This title provides the tools necessary to go beyond the theory and create value-added services for accountants squo; 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
