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A Comparative Assessment of Nonprofit Directors Interests in Accounting and Finance Related Continuing Education Opportunities
Susan M. Moncada,
Indiana State University
ABSTRACT. Executive directors from 61 nonprofit organizations and their board members were surveyed to identify financial services issues essential for administrators to accomplish their entity’s mission and goals. The top ten issues revealed were: 1) cost saving tactics for nonprofits, 2) analyzing financial statements, 3) budgeting techniques, 4) cost volume profit analysis of programs and services, 5) the legal liability of board members, 6) capital budgeting, 7) assessing internal controls, 8) cash management, 9) responsibilities of the finance committee, and 10) acquiring gifts of present interests, stocks and real estate. Individuals also identified continuing education interests and venue preferences. (Funding provided by the Networks Financial Institute, an initiative of Indiana State University and the Lilly Foundation.)
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