| Description |
1 online resource |
| Contents |
Wiley Not-for-Profit GAAP 2017; Contents; Preface; About the Authors; Not-for-Profit Accounting Literature; Part 1: Overview of Not-for-Profit Organizations; 1: Overview of Not-for-Profit Organizations; Perspective and Issues; Key Differences between Not-for-Profit and Profit Organizations; Resource Use Consideration; Generally Accepted Accounting Principles; 2: Cash versus Accrual-Basis Accounting; Perspective and Issues; Concepts, Rules, and Examples; Advantages of Cash Basis; Advantages of Accrual Basis; Combination Cash Accounting and Accrual Statements; Modified Cash Basis |
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When Accrual-Basis Reporting Should Be UsedLegal Requirements; Conclusion; Part 2: Basic Financial Statements; 3: Statement of Financial Position; Perspective and Issues; Concepts, Rules, and Examples; Liquidity; Offsetting Assets and Liabilities; Acceptable Formats; Disclosure Requirements; 4: Statement of Activities; Perspective and Issues; Concepts, Rules, and Examples; Elements of the Change in Net Assets; Classification of Revenues, Expenses, Gains and Losses, and Reclassifications; Information about Gross Amounts of Revenues and Expenses; Information about an Organization's Operations |
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Information about an Organization's Service EffortsFinancial Statement Presentation; Disclosure Requirements; 5: Statement of Cash Flows; Perspective and Issues; Concepts, Rules, and Examples; Classification of the Statement of Cash Flows; Definition of Cash and Cash Equivalents; Operating Activities Presentation; Cash Flows from Investing Activities; Discussing Gross and Net Cash Flows; Cash Flows from Financing Activities; Noncash Investing and Financing Activities; Disclosure Requirements; 6: Other Financial Statement Issues; Comparative Financial Information; Perspective and Issues |
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Concepts, Rules, and ExamplesDisclosure Requirements; Presenting Fund and Net Asset Information; A Complicated Set of Class Financial Statements; Interim Reporting; Perspective and Issues; Concepts, Rules, and Examples; Revenue and Expense Recognition; Inventories; Other Costs and Expenses; Unrelated Business Income Taxes; Discontinued Operations and Extraordinary Items; Accounting Changes; Contingent Items; Seasonality; Fourth Quarter Adjustments; Disclosure Requirements; Subsequent Events; Definition; Public Entities; Conduit Debt Obligors; Part 3: Specific Not-for-Profit Accounting Topics |
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7: Fund AccountingPerspective and Issues; Concepts, Rules, and Examples; Categories of Funds; Alternative Fund Groupings; A Typical Set of "Fund" Financial Statements; Elimination of Funds for Reporting Purposes; Conclusion; 8: Net Assets; Perspective and Issues; Concepts, Rules, and Examples; Unrestricted Net Assets; Temporarily Restricted Net Assets; Permanently Restricted Net Assets; Changing Net Asset Classification Reported in a Prior Year; Endowment Fund Reporting; Financial Statement Presentation; Disclosure Requirements; ASU 2016-14 Changes to Net Asset Classifications and Endowments |
| Summary |
The essential not-for-profit GAAP reference, updated with the latest standards Wiley Not-for-Profit GAAP 2017 is the essential accounting resource for not-for-profit organizations, providing quick access to the most up-to-date standards and practical tools for implementation. Designed help you find the answers you need quickly and easily, this guide features helpful visual aids alongside detailed explanations tailored to the not-for-profit sector. Authoritative discussion covers Financial Accounting Standards Board (FASB) Accounting Standards Codification, which includes the standards originally issued in the Statements, Interpretations and Technical Bulletins; Accounting Principles Board Opinions, Accounting Research Bulletins, AICPA Statements of Position and FASB Emerging Issues Task Force statements relevant to the not-for-profit organization. The unique characteristics of the not-for-profit organization demand adherence to specific GAAP; auditors and preparers must understand these standards, stay up-to-date as they continue to evolve and know how to apply them in the course of real-world financial statement preparation. This book provides the guidance you need in a user-friendly format. Get up to date on the latest changes to GAAP affecting not-for-profit organizations Reference authoritative standards for measurement, presentation and disclosure Consult flowcharts, diagrams and charts to find answers at a glance Double-check disclosures against a checklist of GAAP requirements Accounting standards are constantly changing, and the special requirements targeting not-for-profits add an additional challenge to full compliance. Instead of wading through dozens of volumes of official pronouncements to locate relevant information, consult an all-in-one resource targeted specifically to not-for-profit GAAP -- one that is updated annually to bring you the most current information available. Wiley Not-for-Profit GAAP 2017 provides clear answers and practical guidance to help you streamline GAAP implementation and ensure compliance |
| Notes |
Includes index |
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Online resource; title from title details screen (John Wiley, viewed July 18, 2017) |
| Subject |
Accounting -- Standards -- United States
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Nonprofit organizations -- United States -- Accounting
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BUSINESS & ECONOMICS -- Accounting -- Financial.
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Accounting -- Standards
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Nonprofit organizations -- Accounting
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United States
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| Form |
Electronic book
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| Author |
DiTommaso, Marie, author.
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| ISBN |
9781119385318 |
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1119385318 |
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9781119385349 |
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1119385342 |
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9781119385387 |
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1119385385 |
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1119385369 |
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9781119385363 |
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