 FIN 380 Week 1 Individual Assignment Nonprofit Organization Overview  FIN 380 Week 1 DQ 1  FIN 380 Week 1 DQ 2  FIN 380 Week 1 DQ 3  FIN 380 Week.

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Presentation transcript:

 FIN 380 Week 1 Individual Assignment Nonprofit Organization Overview  FIN 380 Week 1 DQ 1  FIN 380 Week 1 DQ 2  FIN 380 Week 1 DQ 3  FIN 380 Week 1 Summary  FIN 380 Week 2 Individual Assignment Ethics Scenario  FIN 380 Week 2 DQ 1  FIN 380 Week 2 DQ 2  FIN 380 Week 2 DQ 3

 FIN 380 Week 1 DQ 1  What are some common goals for financial managers? How do goals of a nonprofit organization’s financial manager differ from goals of a for-profit organization’s financial manager? Explain your rationale. When answering this question, please use a few examples of not-for-profit entities you are familiar with.

 FIN 380 Week 1 DQ 2  What are the organizational benefits of strategic planning to a nonprofit organization? Which is most important? Explain your answer. Explain your rationale. When answering this question, please use a few examples of benefits to a typical strategic planning session.

 FIN 380 Week 1 DQ 3  What are some ethical challenges faced by nonprofit organizations? What may a nonprofit organization do to address these challenges? Explain your answer. Explain your rationale. When answering this question, please use a few examples of current ethical challenges the media has reported on.

 Week 1 Individual Assignment Nonprofit Organization Overview  Write a 350- to 700-word paper in which you contrast nonprofit and  for-profit businesses. Include the following points:  Organizational characteristics of nonprofit and for-profit  organizations  Types of activities for nonprofit and for-profit organizations  The relationship of the organization’s mission to strategic  planning

 Write a summary in words what u have learnt this week

 FIN 380 Week 2 DQ 1  What are purposes of financial statements in nonprofit organizations? How do financial statements differ at nonprofit and for-profit organizations? What information appears on more than one statement? How do financial statements at a nonprofit organization relate to each other?

 FIN 380 Week 2 DQ 2  List and describe two internal financial statements that may be used at a nonprofit organization. What is the importance of each one? Are these essential for a nonprofit organization? Why or why not? Explain your answer. Explain your rationale. When answering this question, please let us know which statement you feel is the most important.

 FIN 380 Week 2 DQ 3  Define restricted and unrestricted assets. Provide examples. What are advantages of possessing and utilizing restricted assets to nonprofit financial management?

 Write a 700- to 1,050-word paper, addressing the following  scenario:  You are the new financial manager at Peart Services, a nonprofit  organization that works to alleviate poverty. As you review last  quarter’s financial statements, you realize a large donation,  restricted to buying food for the soup kitchen program, was used to  pay administrative expenses.  Address the following in your paper:  Identify the ethical dilemma.  Describe possible ways to address the dilemma.

 Write a summary in words what u have learnt this week

 FIN 380 Week 3 DQ 1  What activities are necessary to liquidity management? How does liquidity management contribute to a nonprofit organization’s mission? How is liquidity management used in your organization or an organization with which you are familiar? Explain your answer.

 FIN 380 Week 3 DQ 2  Is additional fundraising the best way to alleviate cash shortages? Why or why not? What alternatives may be effective? Provide examples to support your answer.

 FIN 380 Week 3 DQ 3  What are the steps to creating a cash budget? Which is most difficult? Explain your answer.

 Read the following scenario: Your Learning Team has been selected to conduct a financial reporting training to new financial managers at your nonprofit organization. Create a presentation in which your team trains new employees on the following financial statements: statement of financial position, statement of activities, and statement of cash flows. Prepare a 7- to 10-slide Microsoft® PowerPoint® presentation, addressing the following topics: Describe each financial statement.  Differentiate between nonprofit and for-profit financial statements.  Explain what internal financial statement would support each organization.

 Write a summary in words what u have learnt this week

 FIN 380 Week 4 DQ 1  What are advantages and disadvantages of long-range financial planning? What do nonprofit organizations do to improve long-range financial planning?

 FIN 380 Week 4 DQ 2  What are potential budget shortfalls for a nonprofit organization? What are some solutions to such shortfalls? Provide examples to support your answer.

 Write a 700- to 1,050-word paper, addressing the following  scenario:  You have been hired as the Chief Financial Officer, a newly created position, for a rapidly growing nonprofit organization that sells discounted clothing. The organization rents a building, mortgaged at an adjustable rate, to another entity. Beginning next year, the mortgage interest rate will increase and monthly expenses will exceed monthly revenue. You estimate you will exhaust the account in six months.

 Write a summary in words what u have learnt this week

 FIN 380 Week 5 DQ 1  What is risk management? Why is risk management important to nonprofit financial management?

 FIN 380 Week 5 DQ 2  What risks do nonprofit organizations face? Who must reduce these risks? Select one risk facing nonprofit organizations. What may be done to address this?

 Select an existing nonprofit organization.  Write a 1,050- to 1,400-word paper, addressing the following topics:  A description of the organization and its mission, programs, and  services  An outline of a relevant long-range financial planning process  Suggestions of long-term financial objectives for the nonprofit  organization’s strategic plan, based on available information  Resources the organization would need to meet financial  objectives

 Resources: Risk Management Plan Template and information about selected organization  Create a basic risk management plan, using the Risk Management Plan Template. The plan must include information on how you will manage risk in financial assets, physical assets, human resources, and officer & director liability.

 Write a summary in words what u have learnt this week ​ 