{"product_id":"not-for-profit-accounting-made-easy-isbn-9780471789796","title":"Not-for-Profit Accounting Made Easy","description":"A hands-on guide to the ins and outs of nonprofit accounting\u003cbr\u003e \u003cbr\u003e Not-for-Profit Accounting Made Easy, Second Edition equips you with the tools you need to run the financial and accounting operations within your nonprofit organization. Even if you do not have a professional understanding of accounting principles and financial reporting, this handy guide makes it all clear with complex accounting rules explained in terms nonaccountants can easily understand in order to help you better fulfill your managerial and fiduciary duties. Always practical and never overtechnical, this helpful guide conforms to FASB and AICPA standards and:\u003cbr\u003e * \u003cbr\u003e \u003cbr\u003e Discusses federal single audit and its impact on nonprofits\u003cbr\u003e * \u003cbr\u003e \u003cbr\u003e Offers examples of various types of split-interest agreements\u003cbr\u003e * \u003cbr\u003e \u003cbr\u003e Shows you how to read and understand a nonprofit financial statement\u003cbr\u003e * \u003cbr\u003e \u003cbr\u003e Explains financial accounting and reporting standards\u003cbr\u003e * \u003cbr\u003e \u003cbr\u003e Helps you become conversant in the rules and principles of accounting\u003cbr\u003e * \u003cbr\u003e \u003cbr\u003e Updates board members, executive directors, and other senior managers on the accounting basics they should know for day-to-day operations\u003cbr\u003e * \u003cbr\u003e \u003cbr\u003e Features tables, exhibits, and charts that illustrate the content in a simple and easy-to-understand manner\u003cbr\u003e \u003cbr\u003e \u003cbr\u003e Suitable for fundraising managers and executives--as well as anyone who needs to read and understand a nonprofit financial statement--this is the ultimate not-an-accountant's guide to nonprofit accounting. \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Understanding the Basics of Not-for-Profit Accounting 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Are Generally Accepted Accounting Principles? 1\u003c\/p\u003e \u003cp\u003eWhy Is Preparing GAAP Financial Statements Important? 2\u003c\/p\u003e \u003cp\u003eDefinitions and Examples of Assets, Liabilities, Reve nues, and Expenses Usually Found in Not-for-Profit Organizations’ Financial Statements 6\u003c\/p\u003e \u003cp\u003eWhat Is Meant by the Accrual Basis of Accounting? How Does This Differ from the Cash Basis of Ac- counting, and Which Is Better? 36\u003c\/p\u003e \u003cp\u003eWhat Happened to Fund Accounting? 40\u003c\/p\u003e \u003cp\u003eSummary 42\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Basic Financial Statements of a Not-for-profit Organization 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStatement of Financial Position 44\u003c\/p\u003e \u003cp\u003eStatement of Activities 46\u003c\/p\u003e \u003cp\u003eStatement of Cash Flows 56\u003c\/p\u003e \u003cp\u003eSummary 63\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Accounting for Contributions 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhen Should Contributions Be Recorded? 66\u003c\/p\u003e \u003cp\u003eUnderstanding the Impact of Donor Restrictions on the Reporting of Contributions 72\u003c\/p\u003e \u003cp\u003eAccounting for Contributed Services 74\u003c\/p\u003e \u003cp\u003eAccounting for Other Noncash Contributions 75\u003c\/p\u003e \u003cp\u003ePass-Through Contributions 76\u003c\/p\u003e \u003cp\u003eSummary 82\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Accounting for Investments and Financial Instruments 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting for Investments 84\u003c\/p\u003e \u003cp\u003eAccounting and Financial Reporting for Financial Instruments 98\u003c\/p\u003e \u003cp\u003eSummary 107\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Accounting for Activities with Joint Costs and Indirect Cost Allocation 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting for the Costs of Activities that Include Fund-Raising 110\u003c\/p\u003e \u003cp\u003eAllocation Methods 117\u003c\/p\u003e \u003cp\u003eIndirect Cost Allocation Plans 119\u003c\/p\u003e \u003cp\u003eSummary 124\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Affiliated Organizations 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAffiliated Organizations 126\u003c\/p\u003e \u003cp\u003eFor-Profit Subsidiaries 135\u003c\/p\u003e \u003cp\u003eRelated-Party Disclosures 137\u003c\/p\u003e \u003cp\u003eSummary 140\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Collections \u003c\/b\u003e141\u003c\/p\u003e \u003cp\u003eWhat Is a Collection? 142\u003c\/p\u003e \u003cp\u003eAccounting for Collections 143\u003c\/p\u003e \u003cp\u003eSummary 146\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Split-Interest Agreements 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting Fundamentals 148\u003c\/p\u003e \u003cp\u003eRevocable Split-Interest Agreements 149\u003c\/p\u003e \u003cp\u003eIrrevocable Split-Interest Agreements 150\u003c\/p\u003e \u003cp\u003eExamples of Split-Interest Agreements 153\u003c\/p\u003e \u003cp\u003eSummary 158\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Accounting for Pension and Other Postretirement Employee Benefit Plans 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting for Pension Plans 160\u003c\/p\u003e \u003cp\u003eDetermining Pension Expense 164\u003c\/p\u003e \u003cp\u003eDetermining Pension Liability 165\u003c\/p\u003e \u003cp\u003eActuarial Assumptions and Calculations 168\u003c\/p\u003e \u003cp\u003eRequired Disclosures 171\u003c\/p\u003e \u003cp\u003eDeferred Compensation Plans 172\u003c\/p\u003e \u003cp\u003eOther Postretirement Benefits 173\u003c\/p\u003e \u003cp\u003eDisclosures 176\u003c\/p\u003e \u003cp\u003eSummary 177\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Lease Accounting Fundamentals 179\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLease Accounting 180\u003c\/p\u003e \u003cp\u003eOperating versus Capital Leases 180\u003c\/p\u003e \u003cp\u003eOperating Leases 185\u003c\/p\u003e \u003cp\u003eOperating Leases with Scheduled Rent Increases 187\u003c\/p\u003e \u003cp\u003eFree Rent Periods 188\u003c\/p\u003e \u003cp\u003eCapital Leases 189\u003c\/p\u003e \u003cp\u003eSummary 193\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Analyzing the Financial Health of Not-for-Profit Organizations 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancial Statement Analysis 197\u003c\/p\u003e \u003cp\u003eIndependent Auditor’s Report 197\u003c\/p\u003e \u003cp\u003eComparative Financial Statements 201\u003c\/p\u003e \u003cp\u003eFunctional Expense Ratios and Other Analyses 203\u003c\/p\u003e \u003cp\u003eBudget Considerations in Financial Analysis 213\u003c\/p\u003e \u003cp\u003eRelation of the Budget to the Financial Statements 214\u003c\/p\u003e \u003cp\u003eMethods of Budgetary Control 216\u003c\/p\u003e \u003cp\u003eSummary 218\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Current Developments in Not-for-Profit GAAP 221\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRecent FASB Statements 222\u003c\/p\u003e \u003cp\u003eSummary 228\u003c\/p\u003e \u003cp\u003eIndex 229\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eWARREN RUPPEL, CPA,\u003c\/b\u003e is the Director of Government Services at Marks Paneth \u0026amp; Shron LLP, where he is also a key member of the firm's quality assurance function. He is the author of several Wiley accounting publications, including \u003ci\u003eNot-for-Profit Audit Committee Best Practices,\u003c\/i\u003e and \u003ci\u003eWiley GAAP for Governments,\u003c\/i\u003e as well as CCH's \u003ci\u003eNot-for-Profit Organization Audits\u003c\/i\u003e. He began his career at KPMG and later joined Deloitte \u0026amp; Touche to specialize in audits of not-for-profit organizations and governments. He has since served as the chief financial officer of an international not-for-profit organization and, most recently, was the assistant comptroller for accounting of the City of New York where he was responsible for the City's accounting and financial reporting. He has also served as chair of the audit commitee of the New York State Society of CPAs.    \u003c\/p\u003e\u003cp\u003e\u003cb\u003eNot-for-Profit \u003ci\u003eAccounting Made Easy\u003c\/i\u003e\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eSecond Edition \u003c\/p\u003e\u003cp\u003eThe world of accounting can be intimidating but there's no way to avoid it—even nonprofit organizations must venture into financial jargon and concepts. Now in a second edition, \u003ci\u003eNot-for-Profit Accounting Made Easy, Second Edition\u003c\/i\u003e shows you how to read and understand a nonprofit financial statement, while providing you with a basic understanding of the accounting and financial reporting practices of a nonprofit. \t \u003c\/p\u003e\u003cp\u003eClarifying nonprofit accounting principles and reporting standards in simple terms that are easily understood by those with little or no prior accounting experience, \u003ci\u003eNonprofit Accounting Made Easy, Second Edition\u003c\/i\u003e conforms to FASB and AICPA standards and forms and introduces you to: \u003c\/p\u003e\u003cul\u003e \u003cli\u003e\u003cb\u003eBasic accounting terminology\u003c\/b\u003e\u003c\/li\u003e \u003cli\u003e\u003cb\u003eFundamental accounting concepts\u003c\/b\u003e\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003eBasic financial statements\u003c\/b\u003e of a nonprofit organization\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003eAccounting for contributions,\u003c\/b\u003e investments and financial instruments, activities with joint costs, affiliated organizations, and collections\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003eAccounting peculiarities\u003c\/b\u003e of health care, education, and religious and cultural nonprofits\u003c\/li\u003e \u003cli\u003e\u003cb\u003eAccounting for leases\u003c\/b\u003e\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003eAccounting for pension plans\u003c\/b\u003e and other employee benefit plans\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eSimple and practical in approach, this book is helpful not only for nonaccountants with accounting duties but also for people who work with nonprofits in a variety of capacities. Since nonprofit accounting differs in many subtle ways from normal business accounting, this book shows you how to brush up on the idiosyncrasies that separate the two. Management and staff, board members, consultants, donors, and creditors can all benefit from understanding the fundamental principles of nonprofit accounting. \t \u003c\/p\u003e\u003cp\u003eWith updated GAAP hierarchy discussions including the PCAOB and its impact on standards setting and applicability to nonprofit organizations, \u003ci\u003eNonprofit Accounting Made Easy, Second Edition\u003c\/i\u003e offers a wealth of practical information on putting accounting principles to work for your nonprofit.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989699477733,"sku":"NP9780471789796","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471789796.jpg?v=1761785155","url":"https:\/\/k12savings.com\/products\/not-for-profit-accounting-made-easy-isbn-9780471789796","provider":"K12savings","version":"1.0","type":"link"}