Managerial Accounting at The American Red Cross



Managerial Accounting at The American Red Cross

Introduction to the Company

The chosen organization is a not for profit organization that serves for betterment of Humanity and is busy in provision of emergency help, support for disastrous situations, and educate deprived population with in USA. This organization has registered affiliation to International Federation of Red Cross and Red Crescent Societies. It also provides communal services for sake of helping needy people, services that ease communication for military soldiers and their families (www.redcross.org, n.d.).

It is also engaged in collecting, arranging, and distributing blood and related products. It has launched several educational services pertaining to health issues and safety procedures. This organization is primarily overseen by volunteers assigned by government and it manages its expenditures on the basis of funds and donations from community and government agencies. In addition, it also generates certain income from health related training programs and associated products such as blood.

Its main headquarter is located in Washington DC, USA. It's operations were initiated in 1881 by Clara Barton, the very president of the organization. This organization has also attained third rank in terms of fame and popularity in 1994 as a result of the study on charity organization, which was published in Chronicle of Philanthropy. It bet nighty seven other charitable organizations.

It is comprised of 650 chapters and 36 blood donation service centers. There are about more than a million volunteers working for this organization and employed 30,000 workers. It caters 67000 disasters on yearly basis and 12 million of population receives training in the field of medical and safety measures. It is responsible for supplying blood to more than 3000 hospitals domestically. It achieved around $6 billion from its sales in total in 2006 and around $2 billion from selling blood ...