Customer Reviews

Wiley Not-for-Profit GAAP 2006: Interpretation and Application of Generally Accepted Accounting Principles for Not-for-Profit Organizations (Wiley ... of GenerallyAccepted Accounting Principles)

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Yes, it is 2008. But don't take the 2007 in the book's title too literally. The guidelines in the book are extremely unlikely to change in this year. The book is aimed as readers in US charities and other non-profit organisations. Describing in straightforward fashion how to do your books under GAAP. There is a presumption that you, the reader, are already a bookkeeper or accountant and are already familiar with the basics of bookkeeping.

The book goes into aspects of GAAP that are likely pertinent to many non-profits. Like how to deal with an endowment. Or if a person comes to you and wants to establish a trust that would give distributions to that person while she is alive. And then, after her death, the trust's assets revert to your organisation. These and many other common situations for many established non-profits are well described.

So far I have found this to be an excellent source of information on non-profit GAAP. The book is easy to read and is very thorough.

I bought the 2001 edition of this book, and found it to be well-organised, and with a clear presentation. It is obviously intended for accountants and practitioners. Topic are explained with a significant amount of detail, so the size of the book is rather large. If you would like something more handy, look for the pocket book edition.

I came back to this page, since my edition is now eight yers old. Well, this one doesn't seem to be much different - which just goes to prove that accounting doesn't change at the same pace as Information Technology. It has the same chapter headings, and the text also appears to be broadly the same.

The printing and the type face is fine for people over 40. My edition is on genuine acid-free paper, and hasn't yellowed so far.

A good investmen if you are involved in NPO accounting or auditing.