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To succeed, a nonprofit organization must be efficient as well as effective. The key to effectiveness and efficiency is a combination of management and accounting. . Combining some of the business world's proven management practices with others designed especially for the nonprofit, offers the modern nonprofit organization a much better chance of effective and efficient mission accomplishment. That, together with efficient and effective accounting practices which produce quality financial information and transparency to the public, can be a winning combination for the nonprofit organization of the twenty-first century.