About this product

Product Identifiers

PublisherTaylor & Francis Group

ISBN-101032818662

ISBN-139781032818665

eBay Product ID (ePID)16071436747

Product Key Features

Number of Pages274 Pages

Publication NameAbcs of Not-For-Profit Accounting and Financial/990 Reporting

LanguageEnglish

SubjectAccounting / Financial, Nonprofit Organizations & Charities / Fundraising & Grants, Nonprofit Organizations & Charities / Finance & Accounting, Commerce

Publication Year2024

TypeTextbook

AuthorLaurence Scot

Subject AreaBusiness & Economics

FormatTrade Paperback

Dimensions

Item Length10 in

Item Width7 in

Additional Product Features

Intended AudienceCollege Audience

LCCN2024-036689

Dewey Edition23

TitleLeadingThe

IllustratedYes

Dewey Decimal657.98

Table Of ContentCHAPTER 1: INTRODUCTION. CHAPTER 2: NOT-FOR-PROFIT (NFP) FORMATION, OBTAINING INCOME TAX EXEMPTION & REGISTRATIONS. CHAPTER 3: NFP OVERSIGHT & MANAGEMENT. CHAPTER 4: NFP INTERNAL CONTROLS & ACCOUNTING SYSTEM. CHAPTER 5: NFP GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (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 & OTHER EXPENSES. CHAPTER 11: NFP FINANCIAL STATEMENTS. CHAPTER 12: INVESTMENTS, POOLING, AND SPLIT-INTEREST AGREEMENTS. CHAPTER 13: SUBSIDIARIES & INTERRELATED 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 & PROCEDURES. CHAPTER 19: CONCLUSION. APPENDIX A: TAX-EXEMPT ORGANIZATION REFERENCE CHART. APPENDIX B: SAMPLE NFP CHART OF ACCOUNTS. APPENDIX C: ABBREVIATIONS

SynopsisWritten in non-complicated prose and reducing complex rules to easily understandable concepts, this book offers a fundamental understanding of how not-for-profit organizations are formed, their structure, and the unique accounting and reporting issues they face. 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., Written in non-complicated prose and reducing complex rules to easily understandable concepts, this book offers a fundamental understanding of how not-for-profit (NFP) organizations are formed, their structure, and the unique accounting and reporting issues they face. In the United States, the NFP sector accounts for just over 10 percent 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 nor 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 an 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., Written in non-complicated prose and reducing complex rules to easily understandable concepts, this book offers a fundamental understanding of how not-for-profit (NFP) organizations are formed, their structure, and the unique accounting and reporting issues they face. In the United States, the NFP sector accounts for just over 10 percent 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 nor 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 an 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., Written in non-complicated prose and reducing complex rules to easily understandable concepts, this book offers a fundamental understanding of how not-for-profit organizations are formed, their structure, and the unique accounting and reporting issues they face.

LC Classification NumberHF5686.N56S355 2025