Nonprofit CFOs need to have a framework for financial management that facilitates their standing as “proficient financial managers”. More than ever, in today’s funding environment, there is a need for and expectation of managers to prudently invest and manage available funds. Accountability and scrutiny are stepped up in the current Sarbanes-Oxley environment, and nonprofits are expected to be better risk managers and to have strong internal control systems. Financial fraud is becoming a key topic, and this book will give balanced and up-to-date guidelines for financial managers and board members.
Book Details:
- Author: John Zietlow
- ISBN: 9780470089897
- Year Published: 2007
- Pages: 624
- BISAC: BUS074000, BUSINESS & ECONOMICS/Nonprofit Organizations & Charities
About the Book and Topic:
Nonprofit CFOs need to have a framework for financial management that facilitates their standing as “proficient financial managers”. More than ever, in today’s funding environment, there is a need for and expectation of managers to prudently invest and manage available funds. Accountability and scrutiny are stepped up in the current Sarbanes-Oxley environment, and nonprofits are expected to be better risk managers and to have strong internal control systems. Financial fraud is becoming a key topic, and this book will give balanced and up-to-date guidelines for financial managers and board members.
Financial Management for Nonprofit Organizations: Policies and Procedures helps managers from diverse backgrounds learn to manage their organization’s money. It includes detailed explanations of the prudent investor rule, increased scrutiny and accountability of nonprofits; organizational risks and risk management; internal controls climate emanating from Sarbanes-Oxley legislation; revised “watchdog” criteria of effectiveness; financial planning and modeling; strategic management and how it interfaces with finance, along with the much greater involvement in this that is now expected by CFOs; basics of a nonprofit balanced scorecard; financial ratios; how raters view the organization; tax-exempt financing; social enterprise evaluation and financing; and nonprofit accounting. The book addresses the needs of all types and sizes of organizations, from small religious groups and community social service agencies to major cultural institutions and colleges and universities.
AUTHOR PLATFORM: John Zietlow is a respected financial professional who is active on the presentation and lecture circuit, focusing on financial issues as they relate to nonprofit organizations. CASE STUDIES: Extensive use of real-world case studies to help explain financial concepts described in this book. POLICIES AND PRACTICES: Offers dozens of sample policies that can be implemented by any nonprofit to help them practice sound financial management. ANCILLARY MATERIALS: Includes tables to summarize “dense” information, especially with regard to cash management techniques, investment instruments and their attributes, and legal information. Also includes checklists on short-term investment policy, long-term investment policy, risk management, internal controls, and check fraud prevention.
About the Author
John Zietlow (Canton OH) is a professor of finance at malone College in Canton OH teaching corporate finance, investments, short-term financial management, personal finance, and macroeconomics. He has conducted cash management training for corporate and bank audiences for eight years for the Association for Financial Professionals (AFP). He has coauthored Short-Term Financial Management, 3rd edition, 2005 (South-Western/Thomson Learning). Zietlow also recently wrote a chapter on “Investment Strategies” for a forthcoming book on nonprofit strategies (to be published by The Foundation Center), as well as a seminar course manual and dozens of articles and academic presentations on financial topics. JoAnn Hankin (Incline Village NV) is a nationally recognized consultant in the field of fundraising and financial/administrative management for nonprofits.. Alan G. Seidner (Arroya Grande CA) is president of Alan Seidner & Company, an investment and management consulting firm. They are both coauthors (along with Zietlow) of Financial Management for Nonprofit Organizations (Wiley).