Financial and Accounting Guide for Not-for-Profit Organizations / Edition 6

Financial and Accounting Guide for Not-for-Profit Organizations / Edition 6

by Malvern J. Gross, Richard F. Larkin, John H. McCarthy, John H. McCarthy
     
 

ISBN-10: 0471380393

ISBN-13: 9780471380399

Pub. Date: 04/01/2000

Publisher: Wiley

Nonprofit organizations are subject to complex sets of regulations that reflect the diverse organizations that are covered under these rules: charitable organizations, social welfare organizations, memberships organizations, advocacy groups, and many more.

Nonprofit accounting is especially difficult in the areas of fund accounting, cash vs. accrual

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Overview

Nonprofit organizations are subject to complex sets of regulations that reflect the diverse organizations that are covered under these rules: charitable organizations, social welfare organizations, memberships organizations, advocacy groups, and many more.

Nonprofit accounting is especially difficult in the areas of fund accounting, cash vs. accrual accounting, transfers and appropriations, treatment of fixed assets and contributions, pledges, and non-cash contributions.

This core volume (ISBN 0-471-38039-3) is supplemented annually.

Product Details

ISBN-13:
9780471380399
Publisher:
Wiley
Publication date:
04/01/2000
Series:
Wiley Nonprofit Law, Finance and Management Series, #135
Edition description:
Sixth Edition
Pages:
848
Product dimensions:
6.52(w) x 9.58(h) x 1.81(d)

Table of Contents

Responsibilities of Treasurers and Chief Executive Officers.

KEY FINANCIAL CONCEPTS.

Accounting Distinctions between Not-for-Profit and Commercial Organizations.

Cash versus Accrual Basis Accounting.

Fund Accounting and Internal Financial Reporting.

Interfund Transfers and Appropriations.

Fixed Assets—Some Accounting Problems.

Fixed Assets—Depreciation.

Investment Income, Gains and Losses, and Endowment Funds.

Affiliated Organizations, "Pass-Through" Transactions, and Mergers.

Contributions, Pledges, and Noncash Contributions.

Accounting Issues Relating to Fundraising.

FINANCIAL STATEMENT PRESENTATION.

Cash Basis Financial Statements.

Accrual Basis Financial Statements.

Multiclass Financial Statements.

ACCOUNTING AND REPORTING GUIDELINES.

Voluntary Health and Welfare Organizations.

Colleges and Universities.

Health Care Providers.

Accounting Standards for Other Not-for-Profit Organizations.

Special Accounting Issues for Specific Organizations.

The Financial Accounting Standards Board and Future Trends in Not-for-Profit Accounting.

CONTROLLING THE NOT-FOR PROFIT ORGANIZATION.

The Importance of Budgeting.

Avoiding Bankruptcy.

Small Organizations—Obtaining the Right Bookkeeper.

Small Organizations—Providing Internal Control.

Effective Internal Accounting Control for Not-for-Profit Organizations.

Independent Audits.

Investments.

PRINCIPAL FEDERAL TAX AND COMPLIANCE REQUIREMENTS.

Principal Federal Tax Requirements.

Principal Federal Tax Forms Filed.

State Compliance Requirements.

Audits of Federally Funded Programs.

SETTING UP AND KEEPING THE BOOKS.

Cash Basis Bookkeeping.

Simplified Accrual Basis Bookkeeping.

Full Accrual Basis Bookkeeping.

Fund Accounting Bookkeeping.

Automating the Accounting Records.

Appendices.

Bibliography.

Index.

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