September 2019
Intermediate to advanced
576 pages
20h 45m
English
Content preview from Wiley Not-for-Profit GAAP 2019
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
22INTANGIBLE ASSETS
PERSPECTIVE AND ISSUES
Intangible assets are those assets that provide an organization with future economic benefits but have no physical substance. Examples of intangible assets include patents, copyrights, and goodwill. FASB ASC 350 provides guidance for the way organizations account for goodwill and other intangible assets.
Under the accounting standards promulgated in FASB ASC 954-805, in certain circumstances not-for-profit organizations may record goodwill in conjunction with an acquisition. Accordingly, the accounting rules related to goodwill have been included in this chapter for use when goodwill is recorded related to an acquisition by a not-for-profit organization. The requirements for mergers and acquisitions relating to not-for-profit organizations are more fully described in Chapter 24.
CONCEPTS, RULES, AND EXAMPLES
The following discussion relates only to those intangible assets acquired by a not-for-profit organization in a transaction or transactions that are not business combinations. (Goodwill and intangible assets acquired in a merger or acquisition are discussed later ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.