Wiley Not-for-Profit GAAP

This book provides the fundamentals of not-for-profit GAAP in an easily accessible format. "Wiley Not-for-Profit GAAP 2006" is a comprehensive reference tool that helps not-for-profit organizations and their auditors prepare financial statements in accordance with generally accepted accounting principles (GAAP). This user-friendly guide provides a thorough examination of the authoritative standards for measurement, presentation, and disclosure related to not-for-profits. It also features such practical tools as a financial statement disclosure checklist, flowcharts, diagrams, and charts. Richard F. Larkin, CPA (Bethesda, MD), is Technical Director of Not-for-Profit Accounting and Auditing for Long Group, Chartered, in Bethesda, Maryland. Marie DiTommaso, CPA (Woodcliff Lake, NJ), is a partner in her own CPA practice, DiTommaso & Ruppel, CPAs.

Authoritative Accounting Pronouncements.

Part 1: 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.

Appendix A: Checklist.

Appendix B: Checklist.

Appendix C: Checklist.

Appendix D: Checklist.

Appendix E: Checklist.

Appendix F: Checklist.

10. Investments.

1.1 Affiliated Organizations.

Appendix A: Checklist.

12. Split-Interest Agreements.

13. Fund-Raising and Joint Costs.

14. Functional Reporting.

15. Collections.

Part 4: Other Accounting-Related Not-for-Profit Issues Topics.

16. Accounting for Specific Types of Not-for-Profits.

Associations and Professional Societies.

Churches.

Clubs.

Libraries.

Museums.

Performing Arts Organizations.

Private Foundations.

Religious Organizations other than Churches.

Research and Scientific Organizations.

Private Elementary and Secondary Schools.

Public Broadcasting Systems.

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 Business Combinations.

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.