This title provides the tools necessary to go beyond the theory and
create value-added services for accountants' clients. In 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