Wiley Not-For-Profit GAAP: Interpretation and Application of Generally Accepted Accounting Principles for Not-For-Profit Orga

by Richard F. Larkin; Marie Ditommaso

• ISBN13: 9780471351115
• ISBN10: 0471351113
• Format: Paperback
• Copyright: 2000-02-01
• Publisher: John Wiley & Sons, Inc.

Summary

Wiley Not-for-Profit GAAP excels in providing financial statement preparers and attestors with the most comprehensive and usable information because of these features: Easy-to-use, carefully arranged information that enables the reader to find needed information quickly Coverage of accounting principles specifically related to not-for-profit organizations as well as accounting principles applicable to all types of organizations Specific coverage of accounting issues for different types of not-for-profit organizations A comprehensive disclosure checklist that helps financial statement preparers and attestors ensure all disclosures required by GAAP Many examples and illustrations that make putting accounting theory into practice an easy task

Table of Contents

Authoritative Accounting Pronoucements	xi
Part 1 Overview of a Not-for-Profit Organization
Basic Structure of a Not-for-Profit Organization	3	(4)
Cash Versus Accrual Basis Accounting	7	(12)
Part 2 Basic Financial Statements
Statement of Financial Position	19	(6)
Statement of Activities	25	(12)
Statement of Cash Flows	37	(12)
Other Financial Statement Issues	49	(12)
Part 3 Specific Not-for-Profit Accounting Topics
Fund Accounting	61	(14)
Net Assets	75	(14)
Contributions, Pledges, and Noncash Contributions	89	(32)
Appendix A Checklist	106	(2)
Appendix B Checklist	108	(2)
Appendix C Checklist	110	(2)
Appendix D Checklist	112	(2)
Appendix E Checklist	114	(3)
Appendix F Checklist	117	(4)
Investments	121	(12)
Affiliated Organizations	133	(20)
Appendix A Checklist	150	(3)
Split-Interest Agreements	153	(10)
Fund-Raising and Joint Costs	163	(14)
Functional Reporting	177	(4)
Collections	181	(6)
Part 4 Other Accounting Related Not-for-Profit Issues Topics
Accounting for Other Types of Not-for-Profits	187	(16)
Associations and Professional Societies	188	(2)
Churches	190	(1)
Clubs	191	(2)
Libraries	193	(1)
Museums	193	(2)
Performing Arts Organizations	195	(1)
Private Foundations	196	(3)
Religious Organizations Other Than Churches	199	(1)
Research and Scientific Organizations	200	(1)
Private Elementary and Secondary Schools	201	(2)
Importance of Budgets to a Not-for-Profit	203	(20)
Principal Federal and State Tax Reporting and Regulatory Requirements	223	(48)
Part 5 General Accounting Topics Applied to Not-for-Profit Organizations
Current Assets and Current Liabilities	271	(8)
Inventory	279	(8)
Long-Lived Assets, Depreciation, and Impairment	287	(12)
Intangible Assets	299	(6)
Contingencies	305	(10)
Business Combinations	315	(10)
Accounting for Pensions and Postretirement Benefits	325	(34)
Long-Term Debt and Restructuring Troubled Debt	359	(18)
Accounting Changes	377	(14)
Accounting for Leases	391	(40)
Financial Instruments	431	(10)
Capitalization of Interest Costs	441	(6)
Appendix: Disclosure Checklist	447	(1)
2000 Self-Study CPE Program	447	(66)
Index	513