Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Theoritical financial ratios
Theoritical financial ratios
Financial ratio formulas
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Theoritical financial ratios
This is a short paper that uses the annual reports and form 990 for the past three years for Habitat for Humanity International (HFHI) in order illustrate and explain their financial information: two pie charts from last year annual report represent HFHI’s expenses and revenue and their relationship, does HFHI last reports satisfy FASB’s SFAS 117 (why or why not) and three years financial ratios (liquidity – current ration, capital – cash flow to total debt and profitability – total margin) to evaluate and analyze the changes in HFHI in the past three years. The following pie charts illustrate the revenue and expenses for HFHI in 2016 (highlight each pie section to get actual dollar amounts) (Habitat for Humanity International, 2017). As …show more content…
Miller, 2009). There are four statements required by the FASB 117: Statement of Activities (Income Statement or a profit and loss statement), Statement of Financial Position (Balance Sheet), Statement of Functional Expenses (only for welfare and voluntary health organizations) and Statement of Cash Flows (for accrual basis entities) (Shawn H. Miller, 2009). I believe that HFHI is in compliance with FASB SFAS 117 for they have three of the four (HFHI is not required to provide a Statement of Cash Flows). Our text by McLaughlin points out that compliance is not just sending in the necessary paperwork but also that the paperwork is in enough detail. Specifically, if a paid employee works on more than one program than that employee’s wages must be broken down between both programs and not just allocated to one program (McLaughlin, 2016, p. …show more content…
HFHI is in compliance with FASB’s SFAS 117 but might want to work on detailing what program(s) different employees are working on to properly allocate the expense of the employee. Lastly, based upon the liquidity, capital and profitability ratios, 2015 was not a good year but 2016 was an excellent year. References Habitat for Humanity International. (2017). Annual Reports and 990 Forms. Retrieved from Habitat for Humanity International. McLaughlin, T. A. (2016). Financial Basics for Nonprofit Managers. Hoboken: John Wily & Sons. Shawn H. Miller, C. (2009, May 17). Nonprofit Accounting Basics. Retrieved from GWSCPA:
Habitat for Humanity is a nonprofit organization dedicate to building homes for low-income individuals. This organization requires that potential homeowners assist in the building of their home or others to reduce the financing cost of homeownership. This paper focuses on the percentage of property tax revenue, two arguments in favor, and two arguments property tax breaks for Habitat of Humanity homeowner, and case resolution.
...imited – FAI was implementing detrimental provisioning practices, including among others failure to monitor claims lower than $100,000 and lack of clear methodology on how claims estimates were monitored. These reports were made in 1997, a year before HIH announced its proposed takeover of FAI in September of 1998.
Habitat for Humanity is a nondenominational and nonprofit Christian organization(Habitat for Humanity International). It is involved in the manufacturing and building of houses for those in need of an adequate shelter. Habitat for Humanity was established in 1976 and since, has built more than 150,000 attainable, sturdy houses
The Heritage Foundation is a conservative research organization whose main purpose is to influence conservative public policies that are based on personal freedoms, limited government intervention, free enterprise and promotion of basic American values. Heritage Foundation is an influential organization that has promoted policies within the United States for many years. The foundation is funded through direct mail fundraising from donors. Much private and public cooperation have funded the organizations course for many years. Presidents of the United States have worked with the organization so as to promote their policies within the government. Heritage Foundation is highly regarded by the government because of its conservative nature to the public policies.
The Interview was performed with Margaret Kato who holds the position of Human Resources Director for Genesee County Habitat for Humanity, located in Flint, Michigan.
The organization wants to perform at its best, but the toolkits it uses lack instruction regarding the implementation of Standards of Excellence and Elements of Success. I recommend that the organization rewrite the toolkit so that anyone who uses it knows what is expected at HBI and what it values. This will take time and experience because it is not easy to identify what is expected and how that should be used in your daily routine.
CHF is a determined fund that brings with it a goal to help the unfortunate and homeless children. This foundation has done much work to build such a strong financial support system for all its programs. They have been able to gather four different sources to help generate funds for their programs: private individuals corporate, aid by Congress and government health insurance programs. These programs and groups that are organized by the foundation are nearly in all parts of the country.
Annual Report 2012 Costco Wholesale: Year Ended September 2, 2012 [PDF document]. 1-7. Retrieved from Costco Wholesale Financial Reports:
Every day millions of people worldwide call our streets their home. In cases like these, people may need a helping hand; Habitat for Humanity is an organization working to put a roof over the worlds head, one house at a
Habitat for Humanity strives the bring fair living conditions to people worldwide. Ten million people die worldwide die each year to conditions related to substandard housing, and they are trying to change that statistic. 40 million American families find themselves in a situation where housing consumes more than 30% of their income. They can barely afford to pay for anything else in their life, because their house bill costs so much. Virtually nowhere in the US can a full-time minimum-wage employee afford a one-bedroom apartment, which is extremely unfortunate and means that either the minimum wage is too low, or the rent is too high. Either way, some policy needs to be made so working families have somewhere to live and do not become absolutely
audit of HIH. This may have also contributed to HIH’s ability to carry out aggressive
"Salary Reports, 2013 Wage Forecast, Market Compensation | WageWatch Ibrief Blog." WageWatch Ibrief Blog RSS 092. N.p., 30 Jan. 2013. Web. 15 Apr. 2014.
Habitat HQ Pty ltd. (2014). Habitat HQ Backpacker Hostel. Retrieved May 15, 2014 from http://www.habitathq.com.au/
World Hunger Education Service (2013). 2013 World Hunger and Poverty Facts and Statistics by World Hunger Education Service. Retrieved from http://www.worldhunger.org/articles/Learn/world%20hunger%20facts%202002.htm
The budget serves as a framework to allocate funds for each project; hence, a proper accounting of all sources of income and expenses should be reflected in the financial statements to support t...