Explain the term- not-for-profit organisations, Financial Accounting

Assignment Help:

Explain the term- Not-for-profit organisations

There are many organisations that don't exist mainly for the pursuit of profit. Instance include:

?charities

?clubs and associations

?universities

?local government authorities

?national government departments

?churches

?trade unions.

Such organisations also need to produce accounting information for decision making purposes. Different user groups need accounting information about these kinds of organisation to help them to make decisions. These groups are often the same as, or similar to, those recognized for private-sector businesses. They may have a stake in future viability of organisation and may use accounting information to check that wealth of the organisation is being properly controlled and employed in a way which is consistent with its objectives.

 


Related Discussions:- Explain the term- not-for-profit organisations

Financial information, The enhancing qualitative characteristic of understa...

The enhancing qualitative characteristic of understand ability means that information should be understood by a those who are experts int eh interpretation of financial information

Net realizable value of the accounts receivable, After the accounts are adj...

After the accounts are adjusted at the end of the year, Accounts Receivable has a balance of $215,000, Uncollectible Accounts Expense has a balance of $17,500, and Allowance for Do

Compute the maximum profit, Question: Vinak Ltd., which produces three ...

Question: Vinak Ltd., which produces three products provides you the following data for 2008-2009.

Abraham maslow''s hierarchy of needs theory, Motivation is said to be an in...

Motivation is said to be an internal state that energises an individual to engage in certain types of behaviours. This process is triggered when the individual experiences certain

Asking price, The price stages are that at which sellers recruit securities...

The price stages are that at which sellers recruit securities to borrowers.

Application information-executorship law and accounts, Application Informat...

Application Information The application must include information as to: The full name of the deceased; The death and place of his death; Whether or not the decease

Mortgage, Ask questiJohn’s away at the moment, and his email provider has a...

Ask questiJohn’s away at the moment, and his email provider has a size limit on the data that can be sent via email. What is a potential solution for John, and name a provider that

Maximum loss method, a,b,c carried on business and their profit and loss ra...

a,b,c carried on business and their profit and loss ratio 3:4:5.they decided dissolve the partnership as on 1st july,2011.the following balance sheet..... creditors-10000 loan A/c-

Asch experiments, Asch Experiments In these basics studies by Solomon ...

Asch Experiments In these basics studies by Solomon Asch, groups of seven or 8 people were put in a classroom and shown two cards by the experimenter. The first card had a mai

Estimate a linear joint demand curve, Pinapple Inc. is deciding how to pric...

Pinapple Inc. is deciding how to price its two lines of laptops, one of which is a light one for travel (which is called Light) and the other is a powerful one (called Power). Thes

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd