Nonfinancial Performance Measures. The Little Feet Dance Association is a performing arts program in an urban area.

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Nonfinancial Performance Measures. The Little Feet Dance Association is a performing arts program in an urban area. It was established to increase appreciation for dance among youth and strengthen social bonds in the community. The association has been in existence for several years, and it has recently attracted the attention of several governmental, foundation, and private donors who support its cause. Prior to making a financial commitment, however, these funders have asked for documentation that the association is effective in accomplishing its goals. As a managerial accountant on the board of the Little Feet Dance Association, you have been asked to assist in responding to the funders’ request.

Required

a. Prepare a graphic or chart showing possible outputs and outcomes that could be expected from activities and expenditures of a not-for-profit organization such as Little Feet Dance Association. b. List two indicators that could be used to measure whether the association met each of its intermediate and end outcomes.

c. What questions do you anticipate potential funders will have when reviewing the outcomes sequence chart and indicators that the association has put together?


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Accounting for Governmental and Nonprofit Entities

ISBN: ?978-0073379609

15th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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