October 2003 - Christian Management Association

Christian Management Report

October 2003 Issue (Vol. 27, No. 5)

Focus: Financial Management

Title: The Invisible Corporation

We justify our actions by appearances; God examines our motives. (Proverbs 21:1, The Message)

In this issue…financial management issues are addressed, especially the Sarbanes-Oxley Act and how it's impacting nonprofits. ►Dorantes outlines the issues leading up to the most far-reaching legislation affecting the accounting profession since 1933. Dorantes and Howard help us understand the aspects of the Act likely to affect nonprofits. Hazelton addresses several areas where nonprofits are most vulnerable. And Goehner shows us how to hold down the increasing audit costs. ► In the lead article, Haggard explores the tension that often exists between the spiritual and corporate aspects of ministry. When managed in life-giving ways, the organization is protected and its spiritual testimony opens new doors for outreach. ► Handley’s article on patience and Swenson’s article on reducing the pace and stress of ministry make for a powerful duo. ► Happy reading and learning. --DeWayne Herbrandson, executive editor

MANAGEMENT FOCUS

The Invisible Corporation

Making God's Work the Primary Thing

By Ted Haggard, Founder/Senior Pastor

New Life Church

CEO/LEADERSHIP

A Perfect Storm

How a Financial Eruption Within the

Corporate World Impacts Nonprofits

By Andrew Dorantes, Partner

Capin Crouse LLP

FINANCIAL MANAGEMENT