NGO's FINANCIAL MANAGEMENT

NGO's Financial Management



NGO's Financial Management

The need to demonstrate the effectiveness of any business or organization worthy of attracting resources and transforming them into valued products/services is an entity's primary mission. A variety of methods has evolved over times, to measure a for-profit enterprise's performance. Economists have typically studied how well a firm manages the factors of production under its control, while accountants and financial analysts scrutinize a variety of analytical tests to determine current and future performance. Not-for-profit organizations have adopted many of the commercial sector's economic and accounting/financial techniques to gauge their performance. While economists and accountants ...