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 8

Contributions, Pledges, and Noncash Contributions

8.1 Expendable Current Support

(a) Unrestricted Contributions

(iii) Presentation in the Statement of Activities

(b) Temporarily Restricted Contributions

(ii) Distinguishing Grants from Gifts

*(c) Investment Securities

8.2 Gifts-in-Kind

(a) Fixed Assets (Land, Buildings, and Equipment) and Supplies

(b) Museum Collections

(ii) Basis on Which to Value Services

(e) Use of Facilities

*(f) Services Provided by Other Organizations

8.3 Support Not Currently Expendable

(a) Endowment Gifts

(b) Pledges (Promises to Give)

(iii) Recording at Fair Value

(iv) Allowance for Uncollectible Pledges

(c) Bequests

(d) Split-Interest Gifts

(ii) Accounting for Split-Interest Gifts

p. 94, second paragraph, first sentence. Delete “audit guide for Not-for-Profit Organizations.” and replace with “AICPA Audit and Accounting Guide—Not-for-Profit Entities.”

8.1 Expendable Current Support

(a) Unrestricted Contributions

(iii) PRESENTATION IN THE STATEMENT OF ACTIVITIES

p. 95, first paragraph after the second table. Add this sentence to the end of the paragraph:

The FASB agenda includes a standard setting project to re-examine existing standards for financial statement presentation by not-for-profit entities with a focus on the net asset classification and financial statement presentation model.

(b) Temporarily Restricted Contributions

p. 96, first paragraph. Before the first full sentence, add “In some cases, contributions may be restricted to both purpose ...

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