Overview
Now that you have been familiarized with the methods and approaches for preparing and analyzing various financial statements for different types of organizations, it’s time to practice applying some of that knowledge in a simulated accounting assignment. To complete Assignment 3, you will download the linked Word document for the Capitol Good Works Organization (CGWO), a fictitious not-for-profit entity. You will also continue working with the fillable Excel spreadsheet you started in the Week 9 Homework, wrapping up a series of transactions and related recording tasks. To finalize your assignment, you will write a brief assessment of your findings about CGWO’s fiscal health.
Instructions
Download Week 10 Assignment Instructions [PDF] Download Week 10 Assignment Instructions [PDF]and CGWO Excel Template [XLSX] Download CGWO Excel Template [XLSX].
Follow the instructions in the Word doc to complete the Week 10 Assignment tab in the Excel template. Note: The data you enter in this tab will auto-populate the remaining tabs in the Excel template. Review these additional tabs and amend your findings if needed.
When you are finished with the Excel template, write a one-page assessment of the fiscal condition of CGWO, evaluating what each ratio (that you computed) tells you about the organization’s fiscal health. Ensure your response covers the following details:
Typical financial indicators:
Liquidity ratio (current ratio – current assets / current liabilities).
Burden of debt ratio (total debt / total assets).
Adequacy of available resources ratio (net assets without donor restrictions / expenses).
Current fiscal performance (operating surplus or deficit / total revenues).
Financial indicators specific to not-for-profits:
Fund-raising ratio (fund-raising expense administrative costs) / total contributions and grants revenue).
Program ratio (program expenses / (program expenses fund-raising expenses administrative costs).
Contribution and grants ratio (revenue from contributions and grants / total revenues).
Revenues from services ratio (revenue from program fees / total revenues).
Ensure that your explanation is supported by at least two appropriate sources.
This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment:
Evaluate the financial statements and fiscal condition of a not-for-profit organization relative to financial guidelines.
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