Wiley Not-for-Profit GAAP 2020

16ACCOUNTING FOR SPECIFIC TYPES OF NOT-FOR-PROFITS

• Perspective and Issues
• Associations and Professional Societies
  • Reporting on a Functional Basis
  • Reporting of Sections or Groups
  • Use of Appropriation Accounting
  • Separate Charitable Organizations
• Churches
  • Cash Basis Accounting
  • Fixed Assets and Depreciation
  • Adequacy of the Bookkeeping Staff
• Clubs
  • Capital Shares and Initiation Fees
    • Capital shares
    • Initiation fees
  • Fixed Asset Accounting
  • Unrelated Business Income
• Libraries
  • Recording a Value for Books
• Museums
  • Valuing the Collection as an Asset
  • Fixed Asset Accounting
  • Contributed Facilities
• Performing Arts Organizations
  • Recognition of Expenses
  • Recognition of Ticket Revenue
  • Recording Costumes and Stage Scenery as Fixed Assets
  • Financial Statement Presentation
• Private Foundations
  • Timing of Recording Liability for Grants Awarded to Others
    • Rationale
  • Community Foundations
• Religious Organizations Other than Churches
  • Combined Financial Statements
  • Allocations from Other Organizations
• Research and Scientific Organizations
  • Timing of Recording Contract Revenue
  • Recording Future Grant Awards
• Private Elementary and Secondary Schools
  • Depreciation Accounting
  • Accounting Manual
• Public Broadcasting Stations
  • Other Accounting Guidance
  • Grants Received/Program Underwriting
  • Donated Services of Volunteers
  • Program Production Costs
  • Fixed Assets
  • Member Dues/Pledges

PERSPECTIVE AND ISSUES

This chapter discusses some of the specialized accounting and reporting problems of ...