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. 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 standardStatement of activitiesStatement of financial position and statement of cash flowNote disclosuresContribution conceptsFunctional expense and allocation of costsEndowmentsOperating versus non-operatingSplit interest agreements and beneficial trustsAgency transactionsProgrammatic investmentsCommon financial statement mistakes