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date: 25 June 2022

Financial Managementlocked

Financial Managementlocked

  • Roger A. LohmannRoger A. LohmannWest Virginia University

Summary

The management of finances in human service organizations has undergone a quiet revolution in the past three decades. This has included a complete and coordinated theory and practice of accounting, a still-incomplete theory and evolving set of practices in budgeting, and the accumulation of an expanding set of analytical tools and methods that reach well beyond what most human service organizations currently use. The new financial management paradigm is a model of the human service enterprise that is sufficiently robust and dynamic to encompass financial management practices in public, nonprofit, and private enterprises and to provide a platform for confronting privilege and challenging oppression.

Subjects

  • Administration and Management

Updated in this version

Content and references updated for the Encyclopedia of Macro Social Work.

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