What are recourses available to the organization? Such as Cash, investment, land, buildings & equipment.
100
Direct Expense
What is an expense incurred as a direct result of a program or other undertaking? If the program doesn't exist, neither would the expense.
100
Variances
What is the term for differences between budget and actual, or year to year?
100
An arm bone, or an adjective meaning "Funny"
What is Humerus/Humorous?
200
Mission
What is an organization's statement of purpose as determined by board of directors?
200
Revenues
What is the receipts of an organization such as sales of produce or merchandise, service fees ad membership dues, contributions, and investment interest.
200
Breakeven
What is the point at which revenues and expenses are equal?
200
Poor marketing, low quality, lack of planning, poor pricing, overspending.
What are some reasons for Variances?
200
This number, one of the first 20, uses only one vowel (4 times!)
What is seventeen?
300
Surplus
What is a condition that exists she revenues exceed expenses for an accounting period?
300
Liabilities
What is a claim against an asset or any obligation of the organization such as accounts payable, accrued expenses, mortgages, bonds, bank loans etc.
300
Overhead Allocation
What is the portion of direct program revenue that is left over after paying direct program expenses?
300
Forecasting
What is the term that is part of the budgeting process that is used to anticipate future activities.
300
According to C.S. Lewis, it was bordered on the east by the Eastern Ocean and on the north by the River Shribble.
What is Narnia?
400
Cause
What is the promise (Brand) an organization commits to fulfilling. It explains who we are, what we stand for and why anyone should care.
400
Equity (Net Assets)
What is the difference between total assets and total liabilities?
400
Price
What is the amount of money for which anything is bough, sold or offered for sale?
400
Preparation, Monitoring, Corrective Action
What are the steps in the Budget Process?
400
This flavor ice-cream was invented in 1929 & named in part to reflect the difficult economic times ahead
What is Rocky Road?
500
Tax Exempt
What is an organization that is relieved of the obligation of paying tax under federal income tax code?
500
Grants, United Way, Special Events are all examples of these
What is Contributed Revenue?
500
This is a type of expense that does changes based on the number of participants
What is a Variable Expense?
500
Accural Accounting
What is it called when you record revenues and expenses in the income statement when the ever occurs regardless of when the cash comes in or goes out?