Financial and Accounting Guide for Not-for-Profit Organizations (Wiley Nonprofit Law, Finance and Management Series) [Hardcover]

Malvern J. Gross (Author), Richard F. Larkin (Author), Roger S. Bruttomesso (Author), John J. McNally (Author)

Book Description

ISBN-10: 0471104744 | ISBN-13: 978-0471104742 | Publication Date: January 1995 | Edition: 5

This extremely accessible resource is packed with expert advice on the financial reporting, accounting and control situations unique to nonprofit enterprises. Provides complete guidance for various types of organizations, tax and compliance reporting requirements, illustrated explanations of diverse types of acceptable statements, a how-to section on setting up and keeping books along with step-by-step procedures and forms plus commentary on computers and accounting software. The revised and updated edition covers SFAS No. 116 and 117 as well as a discussion of a new AICPA exposure draft covering consolidated financial statements of affiliated organizations. Supplemented annually.

Editorial Reviews

From the Back Cover

Completely revised and expanded edition of the nonprofit industry's bestselling finance and accounting standard

The accounting environment has changed dramatically over the past ten years, especially in the nonprofit sector. Filled with authoritative advice on the financial reporting, accounting, and control situations unique to not-for-profit organizations, this new updated Eighth Edition of Financial and Accounting Guide for Not-for-Profit Organizations addresses the many changes that have recently affected the finance and accounting practices of the nonprofit sector, with a focus on fair value accounting.

Representing the collaborative efforts of many expert PricewaterhouseCoopers professionals, Financial and Accounting Guide for Not-for-Profit Organizations presents the accounting and reporting guidelines for different types of nonprofits, complete guidance on tax and compliance reporting requirements, illustrated explanations of various acceptable financial statements, a how-to section on setting up and keeping the books with step-by-step procedures and forms, and commentary on computers and accounting software.

Highlighting organizations that have fully integrated "net asset" accounting into their financial reporting, this completely revised and streamlined Eighth Edition has been updated to include:

• The latest updates on regulatory reporting and disclosure changes

• The introduction of fair value accounting, which affects the ways in which investments, contributions receivable, and split interest agreements are viewed and valued

• Completely revamped and revised AICPA accounting and audit guidelines for nonprofit organizations

• Many new topics, including microfinance and expanded disclosure on gifts-in-kind accounting, valuation, and reporting

• A new chapter on the municipal bond market

• FASB Codification and how to find accounting literature

• A new appendix addressing the convergence of IFRS with U.S. GAAP

Long recognized as the industry-standard reference on not-for-profit finance and accounting, Financial and Accounting Guide for Not-for-Profit Organizations is a must-have for nonprofit accountants and financial managers, nonprofit executives and directors, boards of directors/trustees, and CPAs for nonprofit organizations.

As a celebratory bonus, when you purchase this print version, you will also receive a free e-book download of Financial and Accounting Guide for Not-for-Profit Organizations, Eighth Edition. For details, see the inside back cover of this book. --This text refers to an alternate Hardcover edition.

About the Author

Prepared by PriceWaterhouseCoopers Not-for-Profit Industry Services Group. --This text refers to the Paperback edition.

Product Details

• Hardcover: 704 pages
• Publisher: Wiley; 5 edition (January 1995)
• Language: English
• ISBN-10: 0471104744
• ISBN-13: 978-0471104742
• Product Dimensions: 9 x 6 x 1 inches
• Shipping Weight: 1.4 pounds
• Average Customer Review: 3.3 out of 5 stars  See all reviews (7 customer reviews)
• Amazon Best Sellers Rank: #2,894,317 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

29 of 34 people found the following review helpful:

4.0 out of 5 stars midnight accounting help, December 6, 1999

By 

A Reader (Philadelphia, PA, USA) - See all my reviews

This review is from: Financial and Accounting Guide for Not-for-Profit Organizations (Wiley Nonprofit Law, Finance and Management Series) (Hardcover)

Sometimes you may be serving on the board of a nonprofit group and discover that your funder requires GAAP. Well what is that. This book will help you understand the nonprofit world of accounting. This work has been a resource that I have turned to at midnight myself aand have recommended many times. At times it is a little technical. But it helps to use some "accounting" language in the next board or committee meeting that you will be discussing budgets or finalcial presentatons.

Also, I have used this as a guideline when I consulted a small group that needed help with internal controls.

17 of 20 people found the following review helpful:

4.0 out of 5 stars It is helpful to me., May 25, 1999

By A Customer

This review is from: Financial and Accounting Guide for Not-for-Profit Organizations (Wiley Nonprofit Law, Finance and Management Series) (Hardcover)

It was lucky to find this book. I'm a college student. I am preparing to take a AICPA exam. The library of my college doesn't have enough books about Not-for-Profit Organization accounting. This book gives me friendly and detailed explanations. well, a shortness of this book is a tedious text, such as one color text, no graphic figures. I just worried about objective judgements, because I didn't study other Not-fot-Profit books. Anyway, this book makes me come to Not-for-Profit accounting more closely. I'd like to recommend this book.

16 of 19 people found the following review helpful:

4.0 out of 5 stars This book is very valuable for Not-For-Profit Organizations, October 18, 1999

By A Customer

This review is from: Financial and Accounting Guide for Not-for-Profit Organizations (Wiley Nonprofit Law, Finance and Management Series) (Hardcover)

I felt this book was basically well written. It at times is a little too technical, but basically is easy to follow. I do find it an invaluable tool for reference information in the not-for-profit industry.