Table of Contents
Preface vii
About the Authors ix
Not-for-profit Accounting Literature xi
Part 1 Overview of Not-for-profit Organizations 1
Chapter 1 Overview of Not-for-Profit Organizations 3
Chapter 2 Cash versus Accrual-Basis Accounting 11
Part 2 Basic Financial Statements 21
Chapter 3 Statement of Financial Position 23
Chapter 4 Statement of Activities 31
Chapter 5 Statement of Cash Flows 41
Chapter 6 Other Financial Statement Issues 57
Part 3 Specific Not-for-Profit Accounting Topics 75
Chapter 7 Fund Accounting 77
Chapter 8 Net Assets 89
Chapter 9 Contributions, Pledges, Noncash Contributions, and Exchange Transactions 99
Chapter 10 Investments 145
Chapter 11 Affiliated Organizations 165
Chapter 12 Split-Interest Agreements 187
Chapter 13 Fundraising and Joint Costs 197
Chapter 14 Functional Reporting 211
Chapter 15 Collections 217
Part 4 Other Accounting-Related Not-for-Profit Topics 221
Chapter 16 Accounting for Specific Types of Not-for-Profits 223
Chapter 17 Importance of Budgets to a Not-for-Profit 237
Chapter 18 Principal Federal and State Tax Reporting and Regulatory Requirements 255
Part 5 General Accounting Topics Applied to Not-for-Profit Organizations 317
Chapter 19 Current Assets and Current Liabilities 319
Chapter 20 Inventory 327
Chapter 21 Long-Lived Assets, Depreciation, and Impairment 335
Chapter 22 Intangible Assets 347
Chapter 23 Contingencies 355
Chapter 24 Mergers and Acquisitions 371
Chapter 25 Accounting for Pensions and Postretirement Benefits 387
Chapter 26 Long-Term Liabilities 423
Chapter 27 Accounting Changes 441
Chapter 28 Accounting for Leases 447
Chapter 29 Financial Instruments 483
Chapter 30 Capitalization of Interest Costs 495
Appendix: Disclosure Checklist 501
Index 531