Development of an Accounting System for a Voluntary Health and Welfare Organization
Crane, Ellen J.
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An efficient and adequate accounting system of any organization provides its financial statement users with timely information with which to base economic decisions on. The users of this information are individuals both internal and external to the organization. Accounting information is essential to the decision system because it provides quantitative data for three functions--planning, control, and evaluation. By working closely with a voluntary health and welfare organization which did not have an adequate accounting system, I developed such an effective system which provides for timely and detailed information. With more reliable accounting data, the financial statement users of the organization will be a able to make accurate economic decisions, and the company will be better able to attain its goals of service to the community as a voluntary health and welfare organization.