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    Npo Mcs

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    Deepak Saini
    This document provides information about not-for-profit organizations. It discusses that non-profits are formed for charitable or social purposes rather than earning profits. They have characteristics like absence of profit motive, contributed capital, and fund accounting. Non-profits have separate legal entity status, their main motive is service, they can take various forms like trusts or societies, and profit is not their main motivator. They are funded through subscriptions, donations, grants, and investments. Non-profits must prepare annual financial statements including a receipts and payments account, income and expenditure account, and balance sheet. Management controls for non-profits include pricing services at full cost, strategic planning and budgeting, and evaluating operations.

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    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd

    Npo Mcs

    Uploaded by

    Deepak Saini
    343 views14 pages
    This document provides information about not-for-profit organizations. It discusses that non-profits are formed for charitable or social purposes rather than earning profits. They have characteristics like absence of profit motive, contributed capital, and fund accounting. Non-profits have separate legal entity status, their main motive is service, they can take various forms like trusts or societies, and profit is not their main motivator. They are funded through subscriptions, donations, grants, and investments. Non-profits must prepare annual financial statements including a receipts and payments account, income and expenditure account, and balance sheet. Management controls for non-profits include pricing services at full cost, strategic planning and budgeting, and evaluating operations.

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    This document provides information about not-for-profit organizations. It discusses that non-profits are formed for charitable or social purposes rather than earning profits. They have characteristics like absence of profit motive, contributed capital, and fund accounting. Non-profits have separate legal entity status, their main motive is service, they can take various forms like trusts or societies, and profit is not their main motivator. They are funded through subscriptions, donations, grants, and investments. Non-profits must prepare annual financial statements including a receipts and payments account, income and expenditure account, and balance sheet. Management controls for non-profits include pricing services at full cost, strategic planning and budgeting, and evaluating operations.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    343 views14 pages

    Npo Mcs

    Uploaded by

    Deepak Saini
    This document provides information about not-for-profit organizations. It discusses that non-profits are formed for charitable or social purposes rather than earning profits. They have characteristics like absence of profit motive, contributed capital, and fund accounting. Non-profits have separate legal entity status, their main motive is service, they can take various forms like trusts or societies, and profit is not their main motivator. They are funded through subscriptions, donations, grants, and investments. Non-profits must prepare annual financial statements including a receipts and payments account, income and expenditure account, and balance sheet. Management controls for non-profits include pricing services at full cost, strategic planning and budgeting, and evaluating operations.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
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    Not For Profit Organisation

    Presented By:Deepak Saini-11BSP1937 Yatin Mundeja-11BSP1229

    Non Profit Organizations


    A

    non profit organization, as defined by law, is an organization that cannot distribute assets or income to, or for the benefit of, its members, officers, or directors. which are formed not for earning profits but for a charitable or social purpose are called as not for profit organisations.

    Organisations

    Special Characteristics
    Absence

    of the profit measure capital

    Contributed Fund

    accounting

    Governance

    FEATURES
    1) 2) 3) 4) 5) 6) Separate legal entity Service motive Form Profit- not a motivator Funding Accounts

    Separate legal Entity

    According to the principle of separate legal entity, a not for profit organisation is an separate entity independent of its members. These are the separate entity promoted by individuals or companies, but these are not owned by the promoters or managers.

    Service Motive
    These organisations are formed
    For For

    welfare of the society. providing services to its members. motive is to provide services.

    Main

    Form

    Charitable hospitals Schools Trusts Colleges Clubs

    Hospitals
    Societies

    Profit not a motivator


    NPOs do not operate with the objective of earning profits. Their aim is to promote art, science, commerce, religion, culture, education, charity, sports etc.

    Some NPOs may involve in trading activities


    Main objective is not to earn the profit but to benefit the members and society. Any excess of income over expenditure is termed as SURPLUS while any excess of expenditure over income is termed as DEFICIT.

    Funding
    The main sources of income of such organisations are:

    Subscriptions from members, Donations, Legacies, Grant-in-aid,

    Income from investments, etc.

    Accounts
    The

    Not-for-Profit Organisations are also required to prepare financial statements at the end of the each accounting period. have to prepare their final accounts at the end of the accounting period and the general principles of accounting are fully applicable in their preparation.

    They

    The final accounts of a not-for-profit organisation consist of the following:


    Receipt

    and Payment Account Income and Expenditure Account, and Balance Sheet.

    Management control system

    Product pricing: Many nonprofit organizations give inadequate attention to their pricing policies. Pricing of services at their full cost is desirable.

    Pricing for peripheral activities should be market-based. A nonprofit hospital should price its health care services at full cost, but prices in its gift shop should be market based.

    Management control system

    Strategic planning & budget preparation: In nonprofit organizations that must decide how best to allocate limited resources to worth-while activities, strategic planning is a more important & more time consuming process than in the typical business. Operation & evaluation: In most nonprofit organizations, there is no way of knowing what the optimum operating costs are. Responsibility center managers, therefore, tend to spend whatever is allowed in the budget, even though the budgeted amount may be higher than is neccesary. Many organizations have had increasing difficulty in raising funds, especially from government resources.

    THANK YOU

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