Wiley Not-for-Profit GAAP 2011: Interpretation and Application of Generally Accepted Accounting Principles

by Richard F. Larkin, Marie DiTommaso

Overview

The most practical, authoritative guide to not-for-profit GAAP

Wiley Not-for-Profit GAAP 2011 is a comprehensive, easy-to-use guide to the accounting and financial reporting principles used by not-for-profit organizations. Written with the needs of the financial statement preparer, user, and attestor in mind, this guide provides a complete review of the authoritative accounting literature that impacts all types of not-for-profit organizations. At the same time, Wiley Not-for-Profit GAAP 2011 features many examples and illustrations that will assist professionals in applying authoritative literature to real-life situations.

• Easy-to-use information that enables users 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 that all disclosures required by GAAP have been considered
• Many examples and illustrations that make putting accounting theory into practice an easy task

Destined to become the reference you keep at your side, Wiley Not-for-Profit GAAP 2011 strives to be a thorough, reliable reference that nonprofit accounting professionals will use constantly.

Product Details

ISBN-13:	9781118060087
Publisher:	Wiley
Publication date:	02/09/2011
Sold by:	JOHN WILEY & SONS
Format:	eBook
Pages:	552
File size:	9 MB

About the Author

Richard F. Larkin, CPA (Bethesda, MD) is technical director of not-for-profit accounting and auditing for Long Group, Chartered, in Bethesda, Maryland. He is a certified public accountant with over 35 years of experience serving not-for-profit organizations. He teaches, speaks, and writes extensively on not-for-profit industry matters.

Marie DiTommaso, CPA, (Woodcliff Lake, NJ) is a partner in her own CPA practice, DiTommaso & Ruppel, CPAs. She has over 20 years of experience in accounting and financial reporting in both the not-for-profit and commercial accounting environments.

Table of Contents

Preface.

About the Authors.

Not-for-Profit Accounting Literature.

Part 1 Overview of Not-for-Profit Organizations.

Chapter 1 Overview of Not-for-Profit Organizations.

Chapter 2 Cash versus Accrual Basis Accounting.

Part 2 Basic Financial Statements.

Chapter 3 Statement of Financial Position.

Chapter 4 Statement of Activities.

Chapter 5 Statement of Cash Flows.

Chapter 6 Other Financial Statement Issues.

Part 3 Specific Not-for-Profit Accounting Topics.

Chapter 7 Fund Accounting.

Chapter 8 Net Assets.

Chapter 9 Contributions, Pledges, and Noncash Contributions.

Appendix A Checklist.

Appendix B Checklist.

Appendix C Checklist.

Appendix D Checklist.

Appendix E Checklist.

Appendix F Checklist.

Chapter 10 Investments.

Chapter 11 Affiliated Organizations.

Appendix A Checklist.

Chapter 12 Split-Interest Agreements.

Chapter 13 Fund-Raising and Joint Costs.

Appendix A Checklist.

Chapter 14 Functional Reporting.

Chapter 15 Collections.

Part 4 Other Accounting-Related Not-for-Profit Topics.

Chapter 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.

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

Chapter 18 Principal Federal and State Tax Reporting and Regulatory Requirements.

Part 5 General Accounting Topics Applied to Not-for-Profit Organizations.

Chapter 19 Current Assets and Current Liabilities.

Chapter 20 Inventory.

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

Chapter 22 Intangible Assets.

Chapter 23 Contingencies.

Chapter 24 Mergers and Acquisitions.

Chapter 25 Accounting for Pensions and Postretirement Benefits.

Chapter 26 Long-Term Liabilities.

Chapter 27 Accounting Changes.

Chapter 28 Accounting for Leases.

Chapter 29 Financial Instruments.

Chapter 30 Capitalization of Interest Costs.

Appendix: Disclosure Checklist.

Index.