World Vision Canada Case Study

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World Vision Canada is "a Christian alleviation, improvement, and support association attempting to make an enduring change in the lives of youngsters, families, and networks to defeat destitution and shamefulness." World Vision Canada is the biggest private help and advancement office in Canada based in Mississauga, Ontario. It is a piece of the World Vision Partnership driven by World Vision International.
An American Missionary, Bob Pierce started World Vision in 1950. In between the journey to China in 1947, Pierce was welcome to talk at a young ladies' school driven by Tena Holkeboer, an evangelist with the Reformed Church in America. Puncture urged the understudies to go home and advise their families that they were currently Christian. …show more content…
A not-for-profit organization's members, contributors and other resource providers do not, in such capacity, receive any financial return directly from the organization."
Non-profit accounting is based on the premise of calculating changes in assets available for future services. This change is captured in the statement of operations, whereas a for-profit entity uses an income statement. Revenues represent an increase in assets available for future services and expenses represent a decrease.
There is another significant difference between profit and non-profit organizations when it comes to revenue. Like a for-profit entity, a non-profit can have earned revenue from such sources as selling goods, providing services or receiving rent, interest, or royalties from the use of its resources. Unlike a business, however, a non-profit also receives revenue from direct contributions such as donations and grants. Non-profit companies may utilize one of two discretionary bookkeeping techniques to perceive income from these

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