PUBLIC ACCOUNTING IN THE NONPROFIT SECTOR: CHALLENGES AND BEST PRACTICES
The objectives of this research are to: 1) Identify the unique challenges faced by public accountants in the nonprofit sector, 2) Evaluate best practices that enhance financial transparency and accountability, and 3) Propose strategies to overcome sector-specific challenges. A survey design is employed to gather quantitative data from accountants working in the nonprofit sector. The sample size is set at 320, derived using Taro Yamane’s formula, ensuring statistical significance with a 95% confidence level and a 5% margin of error. Abuja is chosen as the case study location due to its concentration of nonprofit organizations and regulatory bodies. The reliability coefficient score for the survey is 0.88, indicating high reliability. Findings indicate that key challenges include complex regulatory requirements, limited financial resources, and donor expectations. Best practices identified include implementing robust financial management systems, enhancing internal controls, and increasing financial literacy among nonprofit staff. The study recommends adopting standardized accounting practices and providing continuous training to improve financial management and reporting in the nonprofit sector.
ABSTRACT
This study investigates the twenty five years of merchant banking in Nigeria. It evaluates the operation of merchant bank on eco...
Abstract &n...
ABSTRACT
The study examined proficiency in English language as a determinant of students academic performance in seconda...
ABSTRACT
Disinfectants are antimicrobial agents that are applied to non-living objects to destroy micro-organisms that a...
Background Of The Study
Nigeria's financial landscape has never been static. New services and produ...
BACKGROUND OF THE STUDY
Business organization, especially the large ones...
ABSTRACT
Methicillin-resistant Staphylococcus aureus (MRSA) is a bacterium responsible for several difficult-to-treat infections in human...
ABSTRACT
There is dearth of information on output level of building operatives in Nigeria, consequently...
Abstract: The effectiveness of adaptive learning technologies in technical education is cri...
ABSTRACT: Exploring the role of early childhood education in climate change ada...