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Resource: Nonprofit Organization Revenue Origin Matrix
Complete the Nonprofit Organization Revenue Origin Matrix located on the student website.
Evaluate the pros and cons associated with the different sources of revenue available to a nonprofit organization using your completed matrix.
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What are the differences and similarities between nonprofit and for-profit organizations in terms of strategic planning and management?
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What are the different sources from which nonprofit organizations may seek funding? How might you determine whether a source of funding is appropriate for an organization?
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Complete, individually, the CareSafe Foster Systems Budget activity located on the student website.
Review the budget with your team members.
Write a 1,050- to 1,200-word paper answering the following questions as a team:
· What would you say to Dr. Drexel to help her understand the importance of a workable budget?
· What may be done to increase the size of CareSafe’s surplus? Cite at least four methods and discuss the pros and cons of each method. Which of these methods are the most feasible to implement? Explain your rationale.
· What, if any, problems do you foresee in CareSafe’s financial future? What may be done to prevent those problems?
Format the paper consistent with APA guidelines.
Submit the completed budget and your responses to the questions.
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What part does revenue projection play in the formation of a budget at a human service organization? How is revenue projection different in a human service organization as opposed to a for-profit organization?
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What are some common errors that might occur in the budget creation process? How might these errors be avoided?
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Review the Week Three objectives and discuss additional insights and questions that may have arisen.
Create a reference list as a team for the Week Four Learning Team Assignment: CareSafe Foster Systems Budget
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Resource: Financial Management for Human Service Administrators
Write 200- to 300-word responses to the following questions:
· What are the major accounting differences between nonprofit and for-profit organizations?
· Why are audits becoming increasingly important in the nonprofit sector? Cite at least three reasons.
Complete Exercises 4.1–4.3 in Ch. 4 of Financial Management for Human Service Administrators.
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What forces exist that encourage unethical accounting practices? What justification do you think accountants use for their unethical behavior? Why do you think efforts to change this have not been enacted? How might managers prevent unethical accounting practices in the workplace?
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What accounting issues does the Sarbanes-Oxley Act of 2002 address? Which of the act’s provisions apply to both nonprofit and for-profit organizations? Do you think the Sarbanes-Oxley Act of 2002 is an effective solution? Explain your answer.
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