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Informationen zum Autor ANDREW S. LANG, CPA, Potomac, MD, is President of LangCPA Consulting. WILLIAM D. EISIG, CPA, McLean, VA, is Atlantic Managing Partner BDO USA, LLP and Executive Director of the BDO Institute for Nonprofit ExcellenceSM. LEE KLUMPP, CPA, CGMA, McLean, VA, is the National Nonprofit & Education Industry Group Audit and Accounting Technical Director at BDO USA, LLP. TAMMY RICCIARDELLA, CPA, McLean, VA, is a Director at BDO Institute for Nonprofit ExcellenceSM. Klappentext Clear guidance with coverage of the new changes to the FASB standardsHow to Read Nonprofit Financial Statements clarifies FASB standards to help you quickly and easily understand the nonprofit's most important document. Expert authors help you navigate through the financial reports line by line, with clear explanation of FASB standards and their correct implementation. This new second edition has been updated to reflect recent updates to the standards, with insider guidance toward the changes that directly impact nonprofit financial statement preparation. The FASB's changes focus on the reporting model for the statement of activities, net asset classification, statement of cash flows, and disclosures, along with new footnote disclosures for improving statement relevance and understandability. This book explains both the new and existing standards with depth, clarity, and expert insight to give you a practical understanding of the nonprofit financial statement.Nonprofit accounting standards have remained more or less static for the past 20 years; recently, the FASB Nonprofit Accounting Committee agreed to a significant update, leaving organizations grasping for guidance toward interpretation and implementation. This book provides a much-needed resource for anyone parsing a nonprofit financial statement.* Get line-by-line guidance to each part of the financial statement* Assess financial information more quickly with deeper understanding* Reference step-by-step instructions for complex documents* Understand Financial Position, Activities, Cash Flow, and moreThe new standards are significant enough that even experienced nonprofit professionals would benefit from guidance, and the coverage in this book provides a versatile resource both for step-by-step instruction and quick reference. How to Read Nonprofit Financial Statements is your essential reference for clarity and understanding. Zusammenfassung Clear guidance with coverage of the new changes to the FASB standards How to Read Nonprofit Financial Statements clarifies FASB standards to help you quickly and easily understand the nonprofit's most important document. Inhaltsverzeichnis Preface vii Learning Objectives ix Introduction xi Chapter 1 Why You Need to Understand the Update to the Nonprofit Reporting Model 1 Chapter 2 Why Update the Nonprofit Reporting Model? 3 Chapter 3 Highlights of the Major Changes to the Nonprofit Reporting Model 5 Chapter 4 What Is the Purpose of Financial Statements? 11 Chapter 5 Types of Financial Statements 13 Chapter 6 How to Read a Nonprofit Financial Statement 15 Chapter 7 Statement of Financial Position 17 Chapter 8 Statement of Activities 19 Chapter 9 Statement of Cash Flows 23 Chapter 10 Statement of Functional Expenses 25 Chapter 11 Footnotes to Financial Statements 27 Chapter 12 Internal versus External (Audited) Financial Statements 29 Chapter 13 The Independent Auditor's Report 31 Chapter 14 Other Types of Auditor Opinions 35 Chapter 15 Supplemental Information 37 Chapter 16 Reserves 39 Chapter 17 Financial Statement Exercises 43 Chapter 18 Example Set 1 45 Chapter 19 Example Set 2 101 Chapter 20 Example Set 3 157 Chapter 21 Financial Analysis 223 Chapter 22 Benchmarking 227 Chapter 2...
