Page 12 - Microsoft Word - 00 ACCA F1 Notes Prelims.docx

Chapter 1

3.2 Not for profit organisations

Government
departments

Schools Examples of Hospitals
not for profit

organisations

Clubs Charities

The objectives of different NFPs vary significantly.

 Hospitals –

 Councils –

 Government organisations –

 A charity – may have ‘provision of relief to victims of disasters’ as its main
objective

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