Accounting and Reporting for Not-for-Profit Organizations

This title provides the tools necessary to go beyond the theory and create value-added services for accountants' clients inn the not-for-profit arena. This book allows readers to examine, evaluate, and perform case studies, which will enhance their working knowledge of fundamental not-for-profit accounting and reporting, presentation requirements, note disclosures unique to not-for-profits, and options allowed under generally accepted accounting principles.

Key topics include:

• Financial statement presentation, including FASB's financial reporting standard

• Statement of activities

• Statement of financial position and statement of cash flow

• Note disclosures

• Contribution concepts

• Functional expense and allocation of costs

• Endowments

• Operating versus non-operating

• Split interest agreements and beneficial trusts

• Agency transactions

• Programmatic investments

• Common financial statement mistakes

Note: This book is available for free as an e-book on Candid's Overdrive library and is also sold by several booksellers.