HSM/260

FINANCIAL MANAGEMENT FOR HUMAN SERVICE MANAGERS

The Latest Version A+ Study Guide

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HSM 260 Entire Course Link

https://hwsell.com/category/hsm-260/

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HSM 260 Week 1 Definition Scavenger Hunt

Define each of the following basic accounting terms in your own words by carefully finding sources on the Internet that apply to a non-profit service organization, which we are studying in this course, and not a for-profit company.

Provide the URL that supports the definition you have created for each item.

• GAAP
• Basic accounting formula
• Transaction, t-account
• General ledger
• Debit
• Credit
• Account balance
• Trial balance
• Journal
• Assets
• Liabilities
• Net assets
• Accounts receivable
• Accounts payable
• Revenues

Post your definitions as a Microsoft® Word attachment

HSM 260 Week 2 Accrual Method

Answer the following questions in 200 to 300 words:

• Nonprofit organizations are required to produce financial statements based on the accrual method of accounting. How is this different from cash basis of accounting? Why is accrual accounting important?
• In an accrual system, does revenue equal cash?
• What is the importance of the statement of cash flow in the financial management of an organization?

Provide at least one resource to support your answer, using APA guidelines for citations.

.Post your answer as a Microsoft® Word attachment.

HSM 260 Week 2 Personal Balance Statement

Read the background information provided in Appendix B.

Complete the personal balance statement template provided in Appendix C based on your understanding of the information in Appendix B.

Post your Appendix C as a Microsoft® Excel attachment.

HSM 260 Week 3 Cost Per Output and Cost Per Outcome Response

Write a 200- to 300-word response to the following: Why are cost per output and cost per outcome calculations valuable to a human service agency? What might happen if a human service agency did not determine the cost per output and cost per outcome?

Post your answers as a Microsoft® Word attachment

HSM 260 Week 4 Financial Ratios

Use the data from 2002 in Appendix D to calculate each of the following:

• Current ratio
• Long-term solvency ratio
• Contribution ratio
• Programs and expense ratio
• General and management and expense ratio
• Fund-raising and expense ratio
• Revenue and expense ratio

Post your final calculations as a Microsoft® Word attachment.

HSM 260 Week 4 Fixed Costs, Variable Costs, and Break-Even Point

Resource: Ch. 10 in Financial Management

Complete Exercises 10.1 & 10.2 on pp. 146–47.

Post your final answers as a Microsoft® Word attachment

HSM 260 Week 5 Forecasting

Resource: Ch. 9 in the text

Read Exercises 9.1 on p. 130 and Exercise 9.3 on p. 131.

Describe the unique characteristics of each forecast and why you would choose to use each one over another.

Explain in 100 to 200 words how financial trends affect forecasting.

Show computations of how to arrive at a forecast of personnel expenses and total revenues in both exercises using moving averages, weighted moving averages, and exponential smoothing. (Time series regression is not required for full points).

Post your final answers as a Microsoft® Word attachment

HSM 260 Week 6 Calculating Fixed Costs, Variable Costs, and Break-Even Point for a Program

Calculate the fixed cost, variable costs, and break-even point for the program mentioned in Appendix D.

Base your calculations on the financial data for 2012.

Post your final answers as a Microsoft® Word attachment.

HSM 260 Week 6 Fee Setting

Resource: Ch. 11 in Financial Management

Complete Exercises 11.1 & 11.2 on pp. 158–159.

Determine the most important issues for a human service agency to address in fee setting.

Determine the issues that are least important.

Justify your answers.

Post your answers as a Microsoft® Word attachment

HSM 260 Week 7 Catalog of Federal Domestic Assistance

Locate the Catalog of Federal Domestic Assistance at http://www.cfda.gov/

Click on Select Assistance Type… and choose a particular type by clicking on it. Then click on the Search button.

Choose three types of assistance from the list that will give the most benefit to the organization profiled in Appendix A.

Reference the three programs chosen by including the program title and a working URL that connects to the grant opportunity.

Summarize the one type of assistance you feel is most valuable to the organization profiled in Appendix A. Your summary must be 200 to 300 words in length and must address the following categories:

• Program’s objective
• Eligibility requirements
• Type of assistance
• Dollar range
• Average amount of assistance awarded
• How this program is utilized by the organization profiled in Appendix A

Post your answers as a Microsoft® Word attachment.

HSM 260 Week 8 Collaborative Fund-Raising Activity

Consider the following scenario in your assigned discussion group: Phoenix Homeless Agency (PHA) needs funds to continue providing job counseling to qualifying recipients.

Discuss with your assigned group how nontraditional sources of funding might be used to solve the funding problem for the PHA. Be creative. Brainstorm unconventional means of collecting funds for PHA.

Determine the strategies from your discussion group that you feel solves the funding needs for PHA the best.

Write a 200- to 300-word summary detailing three fund-raising strategies you would employ.

Post your final answer as a Microsoft® Word attachment, just as you do for other individually graded assignments, please.

HSM 260 Week 8 Foundations Paper

Select one of the following funding organizations:

• The David and Lucile Packard Foundation
• W.K. Kellogg Foundation
• J. Paul Getty Trust
• The William and Flora Hewlett Foundation
• The Heinz Endowments

Write a 700- to 1,050-word paper describing (in your own words) the organization and the projects it financially supports. Include a paragraph on the organization’s grant application process.

Format consistent with APA guidelines, being sure to include proper citations of quoted material.

Post your final draft as a Microsoft® Word attachment

HSM 260 Week 9 Week Nine Short Answer Question

Respond to the Week Nine Short Answer Question in 250-to 350-words.

• Why is it important for a human service professional to be familiar with financial management? Provide at least two meaningful examples that illustrate your point.

HSM 260 Week 9 Analyzing Financial Statements

Resource: Appendix A

Review the financial statements in Appendix D.

Calculate the following: Current ratio, long-term solvency ratio, contribution ratio, programs and expense ratio, general and management and expense ratio, fund-raising and expense ratio, and revenue and expense ratio for the years 2003 and 2004.

Include the current ratio, long-term solvency ratio, contribution ratio, programs and expense ratio, general and management and expense ratio, fund-raising and expense ratio, and revenue and expense ratio calculated in the Week Four Assignment.

Provide a 200- to 300-word explanation of the importance of each ratio for all three years listed in Appendix D. Include a statement of whether the organization’s financial picture has improved or not within the 3-year period specified in Appendix D.

Calculate the fixed cost, variable costs, and break-even point for the XYZ Corporation for the years 2003 and 2004 listed in Appendix D.

Include the fixed cost, variable costs, and break-even point for the XYZ Corporation for the year 2002 from the Week Six CheckPoint.

Discuss the purpose, advantages, disadvantages, and type of feedback provided by a line item, performance, and program budget in a 350- to 700-word essay.

Provide a 350- to 700-word response to the following: Identify and describe two types of traditional approaches to fund development, and two types of nontraditional approaches to fund development that are appropriate for the XYZ Corporation, and provide a conclusion of the organization’s current and future financial picture.

Format all written portions consistent with APA guidelines, using headers for each required section of the paper.

Compile all elements of the assignment into one document without attachments.