How Do Financial Managers For Non-profit Organizations Differ From Those For A For-profit Organization?
There is virtually no difference in the activities of Finance Managers in organizations whether they are profit oriented or non-profit oriented although for non-profit organizations profit is not of the primary concern or issue as compared with profit oriented firms. Profit oriented organizations focus solely on earning profits but that does not mean however that non-profit organizations have no budget constraints or can exceed their limitations. That’s where a finance manager comes in, he wont be focus towards increasing the stocks or market value of his organization but be more oriented towards allocating budgets and monitoring the movement of cash and finance related activities that are conducted by the organization.
