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ACCOUNTING FOR NONGOVERNMENT NONBUSINESS ORGANIZATIONS: COLLEGES AND UNIVERSITIES, HOSPITALS AND OTHER HEALTH CARE ORGANIZATIONS

LEARNING OBJECTIVES

images Describe the source of accounting standards for nongovernment nonbusiness organizations (NNOs).

images Identify the three basic statements for NNOs.

images Describe the basic funds used by nongovernment nonbusiness organizations.

images Distinguish between a current restricted fund and an unrestricted fund.

images Explain the term “assets whose use is limited.”

images Distinguish between a mandatory and a nonmandatory transfer.

images Explain how contributions are recorded by NNOs.

Understand how donated services are recorded.

Describe the funds used to account for property, plant ...

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