A CASE STUDIES MULTIPLE ON THE MANAGEMENT OF FINANCIAL RESOURCES IN THE THIRD SECTOR ORGANIZATIONS

This paper aims to investigate how Third Sector Organizations control financial resources donated through formal agreements with financing institutions, and used to accomplish their social activities. The literature search focused on a theoretical framework which highlights the need for more concern by managers of Third Sector Organizations with the way they are managing the financial resources sent to them for the achievement of their social aims. The literature shows that the improvement of internal control and the management of these organizations is very important in order to fulfil the financing institutions requirements, to build trust and to receive more financial resources, and as a result, continue developing their proposed social activities and improving their own internal managerial structure. The methodology adopted in this research is based on multiple case studies with seven organizations in Pernambuco’s State (Northeast of Brazil). Data was collect by using documents, interviews and direct observation. The findings of this research reveal that there are faults in the process of managing financial resources, mainly due to the lack of division of labour functions between team members who act in the projects. Moreover, none of the organizations use accounting for controlling the LOPES, Leandro da Costa; ANDRADE, Cacilda Soares de; MEIRA, Juliana Matos de; SANTOS, Aldemar Araujo dos; FERREIRA, Joaquim Osorio Liberalquino Revista de Contabilidade e Controladoria, ISSN 1984-6266 Universidade Federal do Parana, Curitiba, v. 4, n.3, p. 24-36, set./dez. 2012. 26 resources, with the argument that there is a lack of opportunity in the reception of accounting reports.