Nonprofit accounting & financial statements : Overview for board, management, and staff
Record details
- ISBN: 9780997108965
- ISBN: 0997108967
- ISBN: 9780997108972
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Physical Description:
print
xx, 231 pages : illustrations ; 22 cm - Edition: Revised 2nd edition with New Accounting Standards Update.
- Publisher: Cambridge, MA : Mercury Group Press, [2017]
- Copyright: ©2017
Content descriptions
General Note: | This revised edition covers new requirements in nonprofit accounting and financial reporting from changes made in late 2017 not included in the first edition. |
Bibliography, etc. Note: | Includes bibliographical references and index. |
Formatted Contents Note: | Section A: Setting the stage -- 1. Nonprofits: Big business in the USA -- 2. Financial direction, oversight & control -- Section B: Nonprofit financial statements -- 3. Nonprofit accounting rules -- 4. Statement of activities -- 5. Statement of financial position -- 6. Statement of cash cows -- 7. Statement of functional expenses -- Section C: The mechanics of nonprofit accounting -- 8. Recording financial transactions -- 9. Contribution, gift, & pledge transactions -- 10. Program services transactions -- 11. Payroll expense transactions -- 12. Contracts and grants transactions -- 13. Capital transactions & depreciation -- 14. Fundraising transactions -- 15. Other common transactions -- Section D: Planning, budgeting, financial reporting & oversight -- 16. Measuring financial performance -- 17. Ratios & benchmarking -- 18. Nonprofit "dashboards" -- 19. Planning, budgeting & strategy -- 20. Financial reporting with form 990 -- Section E: Conclusion -- 21. What can go wrong? -- 22. Twenty important lessons learned -- Addendum: FASB changes the rules (slightly, but importantly) -- Further reading -- Index. |
Search for related items by subject
Subject: | Nonprofit organizations Accounting Nonprofit organizations Finance Financial statements |
Available copies
- 1 of 1 copy available at Kirtland Community College.
Holds
- 0 current holds with 1 total copy.
Show Only Available Copies
Location | Call Number / Copy Notes | Barcode | Shelving Location | Status | Due Date |
---|---|---|---|---|---|
Kirtland Community College Library | HF 5686 .N56 I88 2017 | 30775305514474 | General Collection | Available | - |
Nonprofit Accounting and Financial Statements : Overview for Board, Management, and Staff
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Summary
Nonprofit Accounting and Financial Statements : Overview for Board, Management, and Staff
NEW 2nd EDITION with 2017 FASB Accounting Standards Update. A simple, yet complete (and very readable) guide to nonprofit accounting and financial statement reporting. Teaches how money enters the organization as donations and grants and then exits the organization as expenses or capital purchases. Shows how nonprofit financial transactions are recorded and how summaries are prepared and presented to stakeholders. No prior accounting knowledge is required. Immensely helpful information made accessible in an informal and witty way. An accounting book that is actually as enjoyable as it is useful Nonprofit Accounting & Financial Reporting: Overview for Board, Management, and Staff by Thomas R. Ittelson will teach you how the financial accounts of your nonprofit organization function. Written for non-financial types, this book focuses on the four major financial statements of a nonprofit organization: the Statement of Activities, Statement of Financial Position, Statement of Cash Flows, and the Statement of Functional Expenses. You will learn: -- How accounting entries and financial statements of your nonprofit organization interact to give a clear picture of the financial health of the organization. -- All the accounting words you will need to know to communicate effectively and participate in financial decision-making discussions in your organization. -- Only the accounting and financial reporting proficiency that is both necessary and relevant, leaving all the esoterica to the professionals. -- Skills required to satisfy your fiduciary duty to the organization, its donors, its clients, the community, funding sources, and the Feds. -- Nonprofit accounting can be fun