Zietlow / Seider Cash & Investment Management for Nonprofit Organizations

1. Auflage 2007
ISBN: 978-0-470-14495-4
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 544 Seiten, E-Book

The book every nonprofit financial officer needs
Relevant for both large and small nonprofit organizations, Cash& Investment Management for Nonprofit Organizations effectivelybrings practical clarity to a potentially complicated topic, andexplains how to use the best available methods and tools to helpyour organization achieve and maintain financial strength. Thismust-have book equips readers with a road map toward soundfinancial structure and strong internal controls, expertly offeringhelpful advice on everything financial officers need to know,including:
* Knowing the appropriate financial target for yourorganization
* The measures you can use to monitor and manage your organization'sliquidity
* Preserving your organization's financial integrity through internalcontrols
* How to tap sources of cash to improve your cash flow
* Making the most of your greatest potential ally in managingcash--your banking partner
* Mobilizing and controlling cash
* Disbursing cash efficiently while averting fraud
* Harnessing information technology (IT) to better accomplish cashand investment management
* Investing policies and practices for cash reserves
* Investing policies and practices for endowments and other long-terminvestment purposes
Written by financial professionals for financial professionals,Cash & Investment Management for Nonprofit Organizationsprovides essential tips and proven financial methods for improvingand benchmarking your organization's practices. Discover how tobecome more effective in keeping your nonprofit financially healthywith the techniques and tools in Cash & Investment Managementfor Nonprofit Organizations.

Autoren/Hrsg.

Zietlow, John

Seider, Alan G.

Inhaltsverzeichnis

About the Authors.
Acknowledgments.
Preface.
CHAPTER 1: CASH FLOW AND YOUR CASH POSITION.
1.1 Life in the Nonprofit Finance Office.
1.2 Target Liquidity as the Primary Financial Objective.
1.3 Setting Your Liquidity Target.
1.4 How Do Proficient Cash Management and Investment Management Enable Your Organization to Achieve Its Liquidity Target?
1.5 Summary.
CHAPTER 2: CASH PLANNING AND LIQUIDITY.
2.1 Cash Flow Characteristics of Nonprofits.
2.2 Cash Shortfalls and What to Do about Them.
2.3 Tiers of Liquidity and the Spectrum of Liquidity.
2.4 Measuring and Managing Solvency, Liquidity, and Financial Flexibility.
2.5 Managing Cash Flow.
2.6 Cash Budgeting.
2.7 Summary.
CHAPTER 3: CASH COLLECTIONS AND POSITIONING.
3.1 Introduction.
3.2 Objectives of Cash Collections and Positioning Systems.
3.3 Front End of Collections: Receivables Management.
3.4 U.S. Payments System.
3.5 Expediting Check Collections.
3.6 Accepting Card Payments.
3.7 Accepting Electronic Payments.
3.8 Comparison of Alternative Collection Systems.
3.9 Cash Positioning.
3.10 International Cash Collections and Concentration.
3.11 Fraud Issues.
3.12 Imaging.
3.13 Benchmarking and Outsourcing.
CHAPTER 4: CASH DISBURSEMENTS.
4.1 Introduction.
4.2 Objectives of Cash Disbursements Systems.
4.3 Disbursements Policy.
4.4 Checks and Drafts.
4.5 Purchasing/Procurement Cards.
4.6 Other Electronic Payments.
4.7 Comparison of Alternative Disbursement Systems.
4.8 Establishing Your Banking Network: Products and Services to Consider.
4.9 Fraud Prevention and Internal Control.
4.10 International Cash Disbursements.
4.11 Imaging.
4.12 Outsourcing Disbursements or Payables.
4.13 Summary.
CHAPTER 5: BANKING RELATIONSHIP MANAGEMENT.
5.1 Introduction.
5.2 Objectives for Your Banking Relationship.
5.3 Communicating with Your Bank.
5.4 Services Provided by Banks.
5.5 Depository Services and the Availability Schedule.
5.6 Bank Selection.
5.7 Managing Bank Relationships.
5.8 Nonbank Service Providers.
5.9 Information Services.
5.10 Banking Globally.
5.11 Bank Report Cards.
5.12 Cash Management Audits.
5.13 Summary.
CHAPTER 6: DEBT MANAGEMENT.
6.1 Introduction.
6.2 Objectives of Debt Management.
6.3 Debt Policy.
6.4 Short-Term Borrowing.
6.5 How a Bank Views a Nonprofit Borrowing Request.
6.6 Debt Management Metrics and Benchmarks.
6.7 Summary.
CHAPTER 7: INVESTING PRINCIPLES AND PROCEDURES FOR
OPERATING AND STRATEGIC RESERVES.
7.1 Introduction.
7.2 Managing Liquidity Funds and Optimizing Return on Excess Short-Term Working Capital.
7.3 Criteria for Investing.
7.4 Investor or Speculator?
7.5 Standard Operating Investment Procedures.
7.6 Investment Operations: An Introduction.
7.7 Introduction to Yield Analysis.
7.8 Yield Curve Analysis.
7.9 Yield Spread Analysis.
7.10 Price Movement of Fixed-Income Securities.
7.11 Effect of Changing Interest Rates on Longer Maturities.
7.12 Summary of Yield Curves.
7.13 Fixed-Income Investment Instruments: An Introduction.
7.14 U.S. Treasury Securities.
7.15 U.S. Government Agency Securities.
7.16 Municipal Debt Instruments.
7.17 Corporate Debt Instruments.
7.18 Money Market Instruments Issued by Banks and Investment Companies.
7.19 Repurchase Agreements.
7.20 Summary.
CHAPTER 8: INVESTING PRINCIPLES AND PROCEDURES FOR
ENDOWMENT, SELF-INSURANCE, AND PENSIONS.
8.1 Introduction.
8.2 Endowment Management.
8.3 Characteristics of Endowment.
8.4 Endowment Investment.
8.5 Principles of Endowment Management.
8.6 Endowment Spending Policy.
8.7 Self-Insurance and Pensions.
8.8 Investment Advisors.
8.9 Summary.
Index.

Über Autor(innen)

John Zietlow is Professor of Finance at Malone College and aCertified Treasury Professional (CTP). He is a member of theFinancial Management Association, the Association for FinancialProfessionals, the Association for Research on NonprofitOrganizations and Voluntary Action (ARNOVA), and the FinancialEducation Association. He has conducted cash management trainingfor the Association?of Financial Professionals, served as aconsultant and trainer for the Investment Management ConsultantsAssociation, is coauthor of Short-Term Financial Management,Third Edition, and has written dozens of articles and academicpresentations on financial topics. With Jo Ann Hankin and AlanSeidner, he is also coauthor of Financial Management forNonprofit Organizations: Policies and Practices (Wiley).
Alan G. Seidner is the founder of Seidner & Companyof Pasadena, California, an investment management and consultingfirm with a roster of high net-worth investors, healthcareorganizations, major corporations, non-profit institutions, andmunicipalities. He has authored many financial reference works,frequently speaks on investment techniques and strategies, and hasalso provided testimony before federal government agencies on theperformance of pension fund investments. With Jo Ann Hankin andJohn Zietlow, he is also coauthor of Financial Management forNonprofit Organizations: Policies and Practices (Wiley).