{"product_id":"the-simplified-guide-to-not-for-profit-accounting-formation-and-reporting-isbn-9780470575444","title":"The Simplified Guide to Not-for-Profit Accounting, Formation, and Reporting","description":"\u003cp\u003e\u003cb\u003eA complete and easy to understand guide to the fundamentals of how not-for-profit organizations are formed and run, as well as their structure and the unique accounting and reporting issues they face.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProviding you with a comprehensive understanding of how to maintain the \"books\" of a typical nonprofit entity and comply with numerous reporting requirements, \u003ci\u003eThe Simplified Guide to Not-for-Profit Accounting, Formation \u0026amp; Reporting\u003c\/i\u003e equips you with everything you need to know to form a Not-For-Profit, setup an accounting system, record financial transactions and report to donors and regulatory bodies.\u003c\/p\u003e \u003cp\u003eTopics include:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eStep-by-step guide to forming a Not-For-Profit and applying for tax exemption\u003c\/li\u003e \u003cli\u003eBecoming familiar with unique Not-For-Profit accounting rules such as classifying contributions\/grants and recording restrictions, allocation of expenses to programs and supporting services and investment classification and reporting\u003c\/li\u003e \u003cli\u003eBudget development, payroll processing and accounting for personnel costs\u003c\/li\u003e \u003cli\u003eShows how to prepare and understand required Not-For-Profit financial statement and their components\u003c\/li\u003e \u003cli\u003eProvides you with a broad understanding of the numerous filing requirement required by donors, grantors and government regulatory agencies\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePractical and comprehensive in scope, \u003ci\u003eThe Simplified Guide to Not-for-Profit Accounting, Formation \u0026amp; Reporting\u003c\/i\u003e offers a wealth of practical information to accountants and non-accountants alike for understanding Not-For-Profit financial transactions, financial statements and the many internal and external reports they must prepare.\u003c\/p\u003e \u003cp\u003ePreface vii\u003c\/p\u003e \u003cp\u003eChapter 1 Introduction 1\u003c\/p\u003e \u003cp\u003eChapter 2 Nfp Organization Formation 7\u003c\/p\u003e \u003cp\u003eChapter 3 Nfp Organizational Structure 29\u003c\/p\u003e \u003cp\u003eChapter 4 Introduction to Nfp Accounting and Reporting 41\u003c\/p\u003e \u003cp\u003eChapter 5 Nfp Accounting System and Financial Statements 63\u003c\/p\u003e \u003cp\u003eChapter 6 Assets—concepts and Data Flow 87\u003c\/p\u003e \u003cp\u003eChapter 7 Liabilities and Net Assets—Concepts and Data Flow 123\u003c\/p\u003e \u003cp\u003eChapter 8 Accounting for Support and Revenue 139\u003c\/p\u003e \u003cp\u003eChapter 9 Accounting for Personnel Costs, and other Expenses 155\u003c\/p\u003e \u003cp\u003eChapter 10 Investments, Pooling, and Split-interest Agreements 173\u003c\/p\u003e \u003cp\u003eChapter 11 Subsidiaries and Interrelated Entities 183\u003c\/p\u003e \u003cp\u003eChapter 12 Budget Development and Applications 189\u003c\/p\u003e \u003cp\u003eChapter 13 Special Types of Nfp Organizations 199\u003c\/p\u003e \u003cp\u003eChapter 14 Regulatory Reporting (990, 990-T, and 990-PF) 205\u003c\/p\u003e \u003cp\u003eChapter 15 Contribution\/grant Applications and Reporting 227\u003c\/p\u003e \u003cp\u003eChapter 16 Audits—preparation and Response 235\u003c\/p\u003e \u003cp\u003eChapter 17 Conclusion 243\u003c\/p\u003e \u003cp\u003eAppendix A Tax-exempt Organization Reference Chart 245\u003c\/p\u003e \u003cp\u003eAppendix B Sample Nfp Chart of Accounts 253\u003c\/p\u003e \u003cp\u003eAppendix C Abbreviations 257\u003c\/p\u003e \u003cp\u003eGlossary 259\u003c\/p\u003e \u003cp\u003eAbout the Author 269\u003c\/p\u003e \u003cp\u003eIndex 271\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eLAURENCE SCOT\u003c\/b\u003e is the cofounder and comanaging partner of Skody Scot \u0026amp; Company, a midtown CPA firm formed in 1990 that specializes in servicing the Not-for-Profit community. Scot has taught undergraduate and graduate classes at several colleges; been lecturing and giving seminars to CPAs, bankers, NFP D\u0026amp;Os (directors and officers), managers, and entrepreneurs for over twenty years on a variety of subjects; and is the creator of the first in-class certificate program in Not-for-Profit accounting and  governmental reporting.    \u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003ePraise for\u003c\/i\u003e THE SIMPLIFIED GUIDE TO NOT-FOR-PROFIT ACCOUNTING, FORMATION \u0026amp; REPORTING\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"There are numerous publications about the NFP industry, but not many that give a good fundamental understanding of the accounting principles. The material in this book will be of great help to new employees as well as a good commonsense reference for those with experience. It clearly explains some of the more difficult accounting concepts particular to Not-for-Profits.\"  \u003cbr\u003e—Richard Tierney, Director of Finance, North Shore Animal League America \u003c\/p\u003e\u003cp\u003e\"This book is a concise, complete review of the fundamentals of Not-for-Profit accounting and governance. Every topic is covered with a directness and honesty that builds confidence in those who need to learn how to do their jobs well. This is just what we need in today's choppy Not-for-Profit waters.\"  \u003cbr\u003e—Rev. Luke L. Travers, OSB, Business Officer, Delbarton School\/St. Mary's Abbey \u003c\/p\u003e\u003cp\u003e\"Larry Scot's book is a clearly written step-by-step guide on how to set up and maintain accounting records. Every Not-for-Profit financial executive should have this book on their shelf for reference. I highly recommend this book.\" \u003cbr\u003e—Gail Rizick, CPA\/ABV\/CFF, CVA, Cr.FA, ASA \u003c\/p\u003e\u003cp\u003e\u003cb\u003eYOUR A-TO-Z GUIDE TO NOT-FOR-PROFIT FORMATION, ACCOUNTING, AND REPORTING\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIf you need basic, easy-to-understand information on how Not-for-Profit organizations are formed, how they're structured, and the unique accounting and reporting issues they face, \u003ci\u003eThe Simplified Guide to Not-for-Profit Accounting, Formation, and Reporting\u003c\/i\u003e is the only resource you need. \u003c\/p\u003e\u003cp\u003eThis comprehensive guide provides you with expert advice on how to maintain the financial \"books\" of a typical Not-for-Profit entity and what is needed to comply with most reporting requirements. Plus, it lays out what a Not-for-Profit organization is, the rules it must follow, the role and responsibilities of its board of directors, and the various regulatory agencies that Not-for-Profits must report to. \u003c\/p\u003e\u003cp\u003eStraightforward and hands-on, this effective reference will help you navigate through all of the key accounting and reporting issues unique to the Not-for-Profit world, including: \u003c\/p\u003e\u003cul\u003e \u003cli\u003e\tStep-by-step instructions for forming a Not-for-Profit\u003c\/li\u003e \u003cli\u003eNot-for-Profit internal controls and financial statements\u003c\/li\u003e \u003cli\u003eDeveloping a \"chart of accounts\" and operating budgets\u003c\/li\u003e \u003cli\u003eNot-for-Profit accounting rules and GAAP\u003c\/li\u003e \u003cli\u003eEverything you need to know about the new Form 990\u003c\/li\u003e \u003cli\u003eAccounting for unrestricted and restricted contributions, grants, and other revenue\u003c\/li\u003e \u003cli\u003ePlus much more!\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhether you are performing accounting functions, responsible for financial management, or simply want to understand Not-for-Profit accounting, operations, and reporting, \u003ci\u003eThe Simplified Guide to Not-for-Profit Accounting, Formation, and Reporting\u003c\/i\u003e is a great and handy book to have around for easy reference.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990340354277,"sku":"NP9780470575444","price":58.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470575444.jpg?v=1761787426","url":"https:\/\/k12savings.com\/products\/the-simplified-guide-to-not-for-profit-accounting-formation-and-reporting-isbn-9780470575444","provider":"K12savings","version":"1.0","type":"link"}