The ABCs of Not-For-Profit Accounting and Financial/990 Reporting
Routledge (Verlag)
978-1-032-81866-5 (ISBN)
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In the US, the not-for-profit (NFP) sector accounts for just over 10% of all private sector workers, and NFPs must comply with hundreds of rules imposed by the IRS, federal and state government agencies, foundations, and even donors. Yet there is a dearth of informative guidance, and a shortage of knowledgeable bookkeepers and accountants who understand the nuances of NFP accounting and financial reporting. Neither overly technical or complex, this comprehensive and easy-to-read practical guide provides desperately needed information to a wide range of NFP stakeholders such as those who handle the bookkeeping and accounting functions, manage a NFP organization, provide funds or services to NFPs or regulate NPF organizations. It covers topics such as the four required NFP financial statements, accounting for different types of revenue including conditional, restricted and in-kind donations and sponsorships, IRS reporting on forms 990, 990-T and 990-PF, and how to understand and prepare for different types of audits.
Including a glossary of important terms that are vital to running a successful NFP, and drawn from the author’s decades of experience focused solely on the NFP sector, this is an indispensable guide for NFP leaders and staff, donors and grantors, regulatory agencies, consultants, accountants, bookkeepers, bankers and any professionals whose work intersects the NFP sector.
Laurence Scot is the co-managing partner of Skody Scot & Company, a NYC based CPA firm formed in 1990 that specializes in servicing local, national and international Not-For-Profits. He is certified in NJ & NY, taught undergraduate & graduate courses at several colleges, been lecturing & giving seminars on many subjects for 25+ years, has written peer reviewed articles, and has received several awards for his civic activities.
CHAPTER 1: INTRODUCTION. CHAPTER 2: NOT-FOR-PROFIT (NFP) FORMATION & OBTAINING
INCOME TAX EXEMPTION. CHAPTER 3: NFP OVERSIGHT AND MANAGEMENT. CHAPTER 4: NFP INTERNAL CONTROLS AND ACCOUNTING SYSTEM. CHAPTER 5: GENERALLY ACCEPTED the NFP ACCOUNTING RULES (GAAP). CHAPTER 6: ACCOUNTING FOR ASSETS (INCLUDING RECEIVABLES & OPERATING LEASES). CHAPTER 7: ACCOUNTING FOR LIABILITIES & NET ASSETS. CHAPTER 8: ACCOUNTING FOR SUPPORT AND REVENUE (INCLUDING CONTRIBUTIONS & GOVERNMENT GRANTS). CHAPTER 9: FISCAL SPONSORS, FISCAL AGENTS & DONOR ADVISED FUNDS. CHAPTER 10: ACCOUNTING FOR PERSONNEL AND OTHER EXPENSES. CHAPTER 11: NFP FINANCIAL STATEMENTS. CHAPTER 12: INVESTMENTS, POOLING, AND SPLIT-INTEREST AGREEMENTS. CHAPTER 13: SUBSIDIARIES & INTER-RELATED ENTITIES. CHAPTER 14: BUDGET DEVELOPMENT AND APPLICATIONS. CHAPTER 15: SPECIAL TYPES OF NFP ORGANIZATIONS. CHAPTER 16: REGULATORY REPORTING (990, 990-T, & 990-PF). CHAPTER 17: CONTRIBUTIONS/GRANT APPLICATIONS & REPORTING. CHAPTER 18: AUDITS – TYPES AND PROCEDURES. CHAPTER 19: CONCLUSION. APPENDIX A: TAX-EXEMPT ORGANIZATION REFERENCE CHART. APPENDIX B: SAMPLE NFP CHART OF ACCOUNTS. APPENDIX C: ABBREVIATIONS
| Erscheint lt. Verlag | 30.12.2024 |
|---|---|
| Zusatzinfo | 4 Tables, black and white; 28 Line drawings, black and white; 2 Halftones, black and white; 30 Illustrations, black and white |
| Verlagsort | London |
| Sprache | englisch |
| Maße | 178 x 254 mm |
| Themenwelt | Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung |
| Wirtschaft ► Betriebswirtschaft / Management ► Planung / Organisation | |
| Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen | |
| Wirtschaft ► Volkswirtschaftslehre | |
| ISBN-10 | 1-032-81866-2 / 1032818662 |
| ISBN-13 | 978-1-032-81866-5 / 9781032818665 |
| Zustand | Neuware |
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