accounting standards for other not for profit organizations
Financial and accounting guide for not for profit organizations
... Most of not -for- profit accounting is no different from for- profit accounting The primary area which is different for not -for- profit organizations is accounting for contributions For- profit corporations ... Model for Public Colleges and Universities and Other Not -for- Profit Organizations Reporting under GASB” (now Chapter 15), and • “E-Business for Not -for- Profit Organizations: How Can Not -for- Profits ... RESPONSIBILITIES FOR FISCAL MANAGEMENT 1.7 TEN KEY POINTS TO CONSIDER IN NOT -FOR- PROFIT FISCAL MANAGEMENT (a) Accounting Principles (i) Not -for- Profit Accounting Is Not Very Different from For- Profit Accounting...
Ngày tải lên: 13/03/2014, 23:41
Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition_1 ppt
... Public not -for- profits Private not -for- profits Investor-owned businesses Federal Accounting Standards Advisory Board (FASAB) Governmental Accounting Standards Board (GASB) Governmental Accounting Standards ... 2/1/10 6:56:31 PM Contents Chapter Ten ACCOUNTING FOR PRIVATE NOT -FOR- PROFIT ORGANIZATIONS 300 Organizations Covered in this Chapter 302 Overview of Not -for- Profit Accounting 302 Three Classes of Net ... by governments Accounting and financial reporting standards for profit- seeking businesses and for nongovernmental not -for- profit organizations are set by the Financial Accounting Standards Board...
Ngày tải lên: 20/06/2014, 20:20
Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition_3 pptx
... GASB standards guide the format of this comparison, the GASB does not prescribe budgetary accounting practices and does not require governments to maintain budgetary accounts Budgetary accounts not ... Statement 54: • General Fund Accounts for and reports all financial resources not accounted for and reported in another fund • Special Revenue Funds Account for and report the proceeds of specific ... appropriations that are encumbered may or may not carry forward to the next accounting period, depending on the government’s policy If they not carry forward and must be appropriated again in the...
Ngày tải lên: 20/06/2014, 20:20
Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition_4 pdf
... one fund to another with the expectation they will be repaid Due from Other Fund …Dr Cash ……………………… Cr If the loan is long-term, Advance to Other Funds is used in place of Due from Other Funds ... Property Taxes as Revenues GASB standards for property tax revenue recognition under the modified accrual basis of accounting provide that revenue should not be recognized for property taxes expected ... available for 2012 expenditures, entry recognizes that amount as a revenue for 2012 (see entry 27 for the current year deferral): cop2705X_Ch04_087-121.indd 92 2/2/10 8:12:38 PM Accounting for the...
Ngày tải lên: 20/06/2014, 20:20
Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition_6 doc
... activities Other differences exist between GASB requirements and the requirements by FASB for businesses and nongovernmental, not -for- profit organizations First, cash flow statements for proprietary ... requirement exists for cash flow statements prepared for commercial businesses and private not -for- profit organizations Apago PDF Enhancer Accounting for Municipal Solid Waste Landfills Many of the ... disclosed in the notes to the financial statements Implications for Other Funds The operation of internal service funds has important implications for other funds As we have seen, charges for services...
Ngày tải lên: 20/06/2014, 20:20
Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition_9 pdf
... Chapter Other financing sources (uses) Proceeds of bonds Premium on bonds Transfers from other funds Transfers (to) other funds Excess of revenues and other sources over (under) expenditures and other ... services or programs for example, fire protection, library services, mosquito abatement, and drainage.” Governmental health care entities, public school systems, other not- forprofit entities (e.g., ... (under) expenditures Other financing sources (uses) Transfers from other funds Transfers (to) other funds Total Excess of revenues and other sources over (under) expenditures and other uses Change...
Ngày tải lên: 20/06/2014, 20:20
Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition_12 pot
... and private colleges, private not -for- profit health care organizations follow FASB standards In particular, several standards are written specifically for not -for- profits, including Statements ... Exchange HCA and other private for- profit health care organizations follow FASB standards excluding those written specifically for not -for- profits While the three types of health care organizations ... Private-sector not -for- profit health care entities must disclose expenses by their functional classifications in the notes, if not provided in the Statement of Operations • As is true for other not -for- profits,...
Ngày tải lên: 20/06/2014, 20:20
Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition_13 potx
... Accountants working for, auditing, or providing consulting services to not -for- profit organizations must be aware of certain tax issues related to those organizations Generally, not -for- profit organizations ... variety of not -for- profit organizations Now we will focus on the use of financial and nonfinancial information in evaluating the performance and financial position of not -for- profit organizations ... Tax-Exempt Organizations, and Evaluating Performance ABC Not -for- profit Current liabilities Accounts payable XYZ Not -for- profit $ 78,000 Total current liabilities Noncurrent liabilities Notes payable...
Ngày tải lên: 20/06/2014, 20:20
Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition_14 doc
... and Not -for- Profit Organizations Receiving Federal Awards Replaces former OMB Circular A–128 for state and local governments and A–133 for not -for- profit organizations Provides guidance for auditors ... debt (governmental) The portion of net assets—permanently restricted (not -for- profit) Used in accounting for not- forprofit organizations indicating the amount of net assets whose use is permanently ... restricted See restricted (governmental ) net assets—temporarily restricted (not- forprofit) Used in accounting for not -for- profit organizations indicating the amount of net assets whose use is temporarily...
Ngày tải lên: 20/06/2014, 20:20
Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition_15 pot
... Audit Guide: Not -for- Profit Organizations, 337, 363 Audit and Accounting Guide: Health Care Organizations, 273 Audit and Accounting Guide: Not -for- Profit Organizations, Audit and Accounting Guide: ... Acquisitions (FASB Statement 164), 322 Not -for- profit environment, characteristics, Not -for- profit organizations accounting, See also Private not -for- profit organizations financial reporting, Apago ... classification, 111 Note disclosures, 304 Not -for- profit accounting, overview, 302–308 Not -for- profit entities assets identification, 322 financial reporting objectives, Not -for- Profit Entities:...
Ngày tải lên: 20/06/2014, 20:20
Tài liệu Directors of Not-for-profit Organizations Should Ask about Governance pdf
... and not -for- profit governance.) The 20 Questions for Not -for- Profits Series 20 Questions Directors of Not -for- profit Organizations Should Ask about Governance 20 Questions Directors of Not -for- profit ... differences between for- profit and not -for- profit organizations is their view of costs Success for a business is defined as making a profit by maximizing revenues and minimizing costs Not -for- profits see ... of board members’ For a full discussion of sources of liability for directors of not -for- profit organizations, see Chapter of Industry Canada’s Primer for Directors of Not -for- Profit Corporations...
Ngày tải lên: 21/02/2014, 17:20
Not for profit accounting, formation & reporting
... Additional Praise for The Simplified Guide to Not -for- Profit Accounting, Formation, and Reporting ‘‘This book is fantastic! Not -for- profit accounting can be quite complex at times, ... Simplified Guide to Not -for- Profit Accounting, Formation, and Reporting is the most concise, complete, and important resource for everyone considering and practicing not -for- profit accounting. ’’ —Mark ... ‘ Accounting can’t be made too simple for me If you want to start a not -for- profit company or serve on a board, Laurence Scot’s simplified guide will bring the mystifying world of not -for- profit accounting...
Ngày tải lên: 14/03/2014, 00:19
Not for profit accounting, tax, and reporting requirements 4e
... Financial Accounting Standards #124: Accounting for Certain Investments Held by Not -for- Profit Organizations 233 Appendix D Statement of Financial Accounting Standards #136: Transfer of Assets to a Not -for- Profit ... Statement of Financial Accounting Standards #117: Financial Statements of Not -for- Profit Organizations 183 Appendix B Statement of Financial Accounting Standards #116: Accounting for Contributions ... Form 3115 must be filed Professional Accounting Standards Most not -for- profit organizations eventually retain the services of an independent CPA Auditing CPAs are required to follow Not -For- Profit...
Ngày tải lên: 14/03/2014, 00:24
PRIMER FOR DIRECTORS OF NOT-FOR-PROFIT CORPORATIONS pot
... also usually different for not -for- profit corporations, although this What is a not -for- profit corporation? varies from jurisdiction to jurisdiction Incorporating a Not -for- profit corporations (also ... the information in a separate section To avoid confusion, we generally not use the term “non -profit organi- This book focuses on incorporated not -for- profits zation” The term not -for- profit ... however, s The not -for- profit corporation is composed of members, whereas the for- profit corporation is owned by shareholders.1 s The members of a not -for- profit corporation cannot receive any...
Ngày tải lên: 08/03/2014, 16:20
Not for profit budgeting and financial management 4e
... Form 990-N Form 990-N is an electronic information IRS filing for very small not -for- profit organizations that not regularly have gross receipts over $25,000 Form 990-PF Form 990-PF is an information ... date Form 990 Form 990 is an information IRS filing It is open to public inspection Form 990-EZ Form 990-EZ is a shortened version of the Form 990 that is suitable for smaller not- forprofit -organizations ... account for transfer of assets to a not -for- profit organization or charitable trust that raises or holds contributions for others Highlights: ➢ Accounting for transactions between a not -for- profit...
Ngày tải lên: 14/03/2014, 00:32
FINANCIAL MANAGEMENT GUIDE FOR NON-PROFIT ORGANIZATIONS pdf
... required match for an NEA grant Internal Control Standards Organizations must provide safeguards for all grant property, whether cash or other assets, and assure that it is used solely for authorized ... by the General Accounting Office for audits, evaluations or other reviews to be performed by Federal auditors or by public accounting firms under contract to the Government Costs for audits, evaluations ... Conditions for Grants, the Financial Management Guide for Non -profit Organizations, the OMB Circulars and other publications on Federal and State requirements REFERENCES OMB Circular No A-110 - Uniform...
Ngày tải lên: 23/03/2014, 02:20
Federal Accounting Standards Advisory Board (FASAB): ACCOUNTING FOR PROPERTY, PLANT, AND EQUIPMENT docx
... individual provisions of the accounting standards may be implemented before other provisions For example, provisions for stewardship PP&E may be implemented before provisions for general PP&E ************************************************** ... accounting standards for liabilities which address liabilities for environmental cleanup resulting from an accident, natural disaster, or other one-time occurrence Those liability standards not ... proposes accounting standards for these assets after their acquisition The accounting standards in this document address (1) classification of PP&E in the categories, (2) accounting for the acquisition...
Ngày tải lên: 23/03/2014, 03:20
The Cambridge MBA: Not-for-Profit sector pdf
... help you develop your career within the Not -for- profit (NFP) sector Hone your professional skills in organisational behaviour, management practise and accounting and finance to successfully develop ... NFP sector in the UK There are a number of other scholarships and bursaries available For information on any of these, please visit our website • Costs For up to programme fees please visit our ... gave me the opportunity to combine my passion for development and experience by carrying out consulting assignments on renewable energy projects for the Fairtrade Foundation in Kenya and on Tata’s...
Ngày tải lên: 23/03/2014, 17:21
FINANCIAL MANAGEMENT GUIDE FOR NON-PROFIT ORGANIZATIONS NATIONAL ENDOWMENT FOR THE ARTS OFFICE OF INSPECTOR GENERAL SEPTEMBER 2008 pdf
... required match for an NEA grant Internal Control Standards Organizations must provide safeguards for all grant property, whether cash or other assets, and assure that it is used solely for authorized ... by the General Accounting Office for audits, evaluations or other reviews to be performed by Federal auditors or by public accounting firms under contract to the Government Costs for audits, evaluations ... Conditions for Grants, the Financial Management Guide for Non -profit Organizations, the OMB Circulars and other publications on Federal and State requirements REFERENCES OMB Circular No A-110 - Uniform...
Ngày tải lên: 19/06/2014, 19:20