1. Nonprofit Financial Statements do not include a Profit/LossStatement whih is an important financial statement in theFor-profit sector and is important for reflecting how well abusiness performed during the reported period. If a perspectivedonor asked you for this information for your nonprofitorganization, how would you respond and what FinancialDocumentation would you use to present your nonprofits "FinancialPerformance"?
2. Discuss the purpose of the following nonprofit financialstatements and what purpose they might serve in presenting yourorganization's financial standing to your board and potentialdonors: Statement of Financial Position, Statement of Activities,Statement of Cash Flows, and Statement of Functional Expenses
