Pregledni rad
https://doi.org/10.38190/ope.11.1.13
Review of business analysis of a non-profit organization
Mladena Bedeković
orcid.org/0000-0002-5622-8325
; Veleučilište Virovitica
Ivana Krizmanić
orcid.org/0000-0002-1506-7190
; Grad Virovitica
Željka Kadlec
orcid.org/0000-0001-7484-4933
; Veleučilište Virovitica
Sažetak
Non-profit organizations like the Croatian Red Cross focus on achieving their own goals, solving problems and improving people’s quality of life. It is not their goal to make a profit. They are financed from the state budget, through membership fees and donations. Non-profit organizations are required to disclose their assets, liabilities and sources of ownership, as well as their income and expenses. The aim of this paper is to gain insight into the operations of the City Society of the Red Cross Virovitica based on the analysis of financial statements and the calculation of selected financial indicators. Horizontal and vertical analysis of financial statements will enable obtaining information that is relevant for management, and the calculation of financial indicators for the observed years will further define the financial framework of operations. In the end, conclusions will be made regarding the business of the City Society of the Red Cross Virovitica. Non-profit organizations, despite not being profit-oriented, are a significant driver of promoting the public interest or the common good, as well as an important factor in society, even if their role is sometimes marginalized.
Ključne riječi
non-profit organizations; analysis; financial statements; financial indicators
Hrčak ID:
258794
URI
Datum izdavanja:
11.6.2021.
Posjeta: 1.333 *