Book description
Detailed, practical coverage of GAAP, tailored to not-for-profit organizations
Wiley Not-for-Profit GAAP 2015 is a thorough examination of the authoritative standards for measurement, presentation, and disclosure as applied to not-for-profit organizations. Clear and concise, this user-friendly guide explains the fundamentals of GAAP in an easily-accessible format that includes flowcharts and diagrams to help facilitate the reader's understanding of the material presented, including a financial statement disclosure checklist to confirm GAAP adherence. Designed specifically for accountants in public practice and industry, this guide covers all relevant FASB and AICPA guidelines, to provide a complete reference tool for auditors who need a comprehensive understanding of GAAP for not-for-profit organizations.
Due to these organizations' unique characteristics, not-for-profit accountants must adhere to specific Generally Accepted Accounting Principles. These requirements are complex and ever evolving, but Wiley Not-for-Profit GAAP 2015 brings them together in a single volume that contains the most up-to-the-minute information available.
Refine basic financial statements, including Financial Position, Activities, and Cash Flow
Tackle not-for-profit-specific issues like fundraising, noncash contributions, affiliations, and pledges
Tailor accounting methods to the specific type of organization, with budgeting, tax reporting, and regulatory advice
Discover how general accounting topics like assets, mergers, and liabilities are applied to not-for-profit organizations
Table of contents
- Cover Page
- Title Page
- Copyright
- CONTENTS
- PREFACE
- ABOUT THE AUTHORS
- NOT-FOR-PROFIT ACCOUNTING LITERATURE
- PART 1: OVERVIEW OF NOT-FOR-PROFIT ORGANIZATIONS
- PART 2: BASIC FINANCIAL STATEMENTS
-
PART 3: SPECIFIC NOT-FOR-PROFIT ACCOUNTING TOPICS
- CHAPTER 7: FUND ACCOUNTING
- CHAPTER 8: NET ASSETS
- CHAPTER 9: CONTRIBUTIONS, PLEDGES, NONCASH CONTRIBUTIONS, AND EXCHANGE TRANSACTIONS
- CHAPTER 10: INVESTMENTS
- CHAPTER 11: AFFILIATED ORGANIZATIONS
- CHAPTER 12: SPLIT-INTEREST AGREEMENTS
- CHAPTER 13: FUNDRAISING AND JOINT COSTS
- 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
- CHAPTER 17: IMPORTANCE OF BUDGETS TO A NOT-FOR-PROFIT
-
CHAPTER 18: PRINCIPAL FEDERAL AND STATE TAX REPORTING AND REGULATORY REQUIREMENTS
- THE IMPORTANCE OF MEETING FEDERAL AND STATE REPORTING REQUIREMENTS
- ORGANIZATIONS EXEMPT FROM TAX
- CHARITABLE ORGANIZATIONS
- PRIVATE FOUNDATIONS
- PRIVATE OPERATING FOUNDATIONS
- OTHER CONCERNS FOR CHARITIES
- NONCHARITABLE EXEMPT ORGANIZATIONS
- UNRELATED BUSINESS INCOME
- REGISTRATION AND REPORTING
- REPORTS BY RECIPIENTS OF FEDERAL SUPPORT
- PRINCIPAL FEDERAL TAX FORMS FILED
- CONCLUSION
- STATE COMPLIANCE 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
Product information
- Title: Wiley Not-for-Profit GAAP 2015: Interpretation and Application of Generally Accepted Accounting Principles
- Author(s):
- Release date: December 2014
- Publisher(s): Wiley
- ISBN: 9781118945247
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