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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 17

Accounting Standards for Other Not-for-Profit Organizations

17.1 Accounting Principles

(a) Accrual Basis of Reporting

(g) Donated Facilities

(h) Membership and Subscription Income

(i) Life Membership and Initiation Fees

(j) Grants to Others

(k) Membership Development Costs

17.2 Financial Statements

(a) Statement of Cash Flows

17.3 Combined Financial Statements

p. 313. Update the chapter featuring list to the following:

(a) Accrual Basis of Reporting

(b) Fund Accounting

(c) Gifts, Grants, and Bequests

(d) Pledges (Unconditional Promises to Give)

(e) Donated Materials

(f) Donated Facilities

(g) Membership and Subscription Income

(h) Life Membership and Initiation Fees

(i) Grants to Others

(j) Membership Development Costs

p. 313. Delete note in left margin that says “Au: Missing in text.”

17.1 Accounting Principles

(a) Accrual Basis of Reporting

p. 313, first paragraph, second sentence. Delete hyphen (“-”) after “small.”

p. 314. Replace “(f) Donated Materials” with “(e) Donated Materials.”

p. 314. Delete note in left margin that says “Au: Please provide matter for section (e).”

p. 315. Replace “(g) Donated Facilities” with “(f) Donated Facilities.”

(g) Donated Facilities

p. 315, first paragraph. Replace “not-for-profit organizations” with “NPOs.”

p. 315, second paragraph, first sentence. Replace “not-for-profit organization” with “NPO.”

p. 315, third paragraph, last sentence. Replace “multiyear” with “multi-year.”

(h) Membership and Subscription Income

p. 315. Replace “(h) ...

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