Business Plans

Lesson 5: The Financial Health of the Organization

Financial management involves controlling, conserving, allocating and investing an organization's resources. An organization's resources can include personnel, equipment, supplies and non-monetary contributions, such as goodwill, intellectual property and in-kind donations. Before investing in or contributing to your organization, funders or investors will want to know that the organization is in good financial health and has sound financial management and accounting practices.

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