Discuss the Three Categories of HRM Activities in Terms of Their

question 8

Essay

Discuss the three categories of HRM activities in terms of their strategic value to a firm.

Distinguish between the types of funds within an NFPO and the reporting requirements for each.

Recognize correct accounting treatments for capital assets, including capitalization, amortization, and exemption conditions.

Understand the criteria for recording bequests and donations and their impact on financial statements.

Identify the different financial statements required by not-for-profit organizations and the unique components of each.

---

Definitions:

Electrolyte

A chemical compound that, when melted or dissolved in water or another solvent, dissociates into ions and becomes capable of conducting electricity.

Rectification

The process of converting alternating current (AC) to direct current (DC) using diodes or other rectifying devices.

Direct Current

Electrical current that flows only from zero to positive and does not alternate negative and positive as AC does; the type of current created by the use of a battery.

Alternating Current

The form in which electrical current is generated at power stations and transmitted along power lines to customers. Alternating current is created by causing electrons to flow in an alternating positive and negative manner.