Financial Management for Nonprofit Organizations

The revised and updated third edition of Financial Management for Nonprofit Organizations is an important guide to the myriad practical and ethical considerations for successful financial management of a nonprofit organization. The authors-noted experts in the field-reveal how nonprofits differ from the other sectors and explain how to responsibly govern and manage a nonprofit's finances.

The third edition puts the focus on the most current and proficient practices in nonprofit financial management. The book contains survey evidence from recent studies that examine the most effective financial tools and techniques and profiles business-sector practices that can be adopted by organizations in the nonprofit sector. In addition, the authors include case studies that highlight the best practices in financial management.

Comprehensive in scope, Financial Management for Nonprofit Organizations covers the wide range of practices including accountability structure, cash and liquidity reporting and management, budgeting, financial statements, investment policies and management, and other essential topics. The book is a practical resource written in accessible terms and contains a wealth of helpful forms and checklists.

No matter how large or small an organization, this book offers a hands-on resource for a range of nonprofit professionals. It is designed for treasurers with little or no practical experience as well as savvy board members, staff, chief executive officers, and chief financial officers. The leader of a nonprofit (regardless of his or her title) needs the knowledge, skill, and the ability to balance the nonprofit's mission in concert with effective management of the organization's funds.

Financial Management for Nonprofit Organizations is the indispensable resource for understanding how to reach a nonprofit's financial goal in a responsible and principled manner. It also continues to serve as a leading textbook for students preparing for nonprofit careers.