The Not-For-Profit Accounting Field Guide

by Richard F. Larkin; Richard F. Larkin; Marie Ditommaso

• ISBN13: 9780471246374
• ISBN10: 0471246379
• Edition: Yearly Ed.
• Format: Paperback
• Copyright: 1999-10-01
• Publisher: John Wiley & Sons, Inc.

Summary

This practical and portable book focuses on the most significant and fundamental accounting principles used by not-for-profit organizations for financial reporting, without all the complex, technical details. It also provides a basic overview for those who are not directly responsible for accounting and financial statement preparation, but who need to understand them. Tables high-lighting key aspect of accounting principles produce quick answers and simple explanations.

Table of Contents

Overview of the Distinguishing Characteristics of Not-for-Profit Organizations	1	(9)
Basic Financial Statements of a Not-for-Profit Organization	10	(34)
Fund Accounting	44	(9)
Net Asset Classifications	53	(4)
Contributions, Pledges, and Noncash Contributions	57	(37)
Appendix A Checklist	75	(3)
Appendix B Checklist	78	(3)
Appendix C Checklist	81	(2)
Appendix D Checklist	83	(3)
Appendix E Checklist	86	(3)
Appendix F Checklist	89	(5)
Investments	94	(8)
Affiliated Organizations	102	(18)
Appendix A Checklist	116	(4)
Fund-Raising and Joint Costs	120	(12)
Split-Interest Agreements	132	(9)
Collections	141	(4)
Accounting for Specific Types of Not-for-Profits	145	(16)
Importance of Budgets to a Not-for-Profit	161	(7)
Principal Federal and State Tax Reporting and Regulatory Requirements	168	(19)
Inventory	187	(4)
Long-Lived Assets, Depreciation, and Impairment	191	(7)
Intangible Assets	198	(3)
Contingencies	201	(4)
Accounting for Pensions and Postretirement Benefits	205	(10)
Long-Term Liabilities and Extinguishment of Debt	215	(4)
Accounting Changes	219	(6)
Accounting for Leases	225	(3)
Financial Instruments	228	(8)
Capitalization of Interest Costs	236	(4)
Index	240