Title Details

§ 1.8 Conclusion.

PART ONE KEY FINANCIAL CONCEPTS.

Chapter Five: Fixed Assets and Depreciation.

§ 5.1 General Principles—Working Definitions.

§ 5.7 Impairment or Disposal of Long-Lived Assets.

Chapter Six: Investment Income, Gains and Losses, and Endowment Funds.

* § 6.1 Accounting Principles.

Chapter Seven: Affiliated Organizations, Pass-Through Transactions, and Mergers.

* § 7.3 Mergers of Not-for-Profit Organizations.

Chapter Eight: Contributions, Pledges, and Noncash Contributions.

* § 8.2 Gifts-in-Kind.

* § 8.3 Support Not Currently Expendable.

Chapter Nine: Accounting Issues Relating to Fundraising.

§ 9.1 Accounting for Gifts.

PART TWO FINANCIAL STATEMENT PRESENTATION.

Chapter Eleven: Accrual-Basis Financial Statements.

§ 11.1 Simple Accrual-Basis Statements.

§ 11.2 Accrual-Basis Statements—Fundraising Organization.

§ 11.3 Accrual-Basis Statements—International Organization.

Chapter Twelve: Multiclass Financial Statements.

§ 12.2 Preparation of Statement of Cash Flows.

§ 12.3 ‘‘Class’’ Financial Statements Explained.

Appendix 12-A: Financial Statements of Not-for-Profit Organizations—Review Points.

PART THREE ACCOUNTING AND REPORTING GUIDELINES.

Chapter Thirteen: Voluntary Health and Welfare Organizations.

§ 13.2 Accounting for Contributions.

§ 13.5 Accounting for Assets.

§ 13.6 Net Assets.

§ 13.7 Financial Statements.

Chapter Fourteen: Colleges and Universities.

§ 14.1 Authoritative Pronouncements.

§ 14.2 The Principal Financial Statements.

* § 14.3 Accounting Principles.

§ 14.4 New Accounting Rules (New).

Chapter Fifteen: The External Financial Statement Reporting Model for Public Colleges and Universities and Other Not-for-Profit Organizations Reporting under the GASB.

§ 15.6 Basic Financial Statements.

* § 15.7 Footnote Disclosures.

§ 15.8 Management’s Discussion and Analysis.

§ 15.8A Required Supplemental Information Other than MD&A (New).

§ 15.8B Statistical Section (New).

Chapter Sixteen: Health Care Providers.

§ 16.3 Financial Statements.

§ 16.4 Accounting Principles.

Chapter Seventeen: Accounting Standards for Other Not-for-Profit Organizations.

§ 17.1 Accounting Principles.

Chapter Eighteen: Special Accounting Issues for Specific Organizations.

§ 18.7 Private Foundations.

Chapter Nineteen: The Financial Accounting Standards Board and Future Trends in Not-for-Profit Accounting.

§ 19.2 Trends in Not-for-Profit Accounting.

* § 19.3 New FASB Statements of Financial Accounting Standards that Affect Not-for-Profit Organizations.

§ 19.4 Other FASB Pronouncements and Projects.

PART FOUR CONTROLLING THE NOT-FOR-PROFIT ORGANIZATION.

Chapter Twenty-Four: Effective Internal Accounting Control for Not-for-Profit Organizations.

§ 24.1 Introduction to Internal Accounting Control.

§ 24.3 Basic Internal Accounting Control System.

§ 24.4 Specific Nonprofit Internal Accounting Controls.

Chapter Twenty-Five: Independent Audits.

* § 25.2 Benefits of an Independent Audit.

§ 25.5 Audit Committees.

Chapter Twenty-Six: Investments.

§ 26.1 Valuing Investments.

§ 26.5 Professional Investment Advice.

* § 26.7 Conclusion.

PART FIVE PRINCIPAL FEDERAL TAX AND COMPLIANCE REQUIREMENTS.

Chapter Twenty-Seven: E-Business for Not-for-Profit Organizations: How Can Not-for-Profits Manage the Risks to Maximize E-Business Opportunities?

§ 27.5 Where AreWe Today?

§ 27.8 How Are Academic Institutions Using E-Business?

Appendix 27-A: What E-Business Models Exist?

Chapter Twenty-Eight: Principal Tax Requirements.

§ 28.2 Charitable Organizations.

* § 28.3 Tax Status of Charitable Organizations: Public Charity or Private Foundation.

§ 28.4 Other Concerns for Charities.

§ 28.5 Private Foundations.

* § 28.8 Registration and Reporting.

* § 28.9 Federal Information and Tax Return Filing Requirements.

§ 28.10 State Information and Tax Reporting Issues.

§ 28.11 Donor-Advised Funds (New).

§ 28.12 New Restrictions on Supporting Organizations (New).

Chapter Twenty-Nine: Audits of Federally Funded Programs.

* § 29.1 Basic Requirements.

§ 29.3 Responsibilities of the Receiving Organization.

* § 29.4 What to Expect from the Audit.

Appendix A: Accounting and Disclosure Guide for Not-for-Profit Organizations.

*Appendix D: Summary of Emerging Accounting, Tax, and Regulatory Issues for Not-for-Profit Organizations in 2008 (New).

Appendix E: Auditing Alternative Investments: A Practical Guide for Investor Entities, Investee Fund Managers, and Auditors (New).

Appendix F: Behind the Numbers: Understanding the Higher Education and Not-for-Profit Balance Sheet (New).

*Appendix G: Fair Value Option Considerations (New).

Index.