It is an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals.[2] Examples of NPOs include charities (i.e., charitable organizations)
In India, NPOs are commonly known as Non-Governmental Organizations (NGOs).
The main objectives of an ngo is to prompote social wlfare.It can pursue some wider social aim that has political aspects.
is a legally constituted organization created by natural or legal persons that operates independently from any government.
To make a profit.
profit seeking organization goal would be to maximize owners' wealth
The primary goal of financial management is to increase the market value of the owners equity . for non profit organization this goal would need modified . one suggestion would be to maximize the value of the service rendered to society given the resources available to the organization
Organizations exists for a defined purpose and this purpose defines objectives of an organization. Objectives differ from organization to organization that why every organization perform differently than other with different objectives.
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To make a profit.
To make a profit.
The primary objectives of the accounting function in an organization are to process financial information and to prepare financial statements at the end of the accounting period.
a non profit organization
The job of a financial manager in a nonprofit organization is different from a financial manager with a profit-seeking firm. These people will handle money in different ways.
The job of a financial manager in a nonprofit organization is different from a financial manager with a profit-seeking firm. These people will handle money in different ways.
profit seeking organization goal would be to maximize owners' wealth
There are several non-profit organizations to help reduce debt. American Financial Solutions if one non-profit company that provides free credit counseling and financial education.
The objective of financial management is wealth maximization rather than profit maximization. Wealth maximization means the total value of the firm.
The Girl Scout troop is part of a non-profit organization. The Girl Scout council is the organization which receives non-profit status. The council is responsible for the non-profit financial status of all the troops and individual members of the council.
What is police organization and their objectives
Like any other organization, financial manager's job is to monitor and control the financial health of the organization and taking corrective mesures when required. In a non-profit organization, the profits will not be used by the sponsors or stakeholders but will be used towards achieving the organizations vision or goal.