Discuss the importance of a sound financial decision making for the organization in achieving its main mission and objectives.Housing for All organization uses a cash -based double-entry accounting system.

Describe the main characteristics of such a book keeping system.Using a double-entry transaction, describe how a $100donation in cash would be recorded in the organization’s ledgers (provide a general description of how the transition is recorded without mentioning any specific account names or other accounting details).

Describe the relationship between the Balance Sheet and Income statements and what kind of financial data is used to construct each of the statements.

Discuss how the information provided by the Balance Sheet and the Income Statement help you asses the financial position of a human services organization like Housing for All At the end of the year, Housing for All financial statements showed a cash position of $15,000, current assets of $40,000and short-term debts of $20,000. The organization is concerned that the cash on hand is not enough to cover the short-term debts that are coming due very soon.Propose a couple of financial strategies that would allow the organization to increase its cash position to meet the short-term debts obligations.

Briefly describe how financial, solvency and profitability ratios can be used to improve the financial decision-making in the 1 / 2
organization.In your conclusion, write a brief statement regarding if what you learned by doing this case assignment is applicable to your current organization, agency or practice.