Streetsmart Financial Basics for Nonprofit Managers

THOMAS A. McLAUGHLIN is a manager in the division of tax-exempt and governmental services of the accounting and consulting firm, BDO Seidman. Having served as director of several social service agencies, he has more than 20 years of nonprofit management experience. He is also an adjunct professor at the Boston University School of Social Work and the nonprofit columnist for the Boston Business Journal.

ANALYSIS; Organizational Structure: Programs and Corporations; Mission: Managing Your Two Bottom Lines; Balance Sheets: How They Get That Way; Financial Analysis: A Few Diagnostic Tools; ACCOUNTING; Nonprofit Accounting: Acknowledging the Strings Attached; Cost Accounting: How Much Does It Cost?; Auditing: Choosing and Using an Auditor; OPERATIONS; Cash Flow Management: Why Cash Is King; Capital: Why Capital Is Not a Four-Letter Word; Budgeting: Taming the Budget Beast; Pricing: How Much Should It Cost?; Profit: Why and How Much?; CONTROL; Internal Controls for External Goals; Management Controls: Toward Accountability for Performance; Appendix; Index.