{"product_id":"streetsmart-financial-basics-for-nonprofit-managers-paperback-softback-9781119061151","title":"Streetsmart Financial Basics for Nonprofit Managers (Paperback \/ softback) 9781119061151","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eStreetsmart Financial Basics for Nonprofit Managers\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003eThomas A. McLaughlin (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781119061151, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 15 April 2016\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e368 pages\u003cbr\u003e23.1 x 15.2 x 3 cm, 0.431 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eThe complete guide to the basics of nonprofit financial management\u003c\/b\u003e \u003cp\u003eLet's be honest. Most books about financial management are densely written, heavy on jargon, and light on practicality. Expert financial consultant and author Tom McLaughlin takes a different approach with his fourth edition of \u003ci\u003eStreetsmart Financial Basics for Nonprofit Managers\u003c\/i\u003e. This comprehensive guide provides effective, easy-to-use tips, tools, resources, and analyses. \u003c\/p\u003e\n\u003cp\u003eThe light, humorous tone in \u003ci\u003eStreetsmart Financial Basics for Nonprofit Managers\u003c\/i\u003e makes it an accessible resource for nonprofit executives, board members, students, and those new to the field. This book forgoes useless, pretentious verbiage in order to outline real-world strategies that work. This edition includes: \u003c\/p\u003e\n\u003cul\u003e \u003cli\u003eNew insights, updates, vignettes, case studies, and examples to deal with the implications of nonprofit financial management\u003c\/li\u003e \u003cli\u003eAn examination of nonprofit business models in relation to growing demands from the government and other funders\u003c\/li\u003e \u003cli\u003eHow to construct business plans for virtually any nonprofit entity\u003c\/li\u003e \u003cli\u003eCustomizable resources—including financial worksheets, forms, and Excel templates to help nonprofit managers complete their day to day assignments\u003c\/li\u003e \u003cli\u003eA guided tour through common aspects of nonprofit management, such as financial analysis, accounting, and operations\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePractical and informative, \u003ci\u003eStreetsmart Financial Basics for Nonprofit Managers\u003c\/i\u003e is the go-to financial management reference for nonprofit managers, boards of directors, and funders.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003eNote to Reader xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE Analysis 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 Structure of Nonprofit Organizations 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCorporations 3\u003c\/p\u003e \u003cp\u003ePrograms 6\u003c\/p\u003e \u003cp\u003eHybrid Corporations 8\u003c\/p\u003e \u003cp\u003eLoss of Tax-Exempt Status: The Monster Within 14\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Mission: Managing Your Two Bottom Lines 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Role of a Value System 18\u003c\/p\u003e \u003cp\u003eThe Nonprofit’s Dilemma and How to Solve It 20\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Accounting as a Second Language: A Nine-Point Program 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Entity Principle 23\u003c\/p\u003e \u003cp\u003eMoney Measurement 24\u003c\/p\u003e \u003cp\u003eConservatism Principle 24\u003c\/p\u003e \u003cp\u003eThe Cost Concept 26\u003c\/p\u003e \u003cp\u003eThe Materiality Principle 27\u003c\/p\u003e \u003cp\u003eGoing Concern 29\u003c\/p\u003e \u003cp\u003eDual Aspect 30\u003c\/p\u003e \u003cp\u003eRealization Principle 32\u003c\/p\u003e \u003cp\u003eMatching Principle 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Assets Are for Boards, Activities Are for Managers 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eConcepts Versus Details 36\u003c\/p\u003e \u003cp\u003eBoards Invest, Managers Spend 37\u003c\/p\u003e \u003cp\u003eIf It Has to Be Decided Today, It’s Probably the Wrong Question 38\u003c\/p\u003e \u003cp\u003eBoards Own the Controls, Managers Implement Them 38\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Balance Sheets: How They Get That Way 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCurrent Assets (from IRS Form 990, page 11) 40\u003c\/p\u003e \u003cp\u003eNoncurrent Assets 43\u003c\/p\u003e \u003cp\u003eCurrent Liabilities 45\u003c\/p\u003e \u003cp\u003eNoncurrent Liabilities 45\u003c\/p\u003e \u003cp\u003eMaking the Balance Sheet Dance 49\u003c\/p\u003e \u003cp\u003eTransparency, Thy Name Is IRS Form 990 52\u003c\/p\u003e \u003cp\u003eWhat to Do 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Financial Analysis: A Few Analytical Tools 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancial Statement Analysis for Math Phobics 68\u003c\/p\u003e \u003cp\u003eCurrent Ratio 75\u003c\/p\u003e \u003cp\u003eDays’ Cash 77\u003c\/p\u003e \u003cp\u003eDays’ Receivables 79\u003c\/p\u003e \u003cp\u003eCash Flow to Total Debt 81\u003c\/p\u003e \u003cp\u003eDebt to Net Assets 82\u003c\/p\u003e \u003cp\u003eOperating Margin 85\u003c\/p\u003e \u003cp\u003eAccounting Age of Plant\/Equipment (or Land, Buildings, and Equipment) 86\u003c\/p\u003e \u003cp\u003eA Footnote 87\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Beyond the C3: Alternate Corporate Structures 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCommonly Available Structures 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO Accounting 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Nonprofit Accounting: Acknowledging the Strings Attached 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNet Asset Categories 98\u003c\/p\u003e \u003cp\u003eOther Provisions 99\u003c\/p\u003e \u003cp\u003eWhat It All Means 99\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Cost Accounting: How Much Does It Cost? 103\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Form of Management Accounting 104\u003c\/p\u003e \u003cp\u003eIndirect Costs 106\u003c\/p\u003e \u003cp\u003eCertain Support Costs Get Assigned to Other Support Costs 106\u003c\/p\u003e \u003cp\u003eBreakeven Analysis—Another Use for Cost Data 110\u003c\/p\u003e \u003cp\u003eCost Accounting versus Cost Reporting 113\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Auditing: Choosing and Using an Auditor 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAudit, Review, and Compilation 117\u003c\/p\u003e \u003cp\u003eThe Auditor Market 119\u003c\/p\u003e \u003cp\u003eGetting Value from the Audit 122\u003c\/p\u003e \u003cp\u003eConclusion 124\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE Operations 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 Cash Is King 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUp the Balance Sheet 128\u003c\/p\u003e \u003cp\u003eHow Much Cash Is Enough? 141\u003c\/p\u003e \u003cp\u003eConclusion 145\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 Capital: Not a Four-Letter Word 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSources of Capital 148\u003c\/p\u003e \u003cp\u003eThe Mechanics of Capital Financing 150\u003c\/p\u003e \u003cp\u003eThe Present Value of Money 156\u003c\/p\u003e \u003cp\u003eThe Great Divide among Nonprofits 157\u003c\/p\u003e \u003cp\u003eFuture Access to Capital Markets 159\u003c\/p\u003e \u003cp\u003eThe Role of Net Assets 161\u003c\/p\u003e \u003cp\u003eStrategic Capital Management 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 13 Budgeting: Taming the Budget Beast 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePlaying Revenues Like a Symphony 165\u003c\/p\u003e \u003cp\u003eExpenses 166\u003c\/p\u003e \u003cp\u003eConclusion 176\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 14 Indirect Costs and Other Despised Items 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRules Govern Audits, Economics Rules Budgets 179\u003c\/p\u003e \u003cp\u003eStill, It’s Low That Counts 182\u003c\/p\u003e \u003cp\u003eSecrets of the Indirect Cost Game 185\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 15 Managing Money-Losing Programs 191\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Origin of the Problem 192\u003c\/p\u003e \u003cp\u003eSolutions 192\u003c\/p\u003e \u003cp\u003eOther Sources of Value 192\u003c\/p\u003e \u003cp\u003eDing Ding Ding Ding Ding! 194\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 16 The Milestones of Spending on Overhead Costs 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 17 Pricing: How Much Should It Cost? 205\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePricing Methodologies 208\u003c\/p\u003e \u003cp\u003eGoing the Other Way—Contractual Adjustments and Subsidies 212\u003c\/p\u003e \u003cp\u003ePricing Strategies 213\u003c\/p\u003e \u003cp\u003eHow to Price 214\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 18 Profit: Why and How Much? 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProfit Defined 217\u003c\/p\u003e \u003cp\u003eUses of Profit 218\u003c\/p\u003e \u003cp\u003eProfit—How to Get It 226\u003c\/p\u003e \u003cp\u003eWhat Can Be Done 228\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 19 To Raise More Money, Think Cows 229\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDonations 230\u003c\/p\u003e \u003cp\u003eBequests—Cow to Charity 230\u003c\/p\u003e \u003cp\u003eCharitable Remainder Trusts—Milk to Beneficiaries, Cow to Charity 230\u003c\/p\u003e \u003cp\u003ePooled Income Funds—Donors Put Their Cows in a Herd, Keep Rights to Milk 233\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 20 Owning a Building: What’s in It for You? 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Three-Part Calculation 236\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 21 Insurance: The Maddeningly Complicated Art of Covering Your Assets 239\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTo Insure or Self-Insure? 241\u003c\/p\u003e \u003cp\u003eRisk Management 242\u003c\/p\u003e \u003cp\u003eCaptive Insurance Companies 245\u003c\/p\u003e \u003cp\u003eQuality Assurance in Disguise 246\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 22 Internal Controls for External Goals 249\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Elements of Internal Control 251\u003c\/p\u003e \u003cp\u003eHow to Monitor the System 264\u003c\/p\u003e \u003cp\u003eMaintaining the System 266\u003c\/p\u003e \u003cp\u003eConclusion 268\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 23 Scrutiny Intensifies 269\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSome Predictions 272\u003c\/p\u003e \u003cp\u003eThe Growing Industry of Charity Watching 274\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 24 Management Controls: Toward Accountability for Performance 279\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eManagement Controls circa 1980 280\u003c\/p\u003e \u003cp\u003eBeyond Management Controls in the Twenty-First Century: How to Do It 281\u003c\/p\u003e \u003cp\u003eMessages 281\u003c\/p\u003e \u003cp\u003eHow to Prepare—Changes in the CFO Role 283\u003c\/p\u003e \u003cp\u003eIt’s Called Accounting for a Reason 286\u003c\/p\u003e \u003cp\u003eAppreciate the Abrupt Change 287\u003c\/p\u003e \u003cp\u003eFrame the New Role 288\u003c\/p\u003e \u003cp\u003eMeet Your New CFO 288\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FOUR Planning, Control, and Miscellaneous 289\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 25 Finance Is Oil, Development Is Water 291\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIt’s All about Time 291\u003c\/p\u003e \u003cp\u003eThe Fix 293\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 26 When Do You CFO? 295\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDIY 296\u003c\/p\u003e \u003cp\u003eThe Financial Tasks Multiply 296\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 27 Business Models and Business Plans 301\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFirst the Model, Then the Plan 302\u003c\/p\u003e \u003cp\u003eHow to Build Your Business Model 304\u003c\/p\u003e \u003cp\u003eWhat, Exactly, Is a Business Plan? 305\u003c\/p\u003e \u003cp\u003eWhat Is in a Business Plan (Usually…)? 306\u003c\/p\u003e \u003cp\u003eStart-Up Nonprofits 306\u003c\/p\u003e \u003cp\u003eThe Restructuring Nonprofit 307\u003c\/p\u003e \u003cp\u003eNew Program or Division 308\u003c\/p\u003e \u003cp\u003eGoals Drive the Plan 309\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 28 How to Beat the Next Recession 311\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstand the Demand Pattern for Your Services 312\u003c\/p\u003e \u003cp\u003ePrepare for Reductions—in New Services 312\u003c\/p\u003e \u003cp\u003eAnticipate Foundation Behavior 313\u003c\/p\u003e \u003cp\u003eProactively Communicate with Your Staff 314\u003c\/p\u003e \u003cp\u003eConsider Repurposing Your Reserves 315\u003c\/p\u003e \u003cp\u003eStay Calm 315\u003c\/p\u003e \u003cp\u003eAppendix A A Financial Management Cultural Primer 317\u003c\/p\u003e \u003cp\u003eAppendix B Budget Bloopers 323\u003c\/p\u003e \u003cp\u003eAppendix C Using the Website: Table of Contents with Commentary 327\u003c\/p\u003e \u003cp\u003eIndex 333\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Business \u0026amp; management [\u003ca title=\"See our other books on Business \u0026amp; management\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Business%20\u0026amp;%20management%20%5BKJ%5D%22\"\u003eKJ\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52421395808536,"sku":"9781119061151","price":37.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781119061151.jpg?v=1784594949","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/streetsmart-financial-basics-for-nonprofit-managers-paperback-softback-9781119061151","provider":"Freshly Printed Books","version":"1.0","type":"link"}