Financial and Accounting Guide for Not-for-Profit Organizations

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John Wiley & Sons, Feb 1, 2012 - Business & Economics - 736 pages
A completely revised and expanded edition of the nonprofit industry finance and accounting standard

Filled with authoritative advice on the financial reporting, accounting, and control situations unique to not-for-profit organizations, Financial and Accounting Guide for Not-for-Profit Organizations, Eighth Edition is recognized by professionals as the industry standard reference on not-for-profit finance and accounting. Prepared by the PricewaterhouseCoopers Not-for-Profit Industry Services Group, the book includes accounting, tax, and reporting guidelines for different types of organizations, step-by-step procedures and forms, and more. A new chapter on public debt has also been added.

  • Presents the latest updates to regulatory reporting and disclosure changes in recent years
  • Reflects the totally revamped and revised AICPA accounting and audit guide for not-for-profit organizations
  • Addresses concerns of all nonprofit organizations, including health and welfare organizations, colleges and universities, churches and other religious organizations, libraries, museums, and other smaller groups
  • Includes step-by-step procedures and forms, detailed explanations of financial statements, and a how-to section on setting up and keeping the books

Financial and Accounting Guide for Not-for-Profit Organizations, Eighth Edition is the completely revised and expanded new edition of the bestselling not-for-profit accounting guide.


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Responsibilities for Fiscal Management
Accounting Distinctions between NotforProfit
Fund Accounting and Internal Financial Reporting
Fixed Assets and Depreciation
Investment Income Gains and Lossesand Endowment
Affiliated Organizations PassThrough Transactions
Small OrganizationsObtaining theRight Accountant
Effective Internal Accounting Controlfor NotforProfit
Independent Audits
Principal FederalTax and Compliance
Colleges andUniversities
Audits of FederallyFunded Programs
Simplified AccrualBasis Bookkeeping

AccrualBasis Financial Statements
Multiclass FinancialStatements 12 1 FASB AccountingStandards Codification958NotforProfit
Voluntary Healthand Welfare Entities
The External Financial Statement Reporting Model
Health Care Organizations
Accounting Standards for Other NotforProfit
Special Accounting Issues forSpecific Organizations
The Financial Accounting Standards Board and Future
The Importance of Budgeting 20 1 The Budget APlanof Action
Full AccrualBasis Bookkeeping
Fund Accounting Bookkeeping 32 1 Chartof Accounts
Automating the Accounting Records
Code of Conduct
The Future of U S Standard Setting
KeepingCurrent C 1 Standard Practices
Alternative InvestmentsAudit Considerations
Disclosureof CertainSignificant RisksandUncertainties

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About the author (2012)

JOHN H. McCARTHY served as the national leader of PricewaterhouseCoopers' Education and Nonprofit Practice before his retirement in 2005. Since then, he has served as the Senior Vice President for Administration and Finance at Northeastern University, an adjunct lecturer at Harvard University's Kennedy School of Government, and on the boards of several educational and nonprofit institutions.

NANCY E. SHELMON retired as a senior partner from PricewaterhouseCoopers in 2010 after more than thirty years working with not-for-profit and higher education clients. A frequent speaker at AICPA and state society conferences, she also served as a member of the AICPA's Not-for-Profit Expert Panel for eleven years and has worked with some of the most widely respected not-for-profit organizations in North America.

JOHN A. MATTIE serves as PricewaterhouseCoopers' National Education and Nonprofit Practice Leader. He currently serves on the Financial Accounting Standards Board Not-for-Profit Advisory Committee, and is the firm's representative on the AICPA Not-for-Profit Entities Expert Panel and the AICPA Government Audit Quality Control Center.

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