|Adopt procedures that
ensure financial accountability, eliminate misunderstandings, and protect
the organization’s assets and viability
Not-for-profit executives are held accountable for every aspect of their organization, from legal issues, marketing, lobbying, and editorial functions to membership operations, budgeting, and of course, finance. Yet it is impossible for any one executive to give all of these areas all of the attention they need, all of the time. The smooth operation of the organization depends on the development of clear and effective policies and procedures that both reflect the executive’s vision and allow employees to practice them successfully. Edward McMillan’s revised and expanded Model Policies and Procedures for Not-for-Profit Organizations helps executives both strengthen their organization’s financial procedures and assure board members that they are meeting fiduciary responsibilities.
This latest edition of McMillan’s bestselling guide includes over 150 new model accounting and financial policy documents, as well as forms for such areas as internal control, office administration, and risk reduction. McMillan divides his resource into three sections–Internal Financial Statement Formats, The Chart of Accounts, and The Accounting and Financial Policies and Procedures Manual. Some of the new additions to the third and largest section include forms and procedures relating to:
An associated Web site contains all of the documents found in the book, allowing readers to download and customize them to fit their own organization’s needs. The author also includes a glossary of relevant terms and a full index for handy desk reference.
Not-for-profit financial managers, as well as accountants with not-for-profit clients, will find Model Policies and Procedures for Not-for-Profit Organizations to be an invaluable guide to sound fiscal and organizational structure.
|Table of Contents||List of Forms.
Section 1: Internal Financial Statement Formats.
Section 2: The Chart of Accounts.
Section 3: The Policies and Procedures Manual.
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