Wiley Not-for-Profit GAAP 2010: Interpretation and Application of Generally Accepted Accounting Principles,9780470453254

Wiley Not-for-Profit GAAP 2010: Interpretation and Application of Generally Accepted Accounting Principles

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ISBN13: 9780470453254
ISBN10: 0470453257
Format: Paperback
Pub. Date: 2010-03-01
Publisher(s): Wiley
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Summary

Wiley Not-for-Profit GAAP annual is a comprehensive accounting and financial reporting guide for use by not-for-profit organizations and their auditors in preparing financial statements in accordance with generally accepted accounting principles (GAAP). The Financial Accounting Standards Board (FASB) defines nonprofit organizations as entities that possess the following characteristics not typically found in business enterprises: 1) They receive contributions of significant resources from resource providers who do not expect a commensurate or proportionate monetary return. 2) They operate for purposes other than to make a profit and 3) There is an absence of ownership interests like those of business enterprises.

Table of Contents

Overview of Not-for-Profit Organizations
Overview of Not-for-Profit Organizationsp. 3
Cash versus Accrual Basis Accountingp. 9
Basic Financial Statements
Statement of Financial Positionp. 21
Statement of Activitiesp. 27
Statement of Cash Flowsp. 36
Other Financial Statement Issuesp. 49
Specific Not-for-Profit Accounting Topics
Fund Accountingp. 67
Net Assetsp. 79
Contributions, Pledges, and Noncash Contributionsp. 87
Checklistp. 108
Checklistp. 110
Checklistp. 112
Checklistp. 114
Checklistp. 116
Checklistp. 119
Investmentsp. 123
Affiliated Organizationsp. 139
Checklistp. 159
Split-Interest Agreementsp. 161
Fund-Raising and Joint Costsp. 172
Checklistp. 184
Functional Reportingp. 186
Collectionsp. 191
Other Accounting-Related Not-for-Profit Topics
Accounting for Specific Types of Not-for-Profitsp. 197
Associations and Professional Societiesp. 197
Churchesp. 200
Clubsp. 201
Librariesp. 202
Museumsp. 203
Performing Arts Organizationsp. 204
Private Foundationsp. 205
Religious Organizations other than Churchesp. 208
Research and Scientific Organizationsp. 209
Private Elementary and Secondary Schoolsp. 210
Public Broadcasting Systemsp. 210
Importance of Budgets to a Not-for-Profitp. 212
Principal Federal and State Tax Reporting and Regulatory Requirementsp. 231
General Accounting Topics Applied to Not-for-Profit Organizations
Current Assets and Current Liabilitiesp. 289
Inventoryp. 296
Long-Lived Assets, Depreciation, and Impairmentp. 305
Intangible Assetsp. 318
Contingenciesp. 324
Mergers and Acquisitionsp. 338
Accounting for Pensions and Postretirement Benefitsp. 355
Long-Term Liabilitiesp. 390
Accounting Changesp. 408
Accounting for Leasesp. 415
Financial Instrumentsp. 450
Capitalization of Interest Costsp. 462
Appendix: Disclosure Checklistp. 468
Indexp. 495
Table of Contents provided by Ingram. All Rights Reserved.

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