Wiley Not-for-Profit GAAP 1999 : Interpretation and Application of Generally Accepted Accounting Standards for Not-for-Profit Organizations 1999

by Richard F. Larkin

• ISBN13: 9780471295969
• ISBN10: 0471295965
• Edition: Yearly Ed.
• Format: Paperback
• Copyright: 1999-02-01
• Publisher: John Wiley & Sons, Inc.

Summary

The essential reference tool for auditors of not-for-profit organizations. This comprehensive accounting and financial reporting guide is specifically for not-for-profit organizations and their auditors to use in the preparation of their financial statements in accordance with generally accepted accounting principles (GAAP). In a clear manner, this guide provides technical information for performing day-to-day accounting operations, accounting for complex and non-routine transactions, and preparing financial statements. Includes a financial statement disclosure checklist. Richard F. Larkin (Falls Church, VA) works in the Not-for-Profit Industry Services Group of Price Waterhouse LLP.

Table of Contents

Authoritative Accounting Pronouncements	xi
Part 1 Overview of a Not-for-Profit Organization	3	(16)
1 Basic Structure of a Not-for-Profit Organization	3	(4)
2 Cash Versus Accrual Basis Accounting	7	(12)
Part 2 Basic Financial Statements	19	(42)
3 Statement of Financial Position	19	(6)
4 Statement of Activities	25	(12)
5 Statement of Cash Flows	37	(12)
6 Other Financial Statement Issues	49	(12)
Part 3 Specific Not-for-Profit Accounting Topics	61	(130)
7 Fund Accounting	61	(14)
8 Net Assets	75	(16)
9 Contributions, Pledges, and Noncash Contributions	91	(18)
Appendix A Checklist	109	(3)
Appendix B Checklist	112	(2)
Appendix C Checklist	114	(2)
Appendix D Checklist	116	(3)
Appendix E Checklist	119	(3)
Appendix F Checklist	122	(5)
10 Investments	127	(12)
11 Affiliated Organizations	139	(18)
Appendix A Checklist	153	(4)
12 Split-Interest Agreements	157	(10)
13 Fund-Raising and Joint Costs	167	(14)
14 Functional Reporting	181	(4)
15 Collections	185	(6)
Part 4 Other Accounting Related Not-for-Profit Issues Topics	191	(90)
16 Accounting for Other Types of Not-for-Profits	191	(20)
Associations and Professional Societies	191	(3)
Churches	194	(1)
Clubs	195	(2)
Libraries	197	(1)
Museums	198	(2)
Performing Arts Organizations	200	(2)
Private Foundations	202	(3)
Religious Organizations Other Than Churches	205	(1)
Research and Scientific Organizations	206	(2)
Private Elementary and Secondary Schools	208	(3)
17 Importance of Budgets to a Not-for-Profit	211	(20)
18 Principal Federal and State Tax Reporting and Regulatory Requirements	231	(50)
Part 5 General Accounting Topics Applied to Not-for-Profit Organizations	281	(182)
19 Current Assets and Current Liabilities	281	(8)
20 Inventory	289	(8)
21 Long-Lived Assets, Depreciation, and Impairment	297	(12)
22 Intangible Assets	309	(6)
23 Contingencies	315	(10)
24 Business Combinations	325	(10)
25 Accounting for Pensions and Postretirement Benefits	335	(36)
26 Long-Term Debt and Restructuring Troubled Debt	371	(18)
27 Accounting Changes	389	(14)
28 Accounting for Leases	403	(40)
29 Financial Instruments	443	(12)
30 Capitalization of Interest Costs	455	(8)
Appendix: Disclosure Checklist	463	(30)
1999 Self-Study CPE Program	493	(36)
Index	529