Detailed, practical coverage of GAAP, tailored to not-for-profit organizations
Wiley Not-for-Profit GAAP 2015 is a thorough examination of the authoritative standards for measurement, presentation, and disclosure as applied to not-for-profit organizations. Clear and concise, this user-friendly guide explains the fundamentals of GAAP in an easily-accessible format that includes flowcharts and diagrams to help facilitate the reader's understanding of the material presented, including a financial statement disclosure checklist to confirm GAAP adherence. Designed specifically for accountants in public practice and industry, this guide covers all relevant FASB and AICPA guidelines, to provide a complete reference tool for auditors who need a comprehensive understanding of GAAP for not-for-profit organizations.
Due to these organizations' unique characteristics, not-for-profit accountants must adhere to specific Generally Accepted Accounting Principles. These requirements are complex and ever evolving, but Wiley Not-for-Profit GAAP 2015 brings them together in a single volume that contains the most up-to-the-minute information available.
* Refine basic financial statements, including Financial Position, Activities, and Cash Flow
* Tackle not-for-profit-specific issues like fundraising, noncash contributions, affiliations, and pledges
* Tailor accounting methods to the specific type of organization, with budgeting, tax reporting, and regulatory advice
* Discover how general accounting topics like assets, mergers, and liabilities are applied to not-for-profit organizations
Preparers and auditors of not-for-profit accounts must stay up-to-date on the latest GAAP practices to best serve the organization, while complying with all disclosure, reporting, and regulatory requirements. Wiley Not-for-Profit GAAP 2015 provides extensive coverage and practical advice on the latest GAAP, tailored to the not-for-profit organization's unique needs.
The most practical, authoritative guide to Not-for-Profit GAAP
Wiley Not-for-Profit GAAP 2015 is a comprehensive, easy-to-use guide to the accounting and financial reporting principles used by not-for-profit organizations. It is written with the needs of the financial statement preparer, user, and attestor in mind, and 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 2015 features many examples and illustrations that will assist the reader in applying the principles to real-life situations. Key features include:
* Easy-to-use information that enables the reader to find what they need quickly
* Coverage of accounting principles specifically related to not-for-profit organizations, as well as accounting principles applicable to organizations of all kinds
* Coverage of accounting issues affecting 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 it easy to put accounting theory into practice
This 2015 edition includes new information covering:
* The definition of a public business entity
* Applicability of the FASB Private Company Accounting Framework to Not-for-Profits
* Service concession arrangements
* Revenue contracts with customers
Wiley Not-for-Profit GAAP 2015 is a thorough and reliable reference which is designed to be kept to hand on your desk, rather than on the shelf.
