Part of your new accountant’s role will be involved
with budgeting for future years. So you can understand where she is coming
from, you ask her to talk about the following with you:
1.
Explain how revenue sources are
planned and budgeted in nonprofits.
2.
What are some typical key
assumptions that must be made in the “revenue sources” budgeting
process of nonprofits, and what could cause these assumptions to be invalid?
3.
What are at least 4 of the key
revenue assumptions that must be made in a for-profit entity?
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