This resource for nonprofit managers and board members simplifies accounting concepts and provides practical advice that can help nonprofits achieve a higher degree of accountability. Clearly written, concise, and insightful, the second edition of the popular resource explains in plain English how to read, interpret, and implement financial data from bookkeepers and accountants to make management decisions that ensure an organization's long-term financial viability. Thomas A. McLaughlin has over 25 years of nonprofit experience as a nonprofit manager, trade association executive, and consultant. He is nationally recognized as an expert in nonprofit mergers and alliances, financial management, and strategic planning. 
                 
            
            
            
            
                
                    Pt. 1  Analysis  1 
Ch. 1  Organizational Structure: Programs and Corporations  3 
Ch. 2  Mission: Managing Your Two Bottom Lines  19 
Ch. 3  Accounting as a Second Language - A Nine-Point Program  25 
Ch. 4  Assets Are for Boards, Activities Are for Managers  37 
Ch. 5  Balance Sheets: How They Get That Way  41 
Ch. 6  Financial Analysis: A Few Diagnostic Tools  67 
Pt. 2  Accounting  89 
Ch. 7  Nonprofit Accounting: Acknowledging the Strings Attached  91 
Ch. 8  Cost Accounting: How Much Does It Cost?  99 
Ch. 9  Auditing: Choosing and Using an Auditor  111 
Pt. 3  Operations  121 
Ch. 10  Cash Flow Management: Why Cash Is King  123 
Ch. 11  Capital: Why Capital Is Not a Four-Letter Word  141 
Ch. 12  Budgeting: Taming the Budget Beast  157 
Ch. 13  Indirect Costs and Other Despised Items  171 
Ch. 14  Pricing: How Much Should It Cost?  179 
Ch. 15  Profit: Why and How Much?  193 
Ch. 16  To Raise More Money. Think Cows  205 
Pt. 4  Control  211 
Ch. 17  Insurance: The Maddeningly Complicated Art of Covering Your Assets  213 
Ch. 18  Internal Controls for External Goals  219 
Ch. 19  Enron Spawn  239 
Ch. 20  Management Controls: Toward Accountability for Performance  249 
Appendix A  A Financial Management Cultural Primer  257