Accounting and Reporting for Not-For-Profit Organizations

This title provides the tools necessary to go beyond the theory and create value-added services for accountants' clients. In the not-for-profit arena. This book allows readers to examine, evaluate, and perform case studies, which will enhance their working knowledge of fundamental not-for-profit accounting and reporting, presentation requirements, note disclosures unique to not-for-profits, and options allowed under generally accepted accounting principles.Key topics include:* Financial statement presentation, including FASB's financial reporting standard* Statement of activities* Statement of financial position and statement of cash flow* Note disclosures* Contribution concepts* Functional expense and allocation of costs* Endowments* Operating versus non-operating* Split interest agreements and beneficial trusts* Agency transactions* Programmatic investments* Common financial statement mistakes

List of contents

Case Study 1 1-1The Big Picture 1-1Case Study 2 2-1Statement of Activities 2-1Case Study 3 3-1Statement of Financial Position and Statement of Cash Flows 3-1Case Study 4 4-1Note Disclosures 4-1Case Study 5 5-1Contribution Concepts 5-1Case Study 6 6-1Contribution Versus Exchange Transactions 6-1Case Study 7 7-1Contributed Services, Facilities, and Gifts In-Kind 7-1Case Study 8 8-1Collections 8-1Case Study 9 9-1Functional Expenses and Allocation of Costs 9-1Case Study 10 10-1Endowments 10-1Case Study 11 11-1Operating Versus Non-operating 11-1Case Study 12 12-1Split-Interest Agreements and Beneficial Trusts 12-1Questions 12-3Case Study 13 13-1Relationships With Other Entities 13-1Relationships with other NFPs 13-2Relationship with for-profit entities 13-5Consolidated financial statements 13-7Case Study 14 14-1Agency Transactions 14-1Case Study 15 15-1Programmatic Investments 15-1Case Study 16 16-1Common Financial Statement Mistakes 16-1Glossary Glossary 1Index Index 1Solutions Solutions 1Case study 1 Solutions 1Case study 2 Solutions 1Case study 3 Solutions 2Case study 4 Solutions 3Case study 5 Solutions 4Case study 6 Solutions 5Case study 7 Solutions 5Case study 8 Solutions 6Case study 9 Solutions 7Case study 10 Solutions 8Case study 11 Solutions 8Case study 12 Solutions 9Case study 13 Solutions 9Case study 14 Solutions 10Case study 15 Solutions 11Case study 16 Solutions 11Case Study Solutions Case Study Solutions 1Case study 1 Case Study Solutions 1Case study 2 Case Study Solutions 2Case study 3 Case Study Solutions 3Case study 4 Case Study Solutions 3Case study 5 Case Study Solutions 5Case study 6 Case Study Solutions 7Case study 7 Case Study Solutions 7Case study 8 Case Study Solutions 9Case study 9 Case Study Solutions 10Case study 10 Case Study Solutions 10Case study 11 Case Study Solutions 11Case study 12 Case Study Solutions 12Case study 13 Case Study Solutions 13Case study 14 Case Study Solutions 13Case study 15 Case Study Solutions 14Case study 16 Case Study Solutions 1

About the author

Melisa F. Galasso, CPA, is the founder and CEO of Galasso Learning Solutions LLC. She designs and facilitates courses in advanced technical accounting and auditing topics, including not for profit and governmental accounting. Galasso is a Certified Professional in Learning & Performance (CPLP) and has earned the Association for Talent Development Master Trainer(TM) designation. She also serves on the FASB's Not-for-Profit Advisory Committee (NAC), the AICPA's Technical Issues Committee (TIC), has had leadership roles on various A&A committees, and serves on the VSCPA's Board of Directors. She is a 2020 Enterprising Women of the Year Award recipient and was honored as a "40 under 40" by CPA Practice Advisor in 2017 and 2018. She was also named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training.

Summary

This title provides the tools necessary to go beyond the theory and create value-added services for accountants' clients. In the not-for-profit arena. This book allows readers to examine, evaluate, and perform case studies, which will enhance their working knowledge of fundamental not-for-profit accounting and reporting, presentation requirements, note disclosures unique to not-for-profits, and options allowed under generally accepted accounting principles.

Key topics include:
* Financial statement presentation, including FASB's financial reporting standard
* Statement of activities
* Statement of financial position and statement of cash flow
* Note disclosures
* Contribution concepts
* Functional expense and allocation of costs
* Endowments
* Operating versus non-operating
* Split interest agreements and beneficial trusts
* Agency transactions
* Programmatic investments
* Common financial statement mistakes

Product details

• Authors: Melisa F Galasso, Melisa F. Galasso, Mf Galasso
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Paperback / Softback
• Released: 31.07.2020
• EAN: 9781119744726
• ISBN: 978-1-119-74472-6
• No. of pages: 160
• Series: AICPA
• Subjects: Social sciences, law, business > Business > Business administration; Rechnungswesen, Business & management, Gemeinnützige Organisation, Wirtschaft u. Management, Gemeinnützige Organisationen / Finanz- u. Rechnungswesen, Non-Profit Organizations / Finance & Accounting