Accountants define an asset as: “…a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity.” [1]

Accountants define an asset as: “…a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity.” [1]

One of the challenges of teaching financial literacy is developing an assessment of where individual students and the entire class is at in regards to their knowledge and habits. The following self-assessment tool is a non-scientific method to perform this evaluation.

Clubs, societies and non-profit’s come in many shapes and sizes (see Volunteering Definitions for an overview of the differences). This discussion focuses on the question what are the core functions that occupy or consume volunteer or staff time?

One definition of financial literacy is: “… having the knowledge, skills and confidence to make responsible financial decisions.” [1]

For the third year, I have been a member of Alberta Chartered Professional Accountants (CPA) achievement awards review committee.

Human resource costs can represent a large portion of an organization’s budget. They also come in a variety of shapes and sizes: hourly, salary, permanent, temporary, contracted, etc. This blog provides a range of methods to estimate these costs. A key feature is that there is not a one-size fits all solution.

Volunteers and Non-Profit organization members are a rare commodity. They are hard to find, difficult to screen, expensive to replace/retain and then vanish without warning.

As a result of a private research project I am engaged in, I wonder what exactly is the definition of a volunteer, non-profit or a member of a non-profit. There are a few other blogs I wanted to write concerning these things but I kept on coming back to the question, but what exactly is a ….?
Continue readingI recall sitting in a board meeting for a non-profit I was involved with years ago and the budget process came up. Specifically the word ‘budget’ meant to different things to different board members.
