Wiley Not-For-Profit Gaap 2002: Interpretation and Application of Generally Accepted Accounting Principles for Not-For-Profit Organizations

by Larkin, Richard F.; Ditommaso, Marie

• ISBN13: 9780471438922
• ISBN10: 0471438928
• Format: Paperback
• Copyright: 2001-12-01
• Publisher: John Wiley & Sons Inc

Summary

Updated annually, a comprehensive accounting and financial reporting guide for use by not-for-profit organizations and their auditors in preparing financial statements in accordance with the generally accepted accounting principles (GAAP). Written to meet the needs of both the financial statement preparer and the attester, this book provides a complete review of the authoritative accounting literature that impacts all types of nonprofits. Comprehensive and user-friendly, Wiley's Not-for-Profit GAAP 2002 is a must have for all nonprofit accounting professionals as well as for accountants and financial consultants who advise nonprofits.

Table of Contents

Authoritative Accounting Pronouncements.

PART 1: OVERVIEW OF A NOT-FOR-PROFIT ORGANIZATION.

1. Basic Structure of a Not-for-Profit Organization.

2. Cash versus Accrual Basis Accounting.

PART 2: BASIC FINANCIAL STATEMENTS.

3. Statement of Financial Position.

4. Statement of Activities.

5. Statement of Cash Flows.

6. Other Financial Statement Issues.

PART 3: SPECIFIC NOT-FOR-PROFIT ACCOUNTING TOPICS.

7. Fund Accounting.

8. Net Assets.

9. Contributions, Pledges, and Noncash Contributions.

10. Investments.

11. Affiliated Organizations.

12. Split-Interest Agreements.

13. Fund-Raising and Joint Costs.

14. Functional Reporting.

15. Collections.

PART 4: OTHER ACCOUNTING-RELATED NOT-FOR-PROFIT ISSUES TOPICS.

16. Accounting for Specific Types of Not-for-Profits.

Associations and Professional Societies.

Churches.

Clubs.

Libraries.

Museums.

Performing Arts Organizations.

Private Foundations.

Religious Organizations other than Churches.

Research and Scientific Organizations.

Private Elementary and Secondary Schools.

Public Broadcasting Systems.

17. Importance of Budgets to a Not-for-Profit.

18. Principal Federal and State Tax Reporting and Regulatory Require-ments.

PART 5: GENERAL ACCOUNTING TOPICS APPLIED TO NOT-FOR-PROFIT ORGANIZATIONS.

19. Current Assets and Current Liabilities.

20. Inventory.

21. Long-Lived Assets, Depreciation, and Impairment.

22. Intangible Assets.

23. Contingencies.

24. Business Combinations.

25. Accounting for Pensions and Postretirement Benefits.

26. Long-Term Debt and Restructuring Troubled Debt.

27. Accounting Changes.

28. Accounting for Leases.

29. Financial Instruments.

30. Capitalization of Interest Costs.

Appendix: Disclosure Checklist.

2002 Self-Study CPE Program.

Index.