Wiley Not-for-Profit GAAP 2015

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.

Detailed, practical coverage of GAAP, tailored to not-for-profit organizationsWiley 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 organizationsPreparers 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.

Preface viiAbout the Authors ixNot-for-Profit Accounting Literature xiPart 1 Overview of Not-for-Profit Organizations 1Chapter 1 Overview of Not-for-Profit Organizations 3Chapter 2 Cash versus Accrual Basis Accounting 11Part 2 Basic Financial Statements 21Chapter 3 Statement of Financial Position 23Chapter 4 Statement of Activities 31Chapter 5 Statement of Cash Flows 41Chapter 6 Other Financial Statement Issues 55Part 3 Specific Not-for-Profit Accounting Topics 75Chapter 7 Fund Accounting 77Chapter 8 Net Assets 91Chapter 9 Contributions, Pledges, Noncash Contributions, and Exchange Transactions 101Chapter 10 Investments 151Chapter 11 Affiliated Organizations 175Chapter 12 Split-Interest Agreements 199Chapter 13 Fundraising and Joint Costs 211Chapter 14 Functional Reporting 227Chapter 15 Collections 233Part 4 Other Accounting-Related Not-for-Profit Topics 237Chapter 16 Accounting for Specific Types of Not-for-Profits 239Chapter 17 Importance of Budgets to a Not-for-Profit 255Chapter 18 Principal Federal and State Tax Reporting and Regulatory Requirements 275Part 5 General Accounting Topics Applied to Not-for-Profit Organizations 337Chapter 19 Current Assets and Current Liabilities 339Chapter 20 Inventory 349Chapter 21 Long-Lived Assets, Depreciation, and Impairment 359Chapter 22 Intangible Assets 373Chapter 23 Contingencies 381Chapter 24 Mergers and Acquisitions 397Chapter 25 Accounting for Pensions and Postretirement Benefits 413Chapter 26 Long-Term Liabilities 455Chapter 27 Accounting Changes 475Chapter 28 Accounting for Leases 483Chapter 29 Financial Instruments 523Chapter 30 Capitalization of Interest Costs 537Appendix: Disclosure Checklist 543Index 573