Assignment
1. What are the financial management issues that human service organizations face? Is it important for all of a human service organization's staff, not just the financial experts, to understand financial management? Why?
2. How does the statement of functional expenses differ from the statement of activities? What is the difference between a revenue center and an expense center as it relates to a human service organization? Why do you need to know this information as an employee in a human service organization?
3. As a manager what systems would you put in place to ensure that these two types of centers, the revenue canter and the expense center are managed properly?