Wiley Not-for-Profit GAAP 2015: Interpretation and Application of Generally Accepted Accounting Principles (Wiley Regulatory Reporting) - Softcover

Larkin, Richard F.; DiTommaso, Marie; Ruppel, Warren

Softcover

ISBN 10: 1118945247 ISBN 13: 9781118945247

Publisher: Wiley, 2015

Synopsis

Detailed, practical coverage of GAAP, tailored to not-for-profit organizations

Wiley Not-for-Profit GAAP 2015 is a thorough examination of the authoritative standards for measurement, presentation, and disclosure as applied to not-for-profit organizations. Clear and concise, this user-friendly guide explains the fundamentals of GAAP in an easily-accessible format that includes flowcharts and diagrams to help facilitate the reader's understanding of the material presented, including a financial statement disclosure checklist to confirm GAAP adherence. Designed specifically for accountants in public practice and industry, this guide covers all relevant FASB and AICPA guidelines, to provide a complete reference tool for auditors who need a comprehensive understanding of GAAP for not-for-profit organizations.

Due to these organizations' unique characteristics, not-for-profit accountants must adhere to specific Generally Accepted Accounting Principles. These requirements are complex and ever evolving, but Wiley Not-for-Profit GAAP 2015 brings them together in a single volume that contains the most up-to-the-minute information available.

• Refine basic financial statements, including Financial Position, Activities, and Cash Flow
• Tackle not-for-profit-specific issues like fundraising, noncash contributions, affiliations, and pledges
• Tailor accounting methods to the specific type of organization, with budgeting, tax reporting, and regulatory advice
• Discover how general accounting topics like assets, mergers, and liabilities are applied to not-for-profit organizations

Preparers and auditors of not-for-profit accounts must stay up-to-date on the latest GAAP practices to best serve the organization, while complying with all disclosure, reporting, and regulatory requirements. Wiley Not-for-Profit GAAP 2015 provides extensive coverage and practical advice on the latest GAAP, tailored to the not-for-profit organization's unique needs.

About this title

About the Author

Richard F. Larkin, CPA (Bethesda, MD) is technical director of not-for-profit accounting and auditing for Long Group, Chartered, in Bethesda, Maryland. He is a certified public accountant with over 35 years of experience serving not-for-profit organizations. He teaches, speaks, and writes extensively on not-for-profit industry matters.

Marie DiTommaso, CPA, (Woodcliff Lake, NJ) is a partner in her own CPA practice, DiTommaso & Ruppel, CPAs. She has over 20 years of experience in accounting and financial reporting in both the not-for-profit and commercial accounting environments

From the Back Cover

The most practical, authoritative guide to Not-for-Profit GAAP

Wiley Not-for-Profit GAAP 2015 is a comprehensive, easy-to-use guide to the accounting and financial reporting principles used by not-for-profit organizations. It is written with the needs of the financial statement preparer, user, and attestor in mind, and provides a complete review of the authoritative accounting literature that impacts all types of not-for-profit organizations.

At the same time, Wiley Not-for-Profit GAAP 2015 features many examples and illustrations that will assist the reader in applying the principles to real-life situations. Key features include:

• Easy-to-use information that enables the reader to find what they need quickly
• Coverage of accounting principles specifically related to not-for-profit organizations, as well as accounting principles applicable to organizations of all kinds
• Coverage of accounting issues affecting different types of not-for-profit organizations
• A comprehensive disclosure checklist that helps financial statement preparers and attestors ensure that all disclosures required by GAAP have been considered
• Many examples and illustrations that make it easy to put accounting theory into practice

This 2015 edition includes new information covering:

• The definition of a public business entity
• Applicability of the FASB Private Company Accounting Framework to Not-for-Profits
• Service concession arrangements
• Revenue contracts with customers

Wiley Not-for-Profit GAAP 2015 is a thorough and reliable reference which is designed to be kept to hand on your desk, rather than on the shelf.

From the Inside Flap

The most practical, authoritative guide to Not-for-Profit GAAP

Wiley Not-for-Profit GAAP 2015 is a comprehensive, easy-to-use guide to the accounting and financial reporting principles used by not-for-profit organizations. It is written with the needs of the financial statement preparer, user, and attestor in mind, and provides a complete review of the authoritative accounting literature that impacts all types of not-for-profit organizations.

At the same time, Wiley Not-for-Profit GAAP 2015 features many examples and illustrations that will assist the reader in applying the principles to real-life situations. Key features include:

• Easy-to-use information that enables the reader to find what they need quickly
• Coverage of accounting principles specifically related to not-for-profit organizations, as well as accounting principles applicable to organizations of all kinds
• Coverage of accounting issues affecting different types of not-for-profit organizations
• A comprehensive disclosure checklist that helps financial statement preparers and attestors ensure that all disclosures required by GAAP have been considered
• Many examples and illustrations that make it easy to put accounting theory into practice

This 2015 edition includes new information covering:

• The definition of a public business entity
• Applicability of the FASB Private Company Accounting Framework to Not-for-Profits
• Service concession arrangements
• Revenue contracts with customers

Wiley Not-for-Profit GAAP 2015 is a thorough and reliable reference which is designed to be kept to hand on your desk, rather than on the shelf.

Edition details

• Publisher: Wiley
• Publication date: 2015
• Language: English
• ISBN 10: 1118945247
• ISBN 13: 9781118945247
• Binding: Paperback
• Edition number: 1
• Number of pages: 600