Budgeting/Financial Statements

Budget: Almost e very(prenominal) face has a predict that is to be followed by employees. For Churches they involve to make sure that they atomic number 18 spending their money in a way that follows the puzzle out to ensure that there are funds to be enforce for former(a) areas that are important for the administration to run effectively. Although the look-alike is often considered a working document, its purpose is to make estimates of incoming tense revenues and expense and this to serve as a attention bastard (Smith, 2000, p.296) Financial Statements: This statement can be multipurpose in comparing common types of expenses across functions and programs (Smith, 2000,). Many generation an organization non only uses their financial statement for leading in the organization to compare income and expenses but to give to other organizations and companies to federation and donate. Churches get some of their funds from the local organizations and I call back they have to supply them with copies of the financial statements to ground that they are working with a worthy and in need non-profit.

Review & synopsis: It is incumbent upon your organizations leadership, unremarkably the treasurer, to review the periodic financial statements in order to target errors, trends, and unusual transactions. (Smith, 2000, p.303) I believe that the reviewing and analyzing of the financial statements is a very important lift off of financial management. If management is not double-checking and analyzing not only could they be missing errors that are in the records but also they could be overlooking theft. Many eld ago there was a case of theft in my are a with a non-profit organization where an in! dividual that was thought to be very trustworthy take several thousand dollars.If you necessitate to get a full essay, order it on our website: OrderEssay.net

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