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
(a) Fixed Assets (Land, Buildings, and Equipment) and Supplies
(ii) Basis on Which to Value Services
*(f) Services Provided by Other Organizations
8.3 Support Not Currently Expendable
(b) Pledges (Promises to Give)
(iv) Allowance for Uncollectible Pledges
(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 ...
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