Diana Lekaj | University of Maryland Global Campus (original) (raw)
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Papers by Diana Lekaj
Problemy Zarządzania - Management Issues, 2020
For over 100 years, the North American power grid has been the backbone supporting the health of ... more For over 100 years, the North American power grid has been the backbone supporting the health of our economy, safety, and quality of life. It has been called the20th century's engineering wonder, but at the same time, it is facing a growing threat of being disrupted by both intended, and collaterally by unintended, adverse events. A majority of the country's critical infrastructure upon which our society so heavily relies depends on the grid's readilyavailable and affordable power supply to function.
Even though planning and budgeting is considered to be a challenging process by management, it is... more Even though planning and budgeting is considered to be a challenging process by management, it is an important activity for any organization whether a profit-seeking business or not-for-profit organization. Just like any organization, a financial manager working for a not-forprofit organization will be responsible for planning and managing organizations" resources and activities. This function is even more important for not-for-profit organizations primarily because their ability to exist, operate, and succeed relies heavily on private donations and public-sector financial contributions. Current and potential capital providers (donators) will be interested in assessing management"s stewardship and their decisions and methods of allocating financial resources. For this reason, management at not-for-profit organizations must ensure that these funds are utilized in the most effective and efficient way possible in order to receive further donations for achieving future financial needs. Profit oriented organizations, or "businesses" provide financial information to their investors; not-for-profit businesses are obligated to present financial reports to donators and public-sector contributors and regulators. The provided information involves data about funding resources, commitments, net resources and organizational performance during a set period of time. Therefore, even though not-for-profit organizations have unique characteristics that differentiate them from businesses, the financial reporting process is as same as in any other organization (Mcgraw, McManus & Viele, 2011).
Problemy Zarządzania - Management Issues, 2020
For over 100 years, the North American power grid has been the backbone supporting the health of ... more For over 100 years, the North American power grid has been the backbone supporting the health of our economy, safety, and quality of life. It has been called the20th century's engineering wonder, but at the same time, it is facing a growing threat of being disrupted by both intended, and collaterally by unintended, adverse events. A majority of the country's critical infrastructure upon which our society so heavily relies depends on the grid's readilyavailable and affordable power supply to function.
Even though planning and budgeting is considered to be a challenging process by management, it is... more Even though planning and budgeting is considered to be a challenging process by management, it is an important activity for any organization whether a profit-seeking business or not-for-profit organization. Just like any organization, a financial manager working for a not-forprofit organization will be responsible for planning and managing organizations" resources and activities. This function is even more important for not-for-profit organizations primarily because their ability to exist, operate, and succeed relies heavily on private donations and public-sector financial contributions. Current and potential capital providers (donators) will be interested in assessing management"s stewardship and their decisions and methods of allocating financial resources. For this reason, management at not-for-profit organizations must ensure that these funds are utilized in the most effective and efficient way possible in order to receive further donations for achieving future financial needs. Profit oriented organizations, or "businesses" provide financial information to their investors; not-for-profit businesses are obligated to present financial reports to donators and public-sector contributors and regulators. The provided information involves data about funding resources, commitments, net resources and organizational performance during a set period of time. Therefore, even though not-for-profit organizations have unique characteristics that differentiate them from businesses, the financial reporting process is as same as in any other organization (Mcgraw, McManus & Viele, 2011).