Title Details

Richard F. Larkin is technical director of not-for-profit accounting and auditing for BDO Seidman, LLP, in Bethesda, Maryland. Previously he was the technical director of the Not-for-Profit Industry Services Group in the national office of PricewaterhouseCoopers. He is a certified public accountant, bard member, treasurer, and consultant. He teaches, speaks, and writes extensively on not-for-profit industry matters and is active in many professional and industry organizations. He has been a member of the Financial Accounting Standards Board Not-for-Profit Advisory Task Force and the AICPA Not-for-Profit Organizations Committee, and Chaired the AICPA Not-for-Profit Audit Guide Task Force. He participated in both the third and Fourth editions of Standards of Accounting and Financial Reporting for Voluntary Health and Welfare Organizations, and the AICPA Practice Aid, Financial Statement Presentation and Disclosure Practice for Not-for-Profit organizations. He graduated from Harvard College and has an MBA from Harvard Business School. He is a coauthor of the fourth, fifth, and sixth editions of Financial and Accounting Guide for Not-for-Profit Organizations, which were published by John Wiley & Sons Inc.

Marie DiTommaso, CPA, is a partner in the firm of DiTommaso and Ruppel, CPAs, which she cofounded. She has over twenty years of experience in accounting and financial reporting in both the not-for-profit and commercial accounting environments. She began her career with KPMG after graduating from Queens College of the City University of New York. Later in her career, she joined the American Express Company and then Dun & Bradstreet Corporation, both to9 develop, write, and implement accounting policies and procedures. After leaving these corporate organizations, Ms. DiTommaso served as the chief financial officer of a not-for-profit organization.

Ms. DiTommaso is a member of the American Institute of Certified Public Accountants. She has served as President of the Bergen County chapter of the New Jersey Women Business Owners Association, and as an advisor to its Board of Directors.

Authoritative Accounting Pronouncements.

Part 1: Overview of Not-for-Profit Organizations.

1. Overview of Not-for-Profit Organizations.

2. Cash versus Accrual Basis Accounting.

Part 2: Basic Financial Statements.

3. Statement of Financial Position.

4. Statement of Activities.

5. Statement of Cash Flows.

6. Other Financial Statement Issues.

Part 3: Specific Not-for-Profit Accounting Topics.

7. Fund Accounting.

8. Net Assets.

9. Contributions, Pledges, and Noncash Contributions.

10. Investments.

11. Affiliated Organizations.

12. Split-Interest Agreements.

13. Fund-Raising and Joint Costs.

14. Functional Reporting.

15. Collections.

Part 4: Other Accounting-related Not-for-Profit Topics.

16. Accounting for Specific Types of Not-for-Profits.

17. Importance of Budgets to a Not-for-Profit.

18. Principal Federal and State Tax reporting and Regulatory requirements.

Part 5: General Accounting Topics Applied to Not-for-Profit Organizations.

19. Current Assets and Current Liabilities.

20. Inventory.

21. Long-Lived Assets, Depreciation, and Impairment.

22. Intangible Assets.

23. Contingencies.

24. Business Combinations.

25. Accounting for Pensions and Postretirement Benefits.

26. Long-Term Liabilities.

27. Accounting Changes.

28. Accounting for Leases.

29. Financial Instruments.

30. Capitalization of Interest Costs.

Appendix: Disclosure Checklist.

Index.