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About the authors | |
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Contributors | |
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Preface | |
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Introduction Including the FASB Codification | |
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Responsibilities for Fiscal Management | |
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Keeping Financial Records for the Organization | |
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Preparing Accurate and Meaningful Financial Statements | |
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Implementing a Budget and Anticipating Financial Problems | |
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Safeguarding Financial Assets and Providing Effective Internal Controls | |
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Complying with Federal and State Reporting and Regulatory Requirements | |
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Communicating Fiscal Information to the Board of Directors and the Audit Committee | |
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Ten Key Points to Consider in Not-for-Profit Fiscal Management | |
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Conclusion | |
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Key Financial Concepts | |
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Accounting Distinctions between Not-for-Profit and Commercial Organizations | |
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Stewardship versus Profitability | |
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Principal Areas of Accounting Differences | |
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Conclusion | |
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Cash- versus Accrual-Basis Accounting | |
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Cash and Accrual Statements Illustrated | |
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Combination Cash Accounting and Accrual Statements | |
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Modified Cash Basis | |
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Legal Requirements | |
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Conclusion | |
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Fund Accounting and Internal Financial Reporting | |
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Fund Accounting Defined | |
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Categories of Funds | |
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Alternative Fund Groupings | |
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Typical ��Fund�� Financial Statements | |
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Fixed Assets and Depreciation | |
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Investment Income, Gains and Losses, and Endowment Funds | |
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Affiliated Organizations, Pass-Through Transactions, and Mergers | |
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Factors to Be Considered in Deciding Whether a Pass-Through Gift Is Truly Revenue and Expense to a Pass-Through Entity | |
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Transfers of Assets to a Not-for-Profit Organization or Charitable Trust That Raises or Holds Contributions of Others | |
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Factors Related to Control That May Indicate That an Affiliated Organization (A) Should Be Combined with the Reporting Organization (R), If Other Criteria for Combination Are Met | |
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Contributions, Pledges, and Noncash Contributions | |
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Checklist: Factors to Be Considered in Deciding Whether a Particular Gift (for Operating Purposes) Should Be Classified as Purpose-Restricted or Not | |
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Checklist: Factors to Be Considered in Distinguishing Contracts for the Purchase of Goods or Services from Restricted Grants | |
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Checklist: Factors to Be Considered in Assessing Whether Contributed Services Are Considered to Require Specialized Skills | |
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Checklist: Factors to Be Considered in Determining Whether an Organization Would Typically Need to Purchase Services If Not Provided by Donation | |
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Checklist: Factors to Be Considered in Assessing Whether a Donor Has Made a Bona Fide Pledge to a Donee | |
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Checklist: Factors to Be Considered in Deciding Whether a Gift or Pledge Subject to Donor Stipulations Is Conditional or Restricted | |
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Accounting Issues Relating to Fundraising | |
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Cash-Basis Financial Statements | |
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Accrual-Basis Financial Statements | |
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Financi | |
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Financial Statemen | |
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Definition of a Go | |
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Accounting Guidanc | |
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Clubs | |
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Libraries | |
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Museums | |
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Performing Arts Or | |
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Controlling the | |
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Small Organi | |
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Small Organiza | |