Accounting and Reporting for Not-for-Profit Organizations AICPA Series

This title provides the tools necessary to go beyond the theory and create value-added services for accountants? clients. In the not-for-profit arena. This book allows readers to examine, evaluate, and perform case studies, which will enhance their working knowledge of fundamental not-for-profit accounting and reporting, presentation requirements, note disclosures unique to not-for-profits, and options allowed under generally accepted accounting principles.

Key topics include:

• Financial statement presentation, including FASB's financial reporting standard
• Statement of activities
• Statement of financial position and statement of cash flow
• Note disclosures
• Contribution concepts
• Functional expense and allocation of costs
• Endowments
• Operating versus non-operating
• Split interest agreements and beneficial trusts
• Agency transactions
• Programmatic investments
• Common financial statement mistakes

Case Study 1 1-1

The Big Picture 1-1

Case Study 2 2-1

Statement of Activities 2-1

Case Study 3 3-1

Statement of Financial Position and Statement of Cash Flows 3-1

Case Study 4 4-1

Note Disclosures 4-1

Case Study 5 5-1

Contribution Concepts 5-1

Case Study 6 6-1

Contribution Versus Exchange Transactions 6-1

Case Study 7 7-1

Contributed Services, Facilities, and Gifts In-Kind 7-1

Case Study 8 8-1

Collections 8-1

Case Study 9 9-1

Functional Expenses and Allocation of Costs 9-1

Case Study 10 10-1

Endowments 10-1

Case Study 11 11-1

Operating Versus Non-operating 11-1

Case Study 12 12-1

Split-Interest Agreements and Beneficial Trusts 12-1

Questions 12-3

Case Study 13 13-1

Relationships With Other Entities 13-1

Relationships with other NFPs 13-2

Relationship with for-profit entities 13-5

Consolidated financial statements 13-7

Case Study 14 14-1

Agency Transactions 14-1

Case Study 15 15-1

Programmatic Investments 15-1

Case Study 16 16-1

Common Financial Statement Mistakes 16-1

Glossary Glossary 1

Index Index 1

Solutions Solutions 1

Case study 1 Solutions 1

Case study 2 Solutions 1

Case study 3 Solutions 2

Case study 4 Solutions 3

Case study 5 Solutions 4

Case study 6 Solutions 5

Case study 7 Solutions 5

Case study 8 Solutions 6

Case study 9 Solutions 7

Case study 10 Solutions 8

Case study 11 Solutions 8

Case study 12 Solutions 9

Case study 13 Solutions 9

Case study 14 Solutions 10

Case study 15 Solutions 11

Case study 16 Solutions 11

Case Study Solutions Case Study Solutions 1

Case study 1 Case Study Solutions 1

Case study 2 Case Study Solutions 2

Case study 3 Case Study Solutions 3

Case study 4 Case Study Solutions 3

Case study 5 Case Study Solutions 5

Case study 6 Case Study Solutions 7

Case study 7 Case Study Solutions 7

Case study 8 Case Study Solutions 9

Case study 9 Case Study Solutions 10

Case study 10 Case Study Solutions 10

Case study 11 Case Study Solutions 11

Case study 12 Case Study Solutions 12

Case study 13 Case Study Solutions 13

Case study 14 Case Study Solutions 13

Case study 15 Case Study Solutions 14

Case study 16 Case Study Solutions 15

Melisa F. Galasso, CPA, is the founder and CEO of Galasso Learning Solutions LLC. She designs and facilitates courses in advanced technical accounting and auditing topics, including not for profit and governmental accounting. Galasso is a Certified Professional in Learning & Performance (CPLP) and has earned the Association for Talent Development Master Trainer™ designation. She also serves on the FASB's Not-for-Profit Advisory Committee (NAC), the AICPA’s Technical Issues Committee (TIC), has had leadership roles on various A&A committees, and serves on the VSCPA's Board of Directors. She is a 2020 Enterprising Women of the Year Award recipient and was honored as a "40 under 40" by CPA Practice Advisor in 2017 and 2018. She was also named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training.