O'Reilly logo

Financial and Accounting Guide for Not-for-Profit Organizations, Eighth Edition 2014 Supplement by John H. McCarthy, Nancy E. Shelmon, John A. Mattie

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 7

Affiliated Organizations, Pass-Through Transactions, and Mergers

7.1 Types of Relationships Often Found

(a) The Fundraising Affiliate of a Parent Organization

*7.2 Definition of the Reporting Entity

*(a) Pass-Through Gifts and Assets Held for the Benefit of Another Organization

*(b) Combined Financial Statements

(i) Reporting of Related Entities by Not-for-Profit Organizations

(ii) Omnibus Changes to Consolidation and Equity Method Guidance for Not-for-Profit Organizations

(iii) Consolidation of Variable Interest Entities

7.3 Mergers of Not-for-Profit Organizations

(b) Not-for-Profit Entities: Mergers and Acquisitions

p. 73, chapter featuring list. Update the title of section 7.2 to “7.2 Accounting and Financial Reporting Issues.”

*p. 73, chapter featuring list. Update the title of section 7.2(b) to “Consolidated Financial Statements.”

*p. 74, second paragraph. Replace “three” with “two.”

p. 74, numbered list. Delete “combined for reporting purposes” from number two in the list and replace it with “reported as a single entity (i.e., consolidated).”

p. 74, numbered list. Delete number three in the list.

7.1 Types of Relationships Often Found

(a) The Fundraising Affiliate of a Parent Organization

p. 74, first paragraph. Delete the fifth sentence, which starts: “Hospitals often do the same . . .”

7.2 Definition of the Reporting Entity

p. 76. Change the section 7.2 title to “7.2 Accounting and Financial Reporting Issues.”

*p. 76, numbered list. Add “Accounting for” prior ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required