1. The Importance of Financial Management
What Is Financial Management? / Why Be Concerned with Financial Management? / Adopting a Financial Management Perspective / Financial Management Concepts, Principles, and Tools / Summary
2. Programs, Program Structures, Program Managers, and Responsibility Centers
The Identification of Programs / The Creation of a Program Structure / The Assignment of Program Managers / The Designation of Responsibility Centers / Summary
3. Understanding Financial Statements
Generally Accepted Accounting Principles (GAAP) / Nonprofit Human Service Agencies & Internal Revenue Service (IRS) Status / Financial Statements / The Statement of Activities / The Statement of Financial Position / The Statement of Cash Flows / The Statement of Functional Expenses / The Internal Revenue Service (IRS) Form 990 / Summary
4. An Accounting Exercise
Some More Accounting Terms / The Portland After School Program / Summary
5. Financial Analysis
Financial Analysis Ratios / Monitoring Ratios over Time / Summary
6. Performance Measurement
Introduction / Performance Measurement Defined / The Major Performance Measurement Initiatives / Output, Quality, and Outcome Performance Measures / Characteristics of Good Performance Measures / The Use of Performance Measures in Financial Management / The Houston Home Care Agency / Summary
7. Budgeting and Budget Systems
Introduction / Major Budgeting Systems and the Systems Model / Line-Item Budgeting Systems / Performance Budgeting Systems / Program Budgeting Systems / A Comprehensive Budgeting System / Summary
8. Cost Analysis
Introduction / Prerequisites for Using Cost Analysis / The Cost Analysis Process / Identifying Direct and Indirect Costs / Assigning Directs Costs to Programs and Indirect Costs to the Indirect Cost Pool / Allocating Indirect Costs to Programs / Cost Allocation Using Total Direct Costs / Determining the Total Cost of Each Program / Computing Cost per Output and Cost per Outcome / Cost Allocation Using Salaries and Wages / Cost Allocation Using Direct Labor Hours / Which Cost Allocation Method Is Best? / Program Line-Item Budgeting Systems / Summary
9. Forecasting
Introduction / Some Basic Forecasting Rules of Thumb / Simple Moving Averages / Weighted Moving Averages / Exponential Smoothing / Time Series Regression / When to Use Which Forecasting Technique / Summary
10. Differential Cost Analysis
Some Concepts and Definitions / Fixed Costs and Variable Costs / Break-Even Analysis / New River Community Council Case Example / Westchester Home-Delivered Meals (WHDM) Program / Decrease/Discontinue Decisions / Summary
11. Setting Fees
Some Major Fee-Setting Issues / Government Benefits Seminar Case Example / Summary
12. Government Contracts and Grants
Federal Contracts, Grants, and Cooperative Agreements / Sources of Information about Federal Government Contracts, Grants, and Cooperative Agreements / Sources of Information about State & Local Government Contracts & Grants / Types of State & Local Government Procurements / Types of Contracts / Summary
13. Fund Development
Foundation Grants / Types of Foundations / Finding Out about Foundations / United Way Worldwide Membership / Other Traditional Fund Development Approaches / Entrepreneurial Fund Development Approaches / Summary
14. Risk Management
What Is Risk Management? / Major Risk Management Issues Areas / Summary
15. Auditing
Sources of Auditing Standards, Cost Policies, and Financial Management Requirements / Federal Acquisition Regulation (FAR) / Types of Auditors / Types of Audits / Selecting an External Auditor / Summary
204 pages, $45.95 list
1-4786-4021-9
978-1-4786-4021-9
© 2021
paperback
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eBook availability
Financial Management for Human Service Administrators
Second Edition
The second edition of Martin’s practical text continues to provide a solid grounding of financial management for human services and social work students and professionals, while maintaining a concise and approachable style.
Starting with a foundation of the basics of financial management, a comprehensive overview includes topics such as budgeting systems; financial accounting and the interpretation and analysis of financial statements; performance measures; forecasting of revenues, expenses, and caseloads; fee setting; government contracts and grants; fund development; risk management; and auditing.
Readers apply the concepts, principles, and tools introduced in each chapter through case studies and exercises that encourage mastery of the content in real-world situations.
Starting with a foundation of the basics of financial management, a comprehensive overview includes topics such as budgeting systems; financial accounting and the interpretation and analysis of financial statements; performance measures; forecasting of revenues, expenses, and caseloads; fee setting; government contracts and grants; fund development; risk management; and auditing.
Readers apply the concepts, principles, and tools introduced in each chapter through case studies and exercises that encourage mastery of the content in real-world situations.