Financial and Accounting Guide for Not-for-Profit Organizations, Eighth Edition 2014 Supplement
by John A. Mattie, Nancy E. Shelmon, John H. McCarthy
Contents
Note to the Reader: Sections not in the main bound volume are indicated by “(New)” after the title. Material new to or modified in this supplement is indicated by an asterisk (*) in the left margin in the Contents and throughout the supplement.
CHAPTER 1 Responsibilities for Fiscal Management
1.4 Safeguarding Financial Assets and Providing Effective Internal Controls
1.5 Complying with Federal and State Reporting and Regulatory Requirements
1.7 Ten Key Points to Consider in Not-for-Profit Fiscal Management
(iii) Audited Financial Reports Are Prepared by Management
CHAPTER 2 Accounting Distinctions between Not-for-Profit and Commercial Organizations
2.2 Principal Areas of Accounting Differences
(a) Cash versus Accrual Accounting
CHAPTER 3 Cash- versus Accrual-Basis Accounting
3.1 Cash and Accrual Statements Illustrated
CHAPTER 4 Fund Accounting and Internal Financial Reporting
4.4 Typical “Fund” Financial Statements
*CHAPTER 5 Fixed Assets and Depreciation
5.1 General Principles—Working Definitions
5.6 Contributions Restricted for Purchase of Fixed Assets ...
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