Budgeting and Financial Management for Nonprofit Organizations: Using Money to Drive Mission Success
Book details
Summary
Description
In the nonprofit sector, money drives mission. Well-managed budgets and investments can spur long-term growth and achievement, while financial mismanagement can damage or destroy an organization. Lynne A. Weikart, Greg G. Chen, and Ed Sermier―in their exciting new text geared wholly to nonprofits―provide the financial tools nonprofit managers need to thrive in pursuit of mission success.
Given the wide array of nonprofit managers′ backgrounds and a common fear of "the financials," the authors explain financial concepts without leaning unnecessarily on intimidating jargon. The result is a practical, accessible resource the prepares the next generation of nonprofit managers in financial planning and analysis as well as conventional and entrepreneurial financial management.
Grounded in real-world cases and offering plenty of opportunity for application and practice, Budgeting and Financial Management for Nonprofit Organizations helps readers develop a stable fiscal foundation and sound financial strategies for their organizations to prosper in times of economic expansion and contraction.
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This book was used as a textbook for a budgeting and finance doctoral class. The information was presented clearly enough for those with some finance background to understand, but some of the information assumed knowledge that novices had difficulty grasping. This book gives a good overview but does not go too in depth. It hits a happy medium that is appropriate for most audiences.