{"product_id":"unified-financial-reporting-system-for-not-for-profit-organizations-isbn-9780787952136","title":"Unified Financial Reporting System for Not-for-Profit Organizations","description":"Sponsored by CompassPoint Nonprofit Services, formerly known as theSupport Center for Nonprofit Management\/ Nonprofit DevelopmentCenter\u003cbr\u003e \u003cbr\u003e Nothing can be more important to an organization's health andsuccess than the quality of its financial reporting. Thiscomprehensive guide is for all nonprofits that are required tocomply with financial reporting standards set by the IRS andthirty-five state charity regulators (Form 990), FASB and AICPA(GAAP), grantmakers, and the like. It shows how to unify financialreporting requirements without compromising the organization'saccuracy and accountability. Figures,Tables,Exhibits,and Worksheet.\u003cbr\u003e \u003cbr\u003e Foreword.\u003cbr\u003e \u003cbr\u003e Acknowledgments.\u003cbr\u003e \u003cbr\u003e The Authors.\u003cbr\u003e \u003cbr\u003e Technical Advisory Group.\u003cbr\u003e \u003cbr\u003e Participating Organizations.\u003cbr\u003e \u003cbr\u003e Introduction.\u003cbr\u003e \u003cbr\u003e PART 1: INTRODUCTION, OVERVIEW, AND PERSPECTIVE.\u003cbr\u003e \u003cbr\u003e 1 What Is a Not-for-Profit Organization?\u003cbr\u003e \u003cbr\u003e 2 America s Not-for-Profit Sector.\u003cbr\u003e \u003cbr\u003e 3 The Pivotal Role of IRS Form 990 in Financial Reporting.\u003cbr\u003e \u003cbr\u003e 4 Information Technology and Financial Reporting.\u003cbr\u003e \u003cbr\u003e PART 2: KEY BUILDING BLOCKS OF A UNIFIED FINANCIALREPORTINGSYSTEM.\u003cbr\u003e \u003cbr\u003e 5 Unified Chart of Accounts.\u003cbr\u003e \u003cbr\u003e 6 Activity-Level Accounting and Reporting forRevenue andExpenses.\u003cbr\u003e \u003cbr\u003e 7 Functionalized Trial Balance Report.\u003cbr\u003e \u003cbr\u003e 8 Allocation of Expenses.\u003cbr\u003e \u003cbr\u003e 9 Staff Time Recording and Reporting.\u003cbr\u003e \u003cbr\u003e PART 3: UNIFIED INTERNAL AND EXTERNAL FINANCIALREPORTS ALIGNED WITHFORM.\u003cbr\u003e \u003cbr\u003e 10 Financial Reports:Overview.\u003cbr\u003e \u003cbr\u003e 11 GAAP Financial Statements.\u003cbr\u003e \u003cbr\u003e 12 IRS Form 990 Financial Statements.\u003cbr\u003e \u003cbr\u003e 13 Uniform Government Grant Reports.\u003cbr\u003e \u003cbr\u003e 14 Corporate and Foundation Grant Budgeting and Reporting.\u003cbr\u003e \u003cbr\u003e 15 Reporting to United Ways and Other Grant Makers.\u003cbr\u003e \u003cbr\u003e 16 Financial Reporting for Internal Management Purposes.\u003cbr\u003e \u003cbr\u003e Conclusion.\u003cbr\u003e \u003cbr\u003e RESOURCESA IRS Form 990 and Schedule A for 1999.\u003cbr\u003e \u003cbr\u003e B Content of Unified Chart of Accounts by Account Number.\u003cbr\u003e \u003cbr\u003e C Cross-Referencing Your Not-for-Profit Organization s ChartofAccounts to the Unified Chart of Accounts:Cross-Reference Worksheetand Keyword Index.\u003cbr\u003e \u003cbr\u003e D Examples of Employee Time Sheets.\u003cbr\u003e \u003cbr\u003e E Summary of State Registration and Filing RequirementsforNot-for-Profit Organizations.\u003cbr\u003e \u003cbr\u003e F National Taxonomy of Exempt Entities:Activity Codes.\u003cbr\u003e \u003cbr\u003e G Voluntary Standard-Setting and Evaluation GroupsforNot-for-Profit Organizations.\u003cbr\u003e \u003cbr\u003e H A Brief History of Financial Accounting andReporting Standardsfor Not-for-Profit Organizations.\u003cbr\u003e \u003cbr\u003e I Accountability for Service Efforts and Accomplishments.\u003cbr\u003e \u003cbr\u003e J Selected Form 990 and Management andTechnical Assistance WebSites.\u003cbr\u003e \u003cbr\u003e Notes.\u003cbr\u003e \u003cbr\u003e Bibliography.\u003cbr\u003e \u003cbr\u003e Index. \"Provide[s] management with a wide variety of information that wasnot previously available\" --Dennis F. Dycus, director, Office ofthe Comptroller of the Treasury, Division of Municipal Audit, Stateof Tennessee\u003cbr\u003e \u003cbr\u003e \"In playing chess, the move that accomplishes several purposes isthe strongest. This book does exactly that for nonprofits. It givescomputer technology the ability to produce reports for funders,budget managers, governmental regulators, and taxing authorities,all from one set of financial data, input only once.\" --CharlesKirkland, former chair, AICPA Not-for-Profit OrganizationsCommittee, and founder, Kirkland, Eckels \u0026amp; Co\u003cbr\u003e \u003cbr\u003e \"Well-defined, relevant, and reliable guidelines that shouldenhance the quality and credibility of financial reports.\" --KevinA. Kavanaugh, vice president, financial services, American DiabetesAssociation\u003cbr\u003e \u003cbr\u003e \"Helps to simplify and align the federal\/state record keeping andreporting.\" --James J. Caputo Sr., consultant, and chair, theGreater Washington Society of CPA's Not-For-Profit-OrganizationsCommittee\u003cbr\u003e \u003cbr\u003e \"As we move into the age of nonprofit financial transparency andinstant Web access to reporting documents. . . .it is imperativethat nonprofit practitioners, accountants, and lawyers understandand implement the concepts embodied in this guide.\" --Arthur W.Schmidt, Jr., president, Philanthropic Research, Inc., andpublisher of the GuideStar Web site RUSSY D. SUMARIWALLA is former president and CEO of United WayInternational and has been a leader in the nonprofit sector forover thirty years. He is the author of several publications,including the first and second editions of United Way of America'sAccounting and Financial Reporting Guide. He was also the projectdirector for the 1988 edition of Standards of Accounting andFinancial Reporting for Voluntary Health and Welfare Organizations,also known as \"The Black Book.\"\u003cbr\u003e \u003cbr\u003e WILSON C. LEVIS is manager of the Nonprofit Management Group in theSchool of Public Affairs, Baruch College, the City University ofNew York. He also serves as project manager for Baruch College'squality reporting projects. He is former vice president of theNational Charities Information Bureau.  Sponsored by CompassPoint Nonprofit Services, formerly known as the Support Center for Nonprofit Management\/Nonprofit Development CenterNothing can be more important to an organization's health and success than the quality of its financial reporting. This comprehensive guide is for all nonprofits that are required to comply with financial reporting standards set by the IRS and thirty-five state charity regulators (Form 990), FASB and AICPA (GAAP), grantmakers, and the like. Much more than a standard accounting manual, this book is a thoughtful guide to improving financial reporting so organizations can focus on the business of fulfilling mission, developing essential programs, and serving communities.\"In playing chess, the move that accomplishes several purposes is the strongest. This book does exactly that for nonprofits. It gives computer technology the ability to produce reports for funders, budget managers, governmental regulators, and taxing authorities, all from one set of financial data, input only once.\" --Charles Kirkland, former chair, AICPA Not-for-Profit Organizations Committee, and founder, Kirkland, Eckels \u0026amp; Co. \u003cp\u003e\"Well-defined, relevant, and reliable guidelines that should enhance the quality and credibility of financial reports.\" --Kevin A. Kavanaugh, vice president, financial services, American Diabetes Association\u003c\/p\u003e \u003cp\u003e\"Helps to simplify and align the federal\/state record keeping and reporting.\" --James J. Caputo Sr., consultant, and chair, the Greater Washington Society of CPA's Not-For-Profit-Organizations Committee\u003c\/p\u003e \u003cp\u003e\"Provide[s] management with a wide variety of information that was not previously available\" --Dennis F. Dycus, director, Office of the Comptroller of the Treasury, Division of Municipal Audit, State of Tennessee\u003c\/p\u003e  Sponsored by CompassPoint Nonprofit Services, formerly known as the Support Center for Nonprofit Management\/Nonprofit Development Center \u003cp\u003eNothing can be more important to an organization's health and success than the quality of its financial reporting. This comprehensive guide is for all nonprofits that are required to comply with financial reporting standards set by the IRS and thirty-five state charity regulators (Form 990), FASB and AICPA (GAAP), grantmakers, and the like. Much more than a standard accounting manual, this book is a thoughtful guide to improving financial reporting so organizations can focus on the business of fulfilling mission, developing essential programs, and serving communities.\u003c\/p\u003e \u003cp\u003e\"In playing chess, the move that accomplishes several purposes is the strongest. This book does exactly that for nonprofits. It gives computer technology the ability to produce reports for funders, budget managers, governmental regulators, and taxing authorities, all from one set of financial data, input only once.\"--Charles Kirkland, former chair, AICPA Not-for-Profit Organizations Committee, and founder, Kirkland, Eckels \u0026amp; Co.\u003c\/p\u003e \u003cp\u003e\"Well-defined, relevant, and reliable guidelines that should enhance the quality and credibility of financial reports.\"--Kevin A. Kavanaugh, vice president, financial services, American Diabetes Association\u003c\/p\u003e \u003cp\u003e\"Helps to simplify and align the federal\/state record keeping and reporting.\"--James J. Caputo Sr., consultant, and chair, the Greater Washington Society of CPA's Not-For-Profit-Organizations Committee\u003c\/p\u003e \u003cp\u003e\"Provide[s] management with a wide variety of information that was not previously available\"--Dennis F. Dycus, director, Office of the Comptroller of the Treasury, Division of Municipal Audit, State of Tennessee\u003c\/p\u003e \u003cp\u003e\"As we move into the age of nonprofit financial transparency and instant Web access to reporting documents. . . .it is imperative that nonprofit practitioners, accountants, and lawyers understand and implement the concepts embodied in this guide.\"--Arthur W. Schmidt, Jr., president, Philanthropic Research, Inc., and publisher of the GuideStar Web site\u003c\/p\u003e \u003cp\u003e\u003cbr\u003e Complete Copy\/Written and approved by author when book was originally scheduled for hardcover\u003c\/p\u003e \u003cp\u003eSponsored by CompassPoint Nonprofit Services, formerly known as the Support Center for Nonprofit Management\/Nonprofit Development Center\u003c\/p\u003e \u003cp\u003eNothing can be more important to an organization's health and success than the quality of its financial reporting. This comprehensive guide is for all nonprofits that are required to comply with financial reporting standards set by the IRS and thirty-five state charity regulators (Form 990), FASB and AICPA (GAAP), grantmakers, and the like. It shows how to unify financial reporting requirements without compromising the organization's accuracy and accountability.\u003c\/p\u003e \u003cp\u003eAuthors Russy D. Sumariwalla and Wilson C. Levis combine over fifty years of experience in nonprofit accounting and reporting to describe the key elements of a unified financial reporting system. They also draw valuable lessons from a three-year project formed to improve the quality of reporting on IRS Form 990 and to strengthen public accountability. Known as \"990 in 2000,\" this sectorwide project involved the IRS, the National Association of Attorneys General, the National Association of State Charity Officials, the Greater Washington Society of CPAs, the California Society of CPAs, the National Health Council, the United Way of America, and other organizations.\u003c\/p\u003e \u003cp\u003eArmed with the latest information, the authors discuss a unified chart of accounts, activity-level accounting, cost allocation, and computerization. They also explore ways of unifying internal and external financial reports, including GAAP statements, grant reports, and others. This guide offers a powerful resource section including information on various appendices program service reporting, government regulation, voluntary standards expert review groups, and more. Much more than a standard accounting manual, Unified Financial Reporting System for Not-for-Profit Organizations is a thoughtful guide to improving financial reporting so organizations can focus on the business of fulfilling mission, developing essential programs, and serving communities.\u003c\/p\u003e","brand":"Jossey-Bass","offers":[{"title":"Default Title","offer_id":47990435250405,"sku":"NP9780787952136","price":58.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780787952136.jpg?v=1761787817","url":"https:\/\/k12savings.com\/es\/products\/unified-financial-reporting-system-for-not-for-profit-organizations-isbn-9780787952136","provider":"K12savings","version":"1.0","type":"link"}