financial statements

Important Questions to Ask on Presentation of AFS

1. How long ago was the last audit conducted?
2. What does the Auditor’s Opinion say – is it qualified or unqualified?

Balance Sheet

3. Does the organisation have enough ready cash (see ‘Cash at Bank’ listed under Current Assets) to pay off its immediate debts (see Creditors)?
4. How long could the organisation survive if all of its funding dried up? (Calculate the ‘survival ratio’) How does this compare to last year?

Income & Expenditure (or Profit and Loss) Account

NGO Services

NGO Services
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