Your homeless shelter managed to receive a clean health inspection report during the follow up visit. Your recommendations have enabled the board of directors to start and maintain a viable nonprofit organization helping homeless individuals in your town. Now they would like an analysis of the financial situation and a report to share with stakeholders. Compile the information you have generated for your homeless shelter throughout this course. Focus on the financial information, including your costs and budgeting information.

With this information in mind, outline the necessary elements for conducting the analysis and reporting results. Consider the following questions in your compilation:

• What are the personnel needs of analysis and reporting for the board?
• How much should it cost?
• What kind of information will the board be asked to supply?
• Where can the board obtain this kind of information?

You might find the CPA Class Web site a valuable resource for completing this component of the projectespecially the Annual Report Project.

Answer rating: 100% (QA)

To conduct the financial analysis and reporting for the homeless shelter the board will need personnel with expertise in financial management accounti... View the full answer