Student 's Guide For Academic Integrity At The University Of Oklahoma

1038 Words Feb 11th, 2015 5 Pages
Unit Three Financial Statements

Kevin Stokes

LSAL 4163

Professor Herskowitz

February 12, 2015

I certify that I have read A Student 's Guide to Academic Integrity at the University of Oklahoma, and this paper is an original paper composed by me for this course. Except where properly cited and attributed, it has not been copied or closely reworded from any other source and has not been submitted as a whole, or in part, for credit in any other course at OU or any other educational institution. It has not been created or submitted for any other purpose such as a job assignment at my workplace or any other agency.”

UNIT THREE FINANCIAL STATEMENT REVIEWS

Financial transparency is an important part of a healthy money culture in managing a nonprofit organization. Organizational longevity will result from mission related profits that will allow the firm to reinvest in the organization. These profits can be in the form on monetary or in-kind sources of income. Additional income can come of the form of government grants or contracts. The YMCA uses fee income as a highly utilized source of revenue. Investment income is an important source of revenue for nonprofit organizations in that those funds are not restricted to being spent on a particular source. Non-restricted funds give organizations flexibility. Investment income is also important to an organization’s portfolio in managing risk and covering shortfalls that may occur. In an effort to reach…

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