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

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CHAPTER 12

Multiclass Financial Statement

12.2 Preparation of Statement of Cash Flows

(a) Explanation of Cash Flow Statement Worksheets

(b) Explanation of “Reconciliation” Worksheet

12.3 “Class” Financial Statements Explained

*(d) Statement of Activities

12.4 Columnar Format Presentation

(b) Reclassification and Net Assets Section

12.5 A Complicated Set of Class Financial Statements

(a) Overall Impression of Complexity

*(g) Balance Sheet

(i) Restricted Income from Endowments

12.2 Preparation of Statement of Cash Flows

(a) Explanation of Cash Flow Statement Worksheets

p. 172. Add this sentence before bullet point A: “The process for preparing a statement of cash flows—indirect method includes:” In the next edition, these bullet points will all be kept together and appear after Exhibit 12.6.

(b) Explanation of “Reconciliation” Worksheet

p. 178, numbered list. Insert this sentence before the numbered list: “The process for preparing a statement of cash flows—direct method includes:”

12.3 “Class” Financial Statements Explained

(d) Statement of Activities

p. 188, second paragraph, second sentence. Replace “there seems” with “there is” and “purpose” with “benefit.”

*p. 190, Exhibit 12.11. Fix numbers so that they are aligned correctly within the table (align commas).

12.4 Columnar Format Presentation

(b) Reclassification and Net Assets Section

p. 192, first paragraph. Delete the fourth sentence and “Yet” from the fifth sentence and capitalize the “T” in “the.”

12.5 A Complicated Set ...

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