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Accounting is more than just budgeting for and recording costs. Applying the principles of managerial accounting can set you apart as an organization that establishes and achieves missionbased business goals. The managerial accounting approach outlined in this complete update of a classic text will help you to plan for the short and long terms by applying accounting principles to your unique nonprofit setting.The only book of its kind, this stepbystep guide focuses on accounting methods that fit the nonprofit world, such as responsibility accounting, life cycle costing, and activitybased accounting as an alternative to traditional cost reporting. Each method is explained and illustrated within the nonprofit context. New to this edition are current cost estimates, new or updated figures on breakeven analysis, lease alternatives, journal entries, and variable and fixed costs, and a quickreference glossary that will help you 'talk the talk.'The only accounting book you'll need to get your books in tiptop shape, this edition provides library managers the tools and methods to: Direct and monitor resources to communicate financial information Control costs using longterm forecasting Evaluate library services and boost performance Make smart buying decisions, especially for technologyWith more than 50 figures and examples illustrating libraryspecific scenarios, this stepbystep guide walks you through the process of forecasting, budgeting, evaluating performance, and analyzing costs. Nonprofit managers at all levels will be equipped to answer the perennial question, 'How are we doing?'
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer,
birth defects, or other reproductive harm.
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