Not-for-profit ratios for financial resilience and internal accountability : a study of Australian international aid organisations

Ryan, Christine M. & Irvine, Helen J. (2012) Not-for-profit ratios for financial resilience and internal accountability : a study of Australian international aid organisations. Australian Accounting Review, 22(2), pp. 177-194.

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Not-for-profit (NFP) financial ratio research has focused primarily on organisational efficiency measurements for external stakeholders. Ratios that also capture information about stability, capacity (liquidity), gearing and sustainability, enable an assessment of financial resilience. They are thus valuable tools that can provide a framework of internal accountability between boards and management. The establishment of an Australian NFP regulator highlights the importance of NFP sustainability, and affirms the timeliness of this paper. We propose a suite of key financial ratios for use by NFP boards and management, and demonstrate its practical usefulness by applying the ratios to financial data from the 2009 reports of ACFID (Australian Council for International Development)-affiliated international aid organisations.

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3 citations in Scopus
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4 citations in Web of Science®

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ID Code: 51073
Item Type: Journal Article
Refereed: Yes
Keywords: not-for-profits, financial ratios, internal stakeholders
DOI: 10.1111/j.1835-2561.2012.00163.x
ISSN: 1835-2561
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
Copyright Owner: Copyright 2012 CPA Australia
Copyright Statement: The definitive version is available at
Deposited On: 26 Jun 2012 22:53
Last Modified: 03 Jul 2013 07:10

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