Abcs of Not-For-Profit Accounting and Financial/990 Reporting

Written in non-complicated prose and reducing complex rules to easily understandable concepts, this book offers a fundamental understanding of how not-for-profit organizations are formed, their structure, and the unique accounting and reporting issues they face.

Table des matières

CHAPTER 1: INTRODUCTION. CHAPTER 2: NOT-FOR-PROFIT (NFP) FORMATION, OBTAINING INCOME TAX EXEMPTION & REGISTRATIONS. CHAPTER 3: NFP OVERSIGHT & MANAGEMENT. CHAPTER 4: NFP INTERNAL CONTROLS & ACCOUNTING SYSTEM. CHAPTER 5: NFP GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). CHAPTER 6: ACCOUNTING FOR ASSETS (INCLUDING RECEIVABLES & OPERATING LEASES). CHAPTER 7: ACCOUNTING FOR LIABILITIES & NET ASSETS. CHAPTER 8: ACCOUNTING FOR SUPPORT AND REVENUE (INCLUDING CONTRIBUTIONS & GOVERNMENT GRANTS). CHAPTER 9: FISCAL SPONSORS, FISCAL AGENTS & DONOR-ADVISED FUNDS. CHAPTER 10: ACCOUNTING FOR PERSONNEL & OTHER EXPENSES. CHAPTER 11: NFP FINANCIAL STATEMENTS. CHAPTER 12: INVESTMENTS, POOLING, AND SPLIT-INTEREST AGREEMENTS. CHAPTER 13: SUBSIDIARIES & INTERRELATED ENTITIES. CHAPTER 14: BUDGET DEVELOPMENT AND APPLICATIONS. CHAPTER 15: SPECIAL TYPES OF NFP ORGANIZATIONS. CHAPTER 16: REGULATORY REPORTING (990, 990-T, & 990-PF). CHAPTER 17: CONTRIBUTIONS/GRANT APPLICATIONS & REPORTING. CHAPTER 18: AUDITS - TYPES & PROCEDURES. CHAPTER 19: CONCLUSION. APPENDIX A: TAX-EXEMPT ORGANIZATION REFERENCE CHART. APPENDIX B: SAMPLE NFP CHART OF ACCOUNTS. APPENDIX C: ABBREVIATIONS

A propos de l'auteur

Laurence Scot is the co-managing partner of Skody Scot & Company, an NYC based CPA firm formed in 1990 that specializes in servicing local, national, and international NFPs. He is certified in NJ & NY, taught, and continues to teach undergraduate and graduate courses at several colleges, has been lecturing and giving seminars on many subjects for 25+ years, has written peer-reviewed articles, and has received several awards for his civic activities.

Résumé

Written in non-complicated prose and reducing complex rules to easily understandable concepts, this book offers a fundamental understanding of how not-for-profit organizations are formed, their structure, and the unique accounting and reporting issues they face.

Détails du produit

• Auteurs: Laurence Scot, Scot Laurence
• Edition: Taylor & Francis Ltd.
• Langues: Anglais
• Format d'édition: Livre de poche
• Sortie: 30.12.2024
• EAN: 9781032818665
• ISBN: 978-1-0-3281866-5
• Pages: 274
• Catégories: Sciences sociales, droit, économie > Economie > Autres; BUSINESS & ECONOMICS / Accounting / General, BUSINESS & ECONOMICS / Strategic Planning, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Accounting / Managerial, BUSINESS & ECONOMICS / Government & Business, BUSINESS & ECONOMICS / Public Finance, BUSINESS & ECONOMICS / Accounting / Financial, business strategy, Financial Accounting, Non-profitmaking organizations, Management accounting & bookkeeping, Public ownership / nationalization, Financial Reporting, Financial Statements, Management accounting, bookkeeping and auditing, Public finance accounting