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What are the financial management issues that human service
organizations face? Is it important for all of a human service
organization’s staff, not just the financial experts, to understand
financial management? Why?
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HSM 260 Week 2 Assignment Personal Balance Statement
(Appendix C)

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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.
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HSM 260 Week 2 CheckPoint Accrual Method

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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
the 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?