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- Wiley
More About This Title The Simplified Guide to Not-for-Profit Accounting, Formation & Reporting
English
Providing you with a comprehensive understanding of how to maintain the "books" of a typical nonprofit entity and comply with numerous reporting requirements, The Simplified Guide to Not-for-Profit Accounting, Formation & Reporting 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.
Topics include:
- Step-by-step guide to forming a Not-For-Profit and applying for tax exemption
- Becoming 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
- Budget development, payroll processing and accounting for personnel costs
- Shows how to prepare and understand required Not-For-Profit financial statement and their components
- Provides you with a broad understanding of the numerous filing requirement required by donors, grantors and government regulatory agencies
Practical and comprehensive in scope, The Simplified Guide to Not-for-Profit Accounting, Formation & Reporting 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.
English
LAURENCE SCOT is the cofounder and comanaging partner of Skody Scot & 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&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.
English
CHAPTER 1 INTRODUCTION.
CHAPTER 2 NFP ORGANIZATION FORMATION.
CHAPTER3 NFP ORGANIZATIONAL STRUCTURE.
CHAPTER 4 INTRODUCTION TO NFP ACCOUNTING AND REPORTING.
CHAPTER 5 NFP ACCOUNTING SYSTEM AND FINANCIAL STATEMENTS.
CHAPTER 6 ASSETS — CONCEPTS AND DATA FLOW.
CHAPTER 7 LIABILITIES AND NET ASSETS —CONCEPTS AND DATA FLOW.
CHAPTER 8 ACCOUNTING FOR SUPPORT AND REVENUE.
CHAPTER 9 ACCOUNTING FOR PERSONNEL COSTS AND OTHER EXPENSES.
CHAPTER 10 INVESTMENTS, POOLING AND SPLIT-INTEREST AGREEMENTS.
CHAPTER 11 SUBSIDIARIES AND INTERRELATED ENTITIES.
CHAPTER 12 BUDGET DEVELOPMENT AND APPLICATIONS.
CHAPTER 13 SPECIAL TYPES OF NFP ORGANIZATIONS.
CHAPTER 14 REGULATORY REPORTING (990, 990-T AND 990-PF).
CHAPTER 15 CONTRIBUTION/GRANT APPLICATIONS AND REPORTING.
CHAPTER 16 AUDITS – PREPARATION AND RESPONSE.
CHAPTER 17 CONCLUSION.
APPENDIX A TAX-EXEMPT ORGANIZATION REFERENCE CHART.
APPENDIX B SAMPLE NFP CHART OF ACCOUNTS.
APPENDIX C ABBREVIATIONS
Glossary.
About the Author.
Index.
