The Simplified Guide to Not-for-Profit Accounting, Formation and Reporting
Erschienen am 5. Mai 2010
288 Seiten
978-0-470-62644-3 (ISBN)
Beschreibung
A complete and easy to understand guide to the fundamentals of hownot-for-profit organizations are formed and run, as well as theirstructure and the unique accounting and reporting issues they face.
Providing you with a comprehensive understanding of how tomaintain the "books" of a typical nonprofit entity and comply withnumerous reporting requirements, The Simplified Guide toNot-for-Profit Accounting, Formation &Reporting equips you with everything you need to know toform a Not-For-Profit, setup an accounting system, record financialtransactions and report to donors and regulatory bodies.
Topics include:
* Step-by-step guide to forming a Not-For-Profit and applyingfor tax exemption
* Becoming familiar with unique Not-For-Profit accounting rulessuch as classifying contributions/grants and recordingrestrictions, allocation of expenses to programs and supportingservices and investment classification and reporting
* Budget development, payroll processing and accounting forpersonnel costs
* Shows how to prepare and understand required Not-For-Profitfinancial statement and their components
* Provides you with a broad understanding of the numerous filingrequirement required by donors, grantors and government regulatoryagencies
Practical and comprehensive in scope, The Simplified Guide toNot-for-Profit Accounting, Formation &Reporting offers a wealth of practical information toaccountants and non-accountants alike for understandingNot-For-Profit financial transactions, financial statements and themany internal and external reports they must prepare.
Providing you with a comprehensive understanding of how tomaintain the "books" of a typical nonprofit entity and comply withnumerous reporting requirements, The Simplified Guide toNot-for-Profit Accounting, Formation &Reporting equips you with everything you need to know toform a Not-For-Profit, setup an accounting system, record financialtransactions and report to donors and regulatory bodies.
Topics include:
* Step-by-step guide to forming a Not-For-Profit and applyingfor tax exemption
* Becoming familiar with unique Not-For-Profit accounting rulessuch as classifying contributions/grants and recordingrestrictions, allocation of expenses to programs and supportingservices and investment classification and reporting
* Budget development, payroll processing and accounting forpersonnel costs
* Shows how to prepare and understand required Not-For-Profitfinancial statement and their components
* Provides you with a broad understanding of the numerous filingrequirement required by donors, grantors and government regulatoryagencies
Practical and comprehensive in scope, The Simplified Guide toNot-for-Profit Accounting, Formation &Reporting offers a wealth of practical information toaccountants and non-accountants alike for understandingNot-For-Profit financial transactions, financial statements and themany internal and external reports they must prepare.
Weitere Details
Weitere Ausgaben
Person
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 andgovernmental reporting.
Inhalt
Preface.
CHAPTER 1 INTRODUCTION.
CHAPTER 2 NFP ORGANIZATION FORMATION.
CHAPTER3 NFP ORGANIZATIONAL STRUCTURE.
CHAPTER 4 INTRODUCTION TO NFP ACCOUNTING ANDREPORTING.
CHAPTER 5 NFP ACCOUNTING SYSTEM AND FINANCIALSTATEMENTS.
CHAPTER 6 ASSETS -- CONCEPTS AND DATA FLOW.
CHAPTER 7 LIABILITIES AND NET ASSETS --CONCEPTS AND DATAFLOW.
CHAPTER 8 ACCOUNTING FOR SUPPORT AND REVENUE.
CHAPTER 9 ACCOUNTING FOR PERSONNEL COSTS AND OTHEREXPENSES.
CHAPTER 10 INVESTMENTS, POOLING AND SPLIT-INTERESTAGREEMENTS.
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 AND990-PF).
CHAPTER 15 CONTRIBUTION/GRANT APPLICATIONS ANDREPORTING.
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.
CHAPTER 1 INTRODUCTION.
CHAPTER 2 NFP ORGANIZATION FORMATION.
CHAPTER3 NFP ORGANIZATIONAL STRUCTURE.
CHAPTER 4 INTRODUCTION TO NFP ACCOUNTING ANDREPORTING.
CHAPTER 5 NFP ACCOUNTING SYSTEM AND FINANCIALSTATEMENTS.
CHAPTER 6 ASSETS -- CONCEPTS AND DATA FLOW.
CHAPTER 7 LIABILITIES AND NET ASSETS --CONCEPTS AND DATAFLOW.
CHAPTER 8 ACCOUNTING FOR SUPPORT AND REVENUE.
CHAPTER 9 ACCOUNTING FOR PERSONNEL COSTS AND OTHEREXPENSES.
CHAPTER 10 INVESTMENTS, POOLING AND SPLIT-INTERESTAGREEMENTS.
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 AND990-PF).
CHAPTER 15 CONTRIBUTION/GRANT APPLICATIONS ANDREPORTING.
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.
