The management of Not-For-Profit (NFP) organisations requires considerable care and diligence, and the financial affairs of such an organisation require careful attention. Just because the organisation itself does not exist to make a profit for itself, its activities must be profitable in order to be able to achieve its goals, objectives and aims.
At Clifton Accountants we have experience in auditing NFP organisations to assist you in your responsibilities and carrying out your duties for the organisation.
CPA Australia has produced an excellent resource titled "Financial Management of Not-For-Profit Organisations", which covers a range of topics including;
- understanding financial statements
- analysing financial health
- working capital management
- hints and tips
The document can be downloaded by following this link for a downloadable pdf document - Financial Management of Not-For-Profit Organisations by CPA Australia
For any queries you have regarding the management and auditing of your NFP, please contact Cliftons.