EXPERT GUIDANCE ON HOW TO READ, INTERPRET, AND USE NONPROFIT FINANCIAL
STATEMENTS--UPDATED TO INCLUDE THE NEW FASB STANDARD FOR NONPROFIT
FINANCIAL REPORTING
Whether you're a nonprofit executive unfamiliar with the language of
financial statements or a seasoned pro, this book is the only guide
you'll need to correctly interpret those critical documents, refresh
your skills and familiarize yourself with the new FASB nonprofit
reporting standards.
The intent behind the recent FASB accounting standards update was to
improve the clarity and usefulness of nonprofit financial statements.
But making sense of those statements can still be tough for the
uninitiated. Accountants and non-accountants who use and prepare
nonprofit financial statements need guidance on how to interpret and
implement these new FASB standards. Written for both audiences, this
book:
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Clearly defines accounting terminology and concepts, while offering
numerous examples of financial statements reflecting both the old and
new FASB standards
-
Steers you, line-by-line, through financial reports, providing
in-depth explanations of the differences between the old and new
standards
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Provides numerous illustrations to help you quickly feel at home with
the format of nonprofit financial statements
-
Offers exercises to help you gain insight into the core concepts of
nonprofit financial statements and reinforce your command of those
concepts
In addition to the new FASB standards, this expanded edition includes:
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A new chapter on reserves, a long-standing challenge for nonprofits
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A new section on general financial analysis, outlining what financial
statement readers should look for to stay informed and satisfy their
responsibility regardless of their role
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A new chapter on benchmarking to help nonprofits measure performance
against industry peers
How to Read Nonprofit Financial Statements, Third Edition is an
invaluable resource for anyone who reads, interprets, or prepares these
all-important documents.
