Tools for Making Decisions
In your initial post, describe available tools that can help organizations use financial information to make decisions (for example, comparing financial position and statements of activities).
Which tools would be most useful for your chosen organization, and why?
Support your post with sources and cite them according to current APA guidelines. Be sure to critically evaluate the concepts and related literature. Address the pro and con arguments.
Financial Planning Case Study
The nonprofit senior community (from the Riverbend City scenario in the multimedia piece in the Studies for this unit) has received the following information about financial problems for fiscal year 2018/2019:
- The federal grant for the SAFE program is going to be reduced by 30 percent.
- The Generis corporate grant for general support (unrestricted) is going to be eliminated.
- Individual contributions for general support (unrestricted) are expected to be reduced by 25 percent.
Using the information provided in the Riverbend City: Statement of Financial Position media piece in this unit, in your initial post, complete the Statement of Financial Position worksheet in the Resources for this assignment. Be sure to check all calculations in the worksheet to make sure it has been set up properly.