Differentiate Between Static Reports and Dynamic Reports

question 98

Essay

Differentiate between static reports and dynamic reports.

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Definitions:

Program Services Expenses

Costs directly related to the operational activities of a nonprofit organization, including expenses for its principal services offered to the community.

Supporting Services Expenses

Costs incurred by an organization, particularly in the nonprofit sector, that are necessary to support its main operational activities, including management, administrative, and fundraising expenses.

Statement of Activities

A financial report primarily used by non-profits, showing revenue and expenses over a period to reflect changes in net assets.

With Donor Restrictions

Refers to contributions received by a nonprofit organization that are subject to specific limitations or conditions set by donors.