The Simplified Guide to Not-for-Profit Accounting, Formation & Reporting / Edition 1

The Simplified Guide to Not-for-Profit Accounting, Formation & Reporting / Edition 1

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by Laurence Scot
     
 

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ISBN-10: 0470575441

ISBN-13: 9780470575444

Pub. Date: 06/01/2010

Publisher: Wiley

If you need basic, easy-to-understand information on how Not-for-Profit organizations are formed, how they're structured, and the unique accounting and reporting issues they face, The Simplified Guide to Not-for-Profit Accounting, Formation, and Reporting is the only resource you need.

This comprehensive guide provides you with expert advice on how to maintain

Overview

If you need basic, easy-to-understand information on how Not-for-Profit organizations are formed, how they're structured, and the unique accounting and reporting issues they face, The Simplified Guide to Not-for-Profit Accounting, Formation, and Reporting is the only resource you need.

This comprehensive guide provides you with expert advice on how to maintain the financial "books" of a typical Not-for-Profit entity and what is needed to comply with most reporting requirements. Plus, it lays out what a Not-for-Profit organization is, the rules it must follow, the role and responsibilities of its board of directors, and the various regulatory agencies that Not-for-Profits must report to.

Straightforward and hands-on, this effective reference will help you navigate through all of the key accounting and reporting issues unique to the Not-for-Profit world, including:

Step-by-step instructions for forming a Not-for-Profit

Not-for-Profit internal controls and financial statements

Developing a "chart of accounts" and operating budgets

Not-for-Profit accounting rules and GAAP

Everything you need to know about the new Form 990

Accounting for unrestricted and restricted contributions, grants, and other revenue

Plus much more!

Whether you are performing accounting functions, responsible for financial management, or simply want to understand Not-for-Profit accounting, operations, and reporting, The Simplified Guide to Not-for-Profit Accounting, Formation, and Reporting is a great and handy book to have around for easy reference.

Product Details

ISBN-13:
9780470575444
Publisher:
Wiley
Publication date:
06/01/2010
Pages:
288
Sales rank:
225,789
Product dimensions:
7.00(w) x 9.90(h) x 0.80(d)

Table of Contents

Preface vii

Chapter 1 Introduction 1

Chapter 2 NFP Organization Formation 7

Chapter 3 NFP Organizational Structure 29

Chapter 4 Introduction to NFP Accounting and Reporting 41

Chapter 5 NFP Accounting System and Financial Statements 63

Chapter 6 Assets-Concepts and Data Flow 87

Chapter 7 Liabilities and Net Assets-Concepts and Data Flow 123

Chapter 8 Accounting for Support and Revenue 139

Chapter 9 Accounting for Personnel Costs, and Other Expenses 155

Chapter 10 Investments, Pooling, and Split-Interest Agreements 173

Chapter 11 Subsidiaries and Interrelated Entities 183

Chapter 12 Budget Development and Applications 189

Chapter 13 Special Types of NFP Organizations 199

Chapter 14 Regulatory Reporting (990, 990-T, and 990-PF) 205

Chapter 15 Contribution/Grant Applications and Reporting 227

Chapter 16 Audits-Preparation and Response 235

Chapter 17 Conclusion 243

Appendix A Tax-Exempt Organization Reference Chart 245

Appendix B Sample NFP Chart of Accounts 253

Appendix C Abbreviations 257

Glossary 259

About the Author 269

Index 271

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Simplified Guide to Not-for-Profit Accounting, Formation & Reporting 5 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago
This is an excellent book on not-for-profit accounting and provides a great look into the NFP world! I was lucky enough to take Larry's accounting course that uses this book. Besides having a very deep background in NFP accounting, he provides a lot of first hand experiences. This added a lot of color to his class and it comes through in the book as well. It's an excellent accounting book, but also provides a window into the NFP world...very valuable to any like me who are new to NFPs. I would highly recommend this book!