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Cost Accounting Practices

Cost Accounting Practices. The Urban Institute. Center on Nonprofits and Philanthropy. Tom Pollak ARNOVA Annual Conference November 2002 Montreal Canada. Research Questions.

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Cost Accounting Practices

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  1. Cost Accounting Practices The Urban Institute Center on Nonprofits and Philanthropy Tom Pollak ARNOVA Annual Conference November 2002 Montreal Canada

  2. Research Questions • Do nonprofits have the technical and accounting infrastructure to meet both their internal and external reporting needs? • Internal – track fundraising costs & efficiency, overall and by tactic • External – Audit and Form 990 requirements • Does the infrastructure make a difference? The Urban Institute Center on Nonprofits and Philanthropy

  3. Three Elements for Tracking Activities • Labor • Other costs – invoices, bills • Revenue The Urban Institute Center on Nonprofits and Philanthropy

  4. Number of Respondents by Major Category

  5. Number of Fundraising Tactics by Budget Size

  6. Accounting Systems Source: Urban Institute, Financial Reporting Survey, 2002 (n=490)

  7. Use Software to Track Fundraising Revenue?

  8. Were your financial statements audited by an Independent CPA last year?

  9. Form 990 completed by auditor?

  10. Track Fundraising Revenue by Fundraising Method? p < .07

  11. DELETE ---Number of Fundraising Tactics by Budget Size

  12. Use Software to Track Fundraising Revenue?

  13. Use Software to Track Fundraising Revenue?

  14. Invoices or bills coded by functional expense category?

  15. Track staff time by functional expense category for each payroll period?

  16. Track expenses by fundraising method?

  17. Track staff time by fundraising method?

  18. Conclusions • Internal use • Does more elaborate revenue tracking make a difference? • Do more refined cost accounting procedures make a difference? • Further research: • Quantitative performance measures • Perceptions of costs and benefits • External reporting • Technology and accounting resources are widely available and distributed The Urban Institute Center on Nonprofits and Philanthropy

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