Wiley Not-for-Profit GAAP 2016

Detailed, practical coverage of GAAP, tailored to not-for-profit organizations Wiley Not-for-Profit GAAP 2016 is a thorough examination of the authoritative standards for measurement, presentation and disclosure as applied to not-for-profit organizations. Due to these organizations' unique characteristics, not-for-profit accountants must adhere to specific Generally Accepted Accounting Principles (GAAP). These requirements are complex and ever evolving, but this single volume brings them together, providing the most up-to-date information available. Flowcharts and diagrams are used to assist the reader's understanding of the material. Additionally, a financial statement disclosure checklist facilitates GAAP adherence. Designed specifically for accountants in public practice and industry, this guide covers requirements from all relevant organizations, including the Financial Accounting Standards Board (FASB) and Accounting Principles Board (APB). Technical and accounting research bulletins are clearly and concisely summarized, as are all statements of position important to not-for-profit organizations. Together, these resources make Wiley Not-for-Profit GAAP 2016 a complete reference tool for auditors and financial personnel in the not-for-profit sector. 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 2016 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 2016 is a thorough examination of the authoritative standards for measurement, presentation and disclosure as applied to not-for-profit organizations. Due to these organizations' unique characteristics, not-for-profit accountants must adhere to specific Generally Accepted Accounting Principles (GAAP). These requirements are complex and ever evolving, but this single volume brings them together, providing the most up-to-date information available. Flowcharts and diagrams are used to assist the reader's understanding of the material. Additionally, a financial statement disclosure checklist facilitates GAAP adherence.Designed specifically for accountants in public practice and industry, this guide covers requirements from all relevant organizations, including the Financial Accounting Standards Board (FASB) and Accounting Principles Board (APB). Technical and accounting research bulletins are clearly and concisely summarized, as are all statements of position important to not-for-profit organizations. Together, these resources make Wiley Not-for-Profit GAAP 2016 a complete reference tool for auditors and financial personnel in the not-for-profit sector.* 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 2016 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 73Chapter 7 Fund Accounting 75Chapter 8 Net Assets 87Chapter 9 Contributions, Pledges, Noncash Contributions, and Exchange Transactions 95Chapter 10 Investments 139Chapter 11 Affiliated Organizations 159Chapter 12 Split-Interest Agreements 179Chapter 13 Fundraising and Joint Costs 189Chapter 14 Functional Reporting 203Chapter 15 Collections 209Part 4 Other Accounting-Related Not-for-Profit Topics 213Chapter 16 Accounting for Specific Types of Not-for-Profits 215Chapter 17 Importance of Budgets to a Not-for-Profit 229Chapter 18 Principal Federal and State Tax Reporting and Regulatory Requirements 247Part 5 General Accounting Topics Applied to Not-for-Profit Organizations 305Chapter 19 Current Assets and Current Liabilities 307Chapter 20 Inventory 315Chapter 21 Long-Lived Assets, Depreciation, and Impairment 323Chapter 22 Intangible Assets 335Chapter 23 Contingencies 343Chapter 24 Mergers and Acquisitions 359Chapter 25 Accounting for Pensions and Postretirement Benefits 375Chapter 26 Long-Term Liabilities 411Chapter 27 Accounting Changes 429Chapter 28 Accounting for Leases 435Chapter 29 Financial Instruments 469Chapter 30 Capitalization of Interest Costs 481Appendix: Disclosure Checklist 487Index 517