Accounting and analytical support of fundraising operations in organizations of non-profit sector of the economy
Date
2020-02-24
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Видавництво Львівської політехніки
Lviv Politechnic Publishing House
Lviv Politechnic Publishing House
Abstract
In the modern world, organizations
that have based their activities not on economic but
social benefits are becoming more widespread. Nongovernmental non-profit organizations bring together
individuals and/or entities for meeting economic, public,
social, cultural, environmental and other interests, needs
for political will, religious service, etc. Such organizations
are usually not commercially active, so finding sources
of funding or fundraising is an important component
of their business activity. Different types of funding
sources and different approaches to attracting such
funding can be applied to each type of nongovernmental non-profit organization. Accounting of
such funding and the cost of its finding is the core of
transparent activity of these organizations and reflection
of the results of their work. The purpose of the research
is to explore the accounting and analytical support for
the implementation of fundraising in non-governmental
non-profit organizations. The article describes the
concept of fundraising as an activity of finding and
raising funds for the realization of social functions by
non-governmental non-profit organizations. Types of
non-governmental non-profit organizations in Ukraine
and abroad are investigated, methods of fundraising
implementation are disclosed. The nomenclature of
expenses on fundraising, the procedure for recognizing
such expenses and reflection in accounting of nongovernmental non-profit organizations are defined. The
location of the cost of searching funding in the
transaction costs of the organization is determined.
Description
Keywords
fundraising, the cost of fundraising, non-governmental non-profit organization, accounting for the cost of fundraising, transaction costs
Citation
Vysochan O. Accounting and analytical support of fundraising operations in organizations of non-profit sector of the economy / O. Vysochan, T. Ivasiuk // Economics, Entrepreneurship, Management. — Lviv : Lviv Politechnic Publishing House, 2020. — Vol 7. — No 2. — P. 91–101.