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AAD 610, Unit 2: Getting It: Financial Terms and Tools

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UK Arts Administration

on 20 December 2016

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Transcript of AAD 610, Unit 2: Getting It: Financial Terms and Tools

Unit 2:
Getting It: Financial Terms and Tools
1. Financial Management or Financial Accounting?
2. Accounting Methods
3. Chart of Accounts
4. Financial Statements
http://www.aicpa.org/
Accounting reports the financial data via documents for a particular individual, or business entity.
Financial management encompasses everything that involves finances, assets, and resources. It requires knowing how to read and interpret financial documents in order to make decisions.
Accounting reports the financial data via documents for a particular individual, or business entity.
Financial management encompasses everything that involves finances, assets, and resources. It requires knowing how to read and interpret financial documents in order to make decisions.
Accounting reports the financial data via documents for a particular individual, or business entity.
Financial management encompasses everything that involves finances, assets, and resources. It requires knowing how to read and interpret financial documents in order to make decisions.
Unified Chart of Accounts
National Center for Charitable Statistics (NCCS)
http://nccs.urban.org/
California Association of Nonprofits (CAN)
http://calnonprofits.org/
CompassPoint Nonprofit Services
http://www.compasspoint.org/
California Society of CPAs
http://www.calcpa.org/
National Center for Charitable Statistics (NCCS)
California Association of Nonprofits (CAN)
http://calnonprofits.org/
CompassPoint Nonprofit Services
http://www.compasspoint.org/
California Society of CPAs
http://www.calcpa.org/
https://elearning.uky.edu/bbcswebdav/courses/AAD610-DEV-201499/PDF%20Documents/UCOA-version%203%20plus%202008.pdf
REVIEW: Uniform Chart of Accounts
Unrestricted, temporarily restricted and permanently restricted
Assets = Liabilities + Net Assets
Assets = Liabilities + Net Assets
Assets = Liabilities + Net Assets
Assets = Liabilities + Net Assets
Assets = Liabilities + Net Assets
http://nccs.urban.org/
Full transcript