NGO Management - Indian NGO Funding Training Agencies Database

NGO Portal is a comprehensive knowledgebase of NGO’s and Non-Profits from India and around the world.
It contains a wealth of information regarding NGOs, NGO management, finalcial and legal aspects.
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NGO Portal is a comprehensive knowledgebase of NGO’s and Non-Profits from India and around the world.
It contains a wealth of information regarding NGOs, NGO management, finalcial and legal aspects.ngo database, ngo funding agencies, ngo india, indian ngos, international ngos, ngo training institutes
, financial management related ngos, legal aspects related ngos, fcra related ngo, income tax related ngo, registration related ngo,
provident fund related ngo, grants management in ngo, hr related ngo, developement jobs in ngo, consultants in ngo, admin related ngo,
vehicle management in ngo, travel related ngo, contracts in ngo, ngo news

Financial Management

Accounting - Accounting Objectives

Accounting: Language of the Business.  To define Accounting: “ the Process of identifying, measuring, and communicating economic information to permit informed judgments and decisions by users of the information:
 
a) It is an art of recording and classifying business transactions.  All accounting transactions are analysed in such a way that it becomes possible to prepare financial statements.
 
b) Events and transactions of a financial nature are recorded while events of non-financial nature are not.
 
c) It is an art of summarizing, analyzing and interpreting the business transactions.  The summarized information is analysed and interpreted by calculating ratios and percentages to evaluate the past and present performance.  This analysis helps to prepare a good financial plans for the future.
 
d) The basic aim of accounting is to create information in a form useful to the users.  Summaries of the transactions and events are reported through financial statements.  All the information should be provided in time to the users so that they are able to understand and analyse it.
 
Objectives:
 
a) To make crucial decisions with the available limited resources
b) Direct and control  organisations physical and manual resources
c) Maintaining systematic records and reporting on the protection of resources
d) Help in special functions and control the financial resources
 
Principles:
a) Accounting Concepts (Based on Logical considerations)
b) Accounting Conventions ( Practicable – include customs and traditions)
c) Accounting Standards (guidelines issued by Accounting Standards Board)
 
Term: GAAP: Generally Accepted Accounting Principles
 

How to choosea Bank

Bank Accounts 

Bank Reconciliation 

Cash and Acrual based Accounting  

Accounting and Accounting Objectives 

Asset Register  

Financial Statements 

Cash and Fund flow 

Cash Book  

Advances 

Budget Preparation 

Book Keeping  

Cost Effective Analysis 

Income Tax Slabs FY 2014-15 and AY 2015-16 

Read More.. cheque deposits.. availabiity of funds...



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