| 英文摘要 |
To build up an efficient information disclosure mechanism and to maximize transparency are ways of increasing accountability and sustainability for nonprofit organizations. This research choose Hon Dao Senior Citizen’s Welfare Foundation in Taiwan (hereinafter referred to as Hon Dao) and China Ageing Development Foundation in China (hereinafter, China Ageing) for a comparative study on their financial data in attempt to provide some practical insights for other foundations and government policy-making. Our results show that: 1. Both Foundations provide financial transparency in their accounting practices, yet Hon Dao has shown better information disclosure and management accountability. 2. Government regulations on net assets accounting items across-strait show some differences. In general, policies in Taiwan give higher level of flexibility and stress more on self-regulation, while in China, regulations are more definitive. Financial statements of China Ageing provided information on fund-raising expenses, which help stakeholders to know its fund-raising performance; while Hon Dao listed its various revenue resources, provide outsiders with deeper understanding of its strategic development. 3. In Mainland China, government requires more accounting items preparation and information disclosure especially on restricted funds accounting and stock investment reporting. From the accountability point of view, these are more advanced and essential measures for the sustainable development of nonprofit foundations. |
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