The most practical, authoritative guide to not-for-profit GAAP Wiley Not-for-Profit GAAP 2010 is a comprehensive, easy-to-use guide to the accounting and financial reporting principles used by not-for-profit organizations. Written with your needs as a financial statement preparer, user, and attestor in mind, this guide provides a complete review of the authoritative accounting literature that impacts all types of not-for-profit organizations. At the same time, Wiley Not-for-Profit GAAP 2010 features many examples and illustrations that will assist you in applying authoritative literature to real-life situations.
* Easy-to-use information that enables you to find needed information quickly * Coverage of accounting principles specifically related to not-for-profit organizations, as well as accounting principles applicable to all types of organizations * Specific coverage of accounting issues for different types of not-for-profit organizations * A comprehensive disclosure checklist that helps financial statement preparers and attestors ensure that all disclosures required by GAAP have been considered * Many examples and illustrations that make putting accounting theory into practice an easy task Wiley Not-for-Profit GAAP 2010 strives to be a thorough, reliable reference that you'll use constantly. It's designed to be kept on your desk rather than on your bookshelf.
Table of Contents
Part I. Overview of Not-for-Profit Organizations. 1. Overview of Not-for-Profit Organizations. 2. Cash versus Accrual Basis Accounting. Part 2. Basic Financial Statements. 3. Statement of Financial Position. 4. Statement of Activities. 5. Statement of Cash Flows. 6. Other Financial Statement Issues. Part 3. Specific Not-for-Profit Accounting Topics. 7. Fund Accounting. 8. Net Assets. 9. Contributions, Pledges, and Noncash Contributions. 10. Investments. 11. Affiliated Organizations. 12. Split-Interest Agreements. 13. Fund-Raising and Joint Costs. 14. Functional Reporting. 15. Collections. Part 4. Other Accounting-Related Not-for-Profit Topics. 16. Accounting for Specific Types of Not-for-Profits. 17. Importance of Budgets to a Not-for-Profit. 18. Principal Federal and State Tax Reporting and Regulatory Requirements. Part 5. General Accounting Topics Applied to Not-for-Profit Organizations. 19. Current Assets and Current Liabilities. 20. Inventory. 21. Long-Lived Assets, Depreciation, and Impairment. 22. Intangible Assets. 23. Contingencies. 24. Mergers and Acquisitions. 25. Accounting for Pensions and Postretirement Benefits. 26. Long-Term Liabilities. 27. Accounting Changes. 28. Accounting for Leases. 29. Financial Instruments. 30. Capitalization of Interest Costs. Appendix: Disclosure Checklist. Index.
Richard F. Larkin is technical director of not-for-profit accounting and auditing for BDO Seidman LLP, in Bethesda, Maryland. Previously he was the technical director of the Not-for-Profit Industry Services Group in the national office of PricewaterhouseCoopers. He is a certified public accountant with over forty years of experience serving not-for-profit organizations as independent accountant, board member, treasurer, and consultant. He teaches, speaks, and writes extensively on not-for-profit industry matters and is active in professional and industry organizations. He has been a member of the Financial Accounting Standard Board Not-for-Profit Advisory Task Force and the AICPA Not-for-Profit Organizations Committee, and chair the AICPA Not-for-Profit Audit Guide Task Force. He participated in writing both the third and fourth editions of Standards of Accounting and Reporting for Voluntary Health and Welfare Organizations, and the AICPA Practice Aid, Financial Statement Presentation and Disclosure Practices for Not-for-Profit Organizations. He graduated from Harvard College and has an MBA from Harvard School. He is a coauthor of the fourth, fifth, and sixth editions of Financial and Accounting Guide for Not-for Profit Organizations, which were published by John Wiley & Sons, Inc. Marie DiTommaso, CPA , has thirty years of experience in accounting and financial reporting in both the not-for-profit and commercial accounting environments. She began her career with KPMG after graduating from Queen College of the City University of New York. Later in her career, she joined the American Express Company and then Dun & Bradstreet Corporation, both to develop, write, and implement accounting policies procedures. After leaving these corporate organizations, Ms. DiTommaso served as the chief financial officer of a not-for-profit organization. Ms. DiTommaso is a member of the American Institute of Certified Public Accountant . She has served as President of the Bergen County chapter of the New Jersey Women Business Owners Association, and as an advisor to its Board of Directors.