Description
The target is an small-size non-profit commerce organization. You can make up such organization and follow the procedures.
Complete independent research to support your discussion of the paper topic. A minimum of Five external sources from textbooks and/or UNLV Library peer-reviewed journals is required. Please review the "Research Paper Guidelines" document for helpful tips for completing the assignment.
Reporting Procedures. Discuss the following reports: Food costs/Labor costs/Other costs Sales reports Forecast reports |
Payroll Policies and Procedures Is there an HRIS or payroll system in use Discuss how payroll is administrated and who is in charge of payroll How often are employees paid |
Describe the annual budget process |
How does the organization measure their financial success |
Submission and Formatting Standards
Attach a WORD document or PDF file for your submission. Please note the following paper standards:
Minimum of 750 words (use Word Count under Microsoft Tools to ensure your submission meets the length standard). Submission Information (name, assignment name, etc.) or references do not count towards word requirement. |
No typographical or grammatical errors |
Double-spaced |
1-inch margins on the top, bottom, left, and right |
12-point font (Arial or Times Roman) |
Headings and, if appropriate, sub-headings used to help organize paper |
Introduction with thesis sentence and a “roadmap” that lets the reader know the subject of your paper |
Conclusion that summarizes your paper and reminds the reader what your paper was about |
Citations for any ideas not the student’s own are fully and accurately cited so a third party can easily find the original source (APA format). In-text citations and references must be presented for every source. Please paraphrase every sources No Similarities!!!!! |
Explanation & Answer
Hi, here is the completed assignment.Let me know if any changes are required.Thank you.
Running head: ACCOUNTING AND FINANCE RESEARCH PAPER
Accounting and Finance Research Paper
Student’s Name
Course Title
Date
ACCOUNTING AND FINANCE RESEARCH PAPER
2
Introduction
The major aim of non-profit organizations is to serve humanity/society by meeting
various needs ranging from health, education, social among other services. Making a profit is not
their priority and that is why they are tax-exempt (Anheier, 2006). This means that they do not
pay income tax on their grants while enjoying other benefits such as postal service discounts for
those in the United States, perpetual existence and credibility among others. Like any other
organization, nonprofit organizations also have to develop a strategy for all their operations to
ensure that the goals for which the nonprofit organizations exist are met (Moore, 2000). Among
the strategies ought to be a finance strategy which is a critical part of any organization for
purposes of accountability and remaining responsible. This research paper relates to a small-size
non-profit commerce organization and it describes food costs/labor costs, sales reports, forecast
reports, payroll policies and procedures, the annual budgeting process and lastly, the measures of
the organization’s financial success.
Food costs/Labor costs/other costs
For this small-size non-profit commerce organization, these costs (food, labor among
others) will be categorized under operating costs. In terms of operations, a small nonprofit
organization is similar to a profit organization because both organization types are focused on
sustainable growth and development which translates to cost minimization. As such, some of the
fixed costs at the organization are the labor costs, rent, utilities, internet, bills, and telephone
costs. The organization will be unable to run optimally without having settled these costs. Other
costs are the flexible or variable costs that e...
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