0 views • 14 slides
Issues and Trends in For-Profit Child Care: A Comprehensive Overview
The prevalence of for-profit child care centers in Canada is on the rise, with about 29% of center spaces dedicated to for-profit services in 2021. Ontario's childcare landscape shows a significant presence of both non-profit and for-profit multi-site groups. International examples from countries li
0 views • 13 slides
Understanding Viability and Development Economics in the Real Estate Sector
Explore crucial aspects of viability and development economics in real estate, including profit-making strategies, site identification, risk management, land valuation, and sustainable practices discussed in a seminar featuring guest speaker Ian Storey from Storey Homes. The event delves into the im
0 views • 14 slides
Understanding Non-Profit Accounting Essentials
Learn the basics of non-profit accounting, including what defines a non-profit organization, common types of non-profits, governance structures, and legal responsibilities. Discover key insights on IRS and state requirements for non-profits in this informative presentation by Jessica Sayles, CPA fro
0 views • 55 slides
Understanding Fiduciary Duties and Ethical Practices in Non-profit Organizations
Explore the key aspects of fiduciary duties, ethical conduct, and the challenges related to embezzlement in non-profit organizations as discussed at the VFW Auxiliary Senior Vice Presidents Conference. Learn about the duty of care, loyalty, and obedience imposed by law, along with important takeaway
0 views • 38 slides
Understanding Business Profitability and Income Statements
The concept of business profitability, illustrated through Mr. Seow's iPhone selling business, is explained in detail. The calculation of profit considering costs like rent and salaries is demonstrated. Gross profit, net profit, and their significance in measuring business success are discussed alon
0 views • 8 slides
Understanding Income Statements in Financial Accounting
An income statement, comprising of a Trading Account and Profit and Loss Account, is vital for assessing a company's financial performance. It helps determine profits, losses, and overall worth. The Trading Account specifically calculates the gross profit or loss from core activities, while the Prof
0 views • 18 slides
Understanding Ratio Analysis for Business Performance Evaluation
Ratios in ratio analysis are crucial for analyzing and comparing business performance over time and against other businesses. They are categorized into profitability, liquidity, and efficiency ratios. Profitability ratios like gross profit percentage, net profit percentage, and return on capital emp
0 views • 31 slides
Insights into the Irish Non-Profit Sector: Funding Disparities and Impactful Legacies
Irish non-profit sector faces funding inequities with a majority directed at major charities, leaving smaller organizations underserved. Boards are predominantly older men, and pay norms are below average. A remarkable legacy story of Elizabeth O. Kelly, who generously bequeathed 30 million to chari
0 views • 33 slides
Guidelines for Boosters Clubs: Key Steps for Non-Profit Incorporation and Federal/State Filings
Boosters clubs looking to incorporate as non-profit organizations need to follow specific guidelines for federal and state filings. This involves obtaining tax-exempt status, completing necessary forms for recognition, and adhering to annual filing requirements. Additionally, bylaws must be establis
0 views • 31 slides
CADCAI Audited Financial Report 2016 Summary & Analysis
The CADCAI Audited Financial Report for 2016 reveals key insights into the organization's financial performance. CADCAI is a not-for-profit organization with income tax exemption and registered GST. The report showcases a current year profit of $14,067 and total retained profit since 1986 of $412,30
0 views • 19 slides
Application of Profit Ratio Function in the Drinking Water Sector
The application of the profit ratio function in the drinking water sector is discussed, focusing on optimizing value functions and measuring productivity change in the Netherlands. The function analyzes input demand, output supply, and profit ratios, offering insights into efficiency and profitabili
0 views • 20 slides
Understanding Open Access and Collaboration in the Not-for-Profit Sector
This text discusses the experiences of open access within the not-for-profit sector, focusing on the work of Care Alliance Ireland in supporting family carers. It highlights the challenges and benefits of collaboration between not-for-profit organizations, academia, and researchers, emphasizing the
0 views • 11 slides
Non-Profit Health Check: Key Areas for Long-Term Sustainability
Explore essential aspects for ensuring the long-term sustainability of non-profit organizations, including financial viability, organizational assessment, governance health, and business model mapping. Gain insights from the experiences of renowned museums and botanical gardens on strategic decision
0 views • 23 slides
Understanding Management Roles in Different Types of Organizations
Management roles vary across different types of organizations, including for-profit, nonprofit, and mutual-benefit organizations. Despite the differences, core management functions such as planning, organizing, leading, and controlling remain essential. Managers in each type focus on specific measur
0 views • 29 slides
Understanding the Costs of Production and Profit Maximization
Explore the concept of costs of production in business, distinguishing between explicit and implicit costs. Learn the difference between economic profit and accounting profit, and understand the importance of considering all costs in maximizing profit. Dive into examples and the production function
0 views • 36 slides
Sustainability and Social Accounting in Contemporary Business
Social accounting and sustainability have become key concerns for organizations, governments, and regulators in today's business landscape. From the evolution of reporting guidelines to the Triple Bottom Line approach encompassing social, environmental, and economic factors, businesses are increasin
0 views • 36 slides
Impact Measurement and Assessment in Non-Profit and Social Enterprise Settings
Impact measurement and assessment are crucial for analyzing the effects of interventions on beneficiaries and the environment. This webinar series delves into methods, tools, and key findings related to Social Return on Investment (SROI) analysis, discussing potential and limitations with experts. U
0 views • 26 slides
Understanding Essential Community Facilities
Essential community facilities provide vital services in rural areas, being functions typically handled by local governments. Eligible facilities must operate on a non-profit basis and have community support. Eligible applicants include public bodies and non-profit organizations with ties to the loc
0 views • 17 slides