Non-profit organization Canadian Red Cross accounting assignment

User Generated

ivpxl1105039737

Writing

Description

In fact, it is not a 1500-word paper.

Please fill in the answers based on the questions in the form.

Please read the attachment materials carefully. thanks!

Unformatted Attachment Preview

MGMT 2101 Not-for-profit assignment Due in Class March 19 Student BOO# Student BOO# ________________ ________________ ________________ ________________ The instructions Refer to the annual report of the Canadian Red Cross (CRC) (posted on the course web site). Answer the questions in the template below. Add rows if you need them. Use full sentences, not point form. Please complete the document in Word and submit a printed copy. Research is not required for this project but cite sources if you have looked things up. Be careful to not plagiarize. The Questions 0-2 0-3 1. Who do you think would be the major users of these financial statements? What do you think these user groups want to know from the financial statements? 2. Read the mission of the CRC. In what ways are the financial statements helpful AND not helpful in evaluating whether CRC has accomplished its mission in 2014? 0-2 3. Explain the nature of the “deferred revenue” liabilities listed by the CRC (ie explain why they exist). (That is, deferred revenue, deferred contributions) 0-4 4. How would the financial statements be different if the restricted fund method were used instead of the deferral method for donations? 0-4 5. The statement of operations includes the budget. Why is this significant? How did they “do” compared to budget? Is this good or bad? 0-5 6. The statement of operations has a separate line item for “fundraising expenses”. Express this as a percentage of funds raised through “fundraising”. Why is this significant? Grade out of 20 ___________________
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Hi, Find attached the paper for your review.Let me know if you need anything edited or changed.Looking forward to working with you again in future.Thank you
Attached.

MGMT 2101 Not-for-profit assignment
Due in Class March 19

Student
BOO#
Student
BOO#

________________
________________
________________
________________

The instructions
Refer to the annual report of the Canadian Red Cross (CRC) (posted on the course web
site). Answer the questions in the template below. Add rows if you need them. Use full
sentences, not point form. Please complete the document in Word and submit a printed
copy. Research is not required for this project but cite sources if you have looked things
up. Be careful to not plagiarize.
The Questions
0-2

0-3

1. Who do you think would be the major users of these financial
statements? What do you think these user groups want to know
from the financial statements?
Financial statements provide lots of information to different users and
its main aim is to provide information concerning the financial
performance, position as well as transformation in the financial position
of an organization which is necessary for making decisions economic
wise. First, the organization's management requires this financial
statement so they can understand the cash flow, liquidity and expense of
the company after every year or month and make financial and
operational decisions concerning the organization. Second is the rating
agency that as well needs the financial statement so that it can provide a
credit rating to the entire company or its securities. Third, is the
government and its agencies they require it in order to allocate more
resources and activities of the organizations unit (Mook et al 2008).
Another is the organization’s employees they need to know the general
overview of the financial statement so that they can determine the
company’s stability and get assured of their jobs and it can also be used
in the discussion of salary and the state of the employment. Lastly is the
donors, they need to see these financial statements in order for them to
see where they can chip in to provide assistance to the ...


Anonymous
Just what I needed. Studypool is a lifesaver!

Studypool
4.7
Indeed
4.5
Sitejabber
4.4

Similar Content

Related Tags