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 10

Cash-Basis Financial Statements

10.1 Simple Cash-Basis Statement

(a) Characteristics

(b) Budget Comparison

10.2 Simple Statement with Last Year's Figures and Budget

10.3 Combined Cash-Basis Income Statement and Balance Sheet

*(a) Characteristics

10.4 Separate Statement of Receipts and Disbursements and Statement of Net Assets

*(a) Cash Basis Emphasized

10.5 Statement of Income with Certain Cash Transactions Omitted

(a) Characteristics

10.6 Modified Cash-Basis Statements

10.1 Simple Cash-Basis Statement

(a) Characteristics

p. 146, first complete paragraph. Delete “This being so,” and capitalize the “T” in “this.” Insert the word “church's” in front of the words “cash transactions.”

(b) Budget Comparison

p. 147, first sentence. Delete the words “to be remembered.”

p. 147, fourth sentence. Insert a “,” after “In Exhibit 10.1.”

10.2 Simple Statement with Last Year's Figures and Budget

p. 147, first sentence. Change the word “with” to “to.”

p. 147, fourth sentence. Delete “quickly look down” and capitalize the “T” in “the.”

p. 147, fourth sentence. Delete the period at the end of the sentence.

p. 147, fifth sentence. Delete “see how” and combine the fourth and fifth sentences; then insert the word “shows” after the word “rapidly” and delete the words “can be spotted.”

10.3 Combined Cash-Basis Income Statement and Balance Sheet

p. 148, first paragraph, first sentence. Replace “Chapter 2” with “Chapter 3.”

p. 148, second paragraph, first sentence. Replace “for” with “with.” ...

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