Accounting Non for profit questions

The instructions

Refer to the annual report of the Canadian Red Cross (CRC). Answer the questions in the template below. Add rows if you need them. Use full sentences, not point form. Please complete the document in Word and submit a printed copy. Research is not required for this project but cite sources if you have looked things up. Be careful to not plagiarize.

The Questions

0-4

  1. The statement of operations includes the budget. Why is this significant? How did they “do” compared to budget? Is this good or bad?

0-5

  1. The statement of operations has a separate line item for “fundraising expenses”. Express this as a percentage of funds raised through “fundraising”. Why is this significant?