Meanwhile, should the federal government discover discord between the organization’s financial records and the documentation submitted by employees or vendors, the audit process could very well kick in. Beyond these contingencies, any time nonprofit organizations seek abatement or money back from the IRS, an IRS agent may count these as red flags and invoke the...Read More

Another reason CBA is vital is its role in fostering transparency and accountability. By clearly documenting the rationale behind a decision, including all assumptions, costs, and benefits, it ensures that stakeholders understand the basis for the choice. This is particularly critical in public projects or corporate investments where multiple parties are net sales involved and...Read More

Nonprofit organizations continually grapple with maintaining and improving their operations, especially in today’s volatile economy and a rapidly changing world. They must constantly strive for sustainability, and an essential part of that quest is proper budgeting. Unfortunately, it often excludes people outside an organization’s finance team. Similarly, the budget is often too focused on the...Read More

In essence, data modeling is like being an artist creating visual representations of your data universe. Dive into understanding dimensions – they are like the building blocks of your analytical world. In simple terms, dimensions are the aspects or categories by which you want to analyze your data. It is akin to deciding which angles...Read More

Principles of Economics provides students with the knowledge they need to be successful managers, including basic economic theories related to markets and how markets function. This course starts by defining economics, differentiating between microeconomics and macroeconomics, and explaining the fundamental economic principles of each. It then looks at microeconomics and how it is used to...Read More