July 25, 2002 | Read Time: 1 minute
Streetsmart Financial Basics for Nonprofit Managers, Second Edition
by Thomas A. MacLaughlin
Nonprofit managers — especially those with no formal financial training — may need to do extra homework in matters of accounting and finance to keep up with the growing demand for sophisticated management, says Mr. MacLaughlin, a nonprofit management consultant in Boston.
“No longer is it enough just for one’s financial records to be in order; one must be able to demonstrate good financial systems in order to meet all the other rising demands on today’s nonprofit,” he says.
In this handbook for managers, the author sticks to the basics. One chapter called “Accounting as a Second Language” covers key definitions and concepts, while another, “Taming the Budget Beast,” provides supporting tables and checklists to dissect the process of creating a project budget. Mr. MacLaughlin also includes a section on statement analysis that he says is appropriate for “math phobics.”
This second edition contains new chapters on indirect costs, the insurance industry, and fund-raising and accounting principles. An accompanying CD-ROM contains spreadsheet templates for financial reports, word-processing checklists, and sample documents.
Publisher: John Wiley & Sons, 1 Wiley Drive, Somerset, N.J. 08875; (800) 225-5945; fax (800) 597-3299; http://www.wiley.com; 241 pages; $34.95; I.S.B.N. 0-471-20570-2.
