I need help with a Management question. All explanations and answers will be used to help me learn.
Read the posts of your peers and respond to at least one. Do the tools the learner suggested seem useful? Why or why not? Suggest other tools that might be useful for decision making in the learner’s organization. As you did in your initial post, use your research to support your claims and be sure to cite your sources according to APA guidelines.
Student post down below:
The most helpful financial tools for Kids Central Inc. (KCI) are two that are already in use, statement of financial position and statement of activities. The statement of financial position categorizes and separates the assets into the appropriate net asset (Weikart, Chen, & Sermier, 2013). On the financial documents, the tool shows the exact amount of assets the organization is provided for each category (Financial Statements and Independent Auditors Report, 2017). The statement of activities is utilized to show the expenses of the organization because KCI fund services for the community. The statement of activities sorts the revenue and expense categories, shown in unrestricted net assets (Weikart, Chen, & Sermier, 2013). It also separates ongoing annual revenues and expenses, such as employee funding, out of home care funding and funding for different services (Financial Statements and Independent Auditors Report, 2017). KCI is not an organization that collects revenue; however, they collect funding from government and partners that wants to be an asset to the organization.