Nonprofit financial statements

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Reference no: EM132242295

1. Nonprofit Financial Statements do not include a Profit/Loss Statement which is an important financial statement in the For-profit sector and is important for reflecting how well a business performed during the reported period. If a perspective donor asked you for this information for your nonprofit organization, how would you respond and what Financial Documentation would you use to present your nonprofits "Financial Performance"?

2. Discuss the purpose of the following nonprofit financial statements and what purpose they might serve in presenting your organization's financial standing to your board and potential donors: Statement of Financial Position, Statement of Activities, Statement of Cash Flows, and Statement of Functional Expenses

Reference no: EM132242295

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