Financial and Accounting Guide for Not-for-Profit Organizations

Completely revised and expanded edition of the nonprofit industry's bestselling finance and accounting standard The accounting environment has changed dramatically over the past ten years, especially in the nonprofit sector. Filled with authoritative advice on the financial reporting, accounting, and control situations unique to not-for-profit organizations, this new updated Eighth Edition of Financial and Accounting Guide for Not-for-Profit Organizations addresses the many changes that have recently affected the finance and accounting practices of the nonprofit sector, with a focus on fair value accounting. Representing the collaborative efforts of many expert PricewaterhouseCoopers professionals, Financial and Accounting Guide for Not-for-Profit Organizations presents the accounting and reporting guidelines for different types of nonprofits, complete guidance on tax and compliance reporting requirements, illustrated explanations of various acceptable financial statements, a how-to section on setting up and keeping the books with step-by-step procedures and forms, and commentary on computers and accounting software. Highlighting organizations that have fully integrated net asset accounting into their financial reporting, this completely revised and streamlined Eighth Edition has been updated to include: The latest updates on regulatory reporting and disclosure changes The introduction of fair value accounting, which affects the ways in which investments, contributions receivable, and split interest agreements are viewed and valued Completely revamped and revised AICPA accounting and audit guidelines for nonprofit organizations Many new topics, including microfinance and expanded disclosure on gifts-in-kind accounting, valuation, and reporting A new chapter on the municipal bond market FASB Codification and how to find accounting literature A new appendix addressing the convergence of IFRS with U.S. GAAP Long recognized as the industry-standard reference on not-for-profit finance and accounting, Financial and Accounting Guide for Not-for-Profit Organizations is a must-have for nonprofit accountants and financial managers, nonprofit executives and directors, boards of directors/trustees, and CPAs for nonprofit organizations. As a celebratory bonus, when you purchase this print version, you will also receive a free e-book download of Financial and Accounting Guide for Not-for-Profit Organizations, Eighth Edition. For details, see the inside back cover of this book.