The regular evaluation of an organization’s finances goes a
The regular evaluation of an organization’s finances goes a
The regular evaluation of an organization’s finances goes a long way toward establishing trust with stakeholders, such as tax payers, board members, clients, patrons, and funding agencies. Just as financial planning and budgeting are integral parts of an organization’s success, financial audits and evaluations are vital parts of the functioning of an organization. Evaluating the financial condition of an organization involves determining whether it has the revenue from taxes, fees, and other sources to meet its needs as well as if its assets exceed its liabilities.In this Assignment, you evaluate the financial condition of a hypothetical town by considering trends and what they could mean. Review this week’s Learning Resources. Think about how public organizations can use data from audits and assessments to increase their effectiveness.Consider the following:
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