How To Read Nonprofit Financial Statements

Author : Andrew S. Lang
Publisher : John Wiley & Sons
ISBN 13 : 111897669X
Total Pages : 272 pages
Book Rating : 4.92/5 ( download)

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Download or read book How to Read Nonprofit Financial Statements written by Andrew S. Lang and published by John Wiley & Sons. This book was released on 2017-03-13 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: EXPERT GUIDANCE ON HOW TO READ, INTERPRET, AND USE NONPROFIT FINANCIAL STATEMENTS—UPDATED TO INCLUDE THE NEW FASB STANDARD FOR NONPROFIT FINANCIAL REPORTING Whether you’re a nonprofit executive unfamiliar with the language of financial statements or a seasoned pro, this book is the only guide you’ll need to correctly interpret those critical documents, refresh your skills and familiarize yourself with the new FASB nonprofit reporting standards. The intent behind the recent FASB accounting standards update was to improve the clarity and usefulness of nonprofit financial statements. But making sense of those statements can still be tough for the uninitiated. Accountants and non-accountants who use and prepare nonprofit financial statements need guidance on how to interpret and implement these new FASB standards. Written for both audiences, this book: Clearly defines accounting terminology and concepts, while offering numerous examples of financial statements reflecting both the old and new FASB standards Steers you, line-by-line, through financial reports, providing in-depth explanations of the differences between the old and new standards Provides numerous illustrations to help you quickly feel at home with the format of nonprofit financial statements Offers exercises to help you gain insight into the core concepts of nonprofit financial statements and reinforce your command of those concepts In addition to the new FASB standards, this expanded edition includes: A new chapter on reserves, a long-standing challenge for nonprofits A new section on general financial analysis, outlining what financial statement readers should look for to stay informed and satisfy their responsibility regardless of their role A new chapter on benchmarking to help nonprofits measure performance against industry peers How to Read Nonprofit Financial Statements, Third Edition is an invaluable resource for anyone who reads, interprets, or prepares these all-important documents.

Author : Andrew S. Lang
Publisher : John Wiley & Sons
ISBN 13 : 1118976711
Total Pages : 272 pages
Book Rating : 4.15/5 ( download)

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Download or read book How to Read Nonprofit Financial Statements written by Andrew S. Lang and published by John Wiley & Sons. This book was released on 2017-03-15 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: EXPERT GUIDANCE ON HOW TO READ, INTERPRET, AND USE NONPROFIT FINANCIAL STATEMENTS—UPDATED FOR THE NEW FASB STANDARD RELATED TO NONPROFIT FINANCIAL REPORTING (ASU 2016-14) If you're an executive or volunteer leader at a nonprofit who is unfamiliar with the formats and language of financial statements, this book fills you in on how to read and correctly interpret those critical documents. If you're a seasoned pro who wants to brush up on your skills while familiarizing yourself with the latest FASB nonprofit reporting standards, this is the only guide you need. The intent behind creating the ASU 2016-14 was to improve the clarity and usefulness of nonprofit financial statements, but making sense of those statements can still be tough going for the uninitiated. Accountants and non-accountants alike who use and prepare nonprofit financial statements need guidance on how to interpret and implement the new FASB standard. Written for both audiences, this book: Clearly defines accounting terminology and concepts, while offering numerous examples of financial statements reflecting both the old and new FASB standards Steers you, line-by-line, through financial reports, providing explanations of differences between the old and new standards Provides numerous illustrations that help you quickly feel at home with the format of nonprofit financial statements Offers exercises that help you gain insight into the concepts surrounding nonprofit financial statements and reinforce your command of those concepts How to Read Nonprofit Financial Statements, Third Edition is an invaluable resource for everyone who reads, interprets, or prepares those all-important documents.

Author : Andrew S. Lang
Publisher : Amer Society of Assn Executives
ISBN 13 : 9780880341684
Total Pages : 52 pages
Book Rating : 4.88/5 ( download)

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Download or read book How to Read Nonprofit Financial Statements written by Andrew S. Lang and published by Amer Society of Assn Executives. This book was released on 2000 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Steven H. Berger
Publisher : Boardsource
ISBN 13 : 9781586861049
Total Pages : 92 pages
Book Rating : 4.42/5 ( download)

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Download or read book Understanding Nonprofit Financial Statements written by Steven H. Berger and published by Boardsource. This book was released on 2008 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book concentrates on one major and widely recognized method of measuring value: financial statements and their implications for outcomes. It is organized to maximize a nonprofit board member's understanding of the most important financial elements within his or her organization. At the outset, the book reviews the function of the board in its goal-setting role, which includes financial outcomes. This sets the stage for examining the differences between simple accounting and the board's function in analyzing accounting numbers to portray financial outcomes. Understanding the major elements of the financial statements is the heart of the book, and attention is given to the key ways in which those elements represent the real financial outcomes of the operations performed by the organization's senior management and staff over the relevant time period. The remainder of the book highlights similarities and differences of interim versus audited financial statements, some very specific ways to use available financial information to fulfill the board's fiduciary responsibilities, and, finally, how to utilize financial information to measure organizational performance. Included is a CD-ROM that contains sample financial documents and a Microsoft 'PowerPointʼ presentation on financial practices that can be used at board meetings to improve financial skills."--P. ix.

Author : Charles K. Coe
Publisher : John Wiley & Sons
ISBN 13 : 1118088611
Total Pages : 258 pages
Book Rating : 4.16/5 ( download)

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Download or read book Nonprofit Financial Management written by Charles K. Coe and published by John Wiley & Sons. This book was released on 2011-05-12 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely, practical, and concise handbook of best practices for nonprofit financial management In 2010 an estimated 325,000 charities, membership groups, and trade associations?with small nonprofits disproportionately represented?stand to lose their tax exemptions for failure to comply with financial management requirements. Nonprofit Financial Management: A Practical Guide is a timely, functional, and concise handbook of best practices for nonprofit organizations of every size. Addresses federal reporting requirements and discusses methods to decrease expenses, ensure accounting control, increase revenues through professional cash management, and understand budget statements Explains how to read financial statements and analyze a nonprofit's financial condition by using the most recent IRS 990 reporting form Covers the full range of financial-management topics, including accounting, internal controls, auditing, evaluating financial condition, budgeting, cash management and banking, purchasing and contracting, borrowing and risk management Written in an easy-to-read style, with more than 100 exhibits, this book is essential for every nonprofit financial manager.

Author : Thomas R. Ittelson
Publisher : Mercury Group
ISBN 13 : 9781970050035
Total Pages : 290 pages
Book Rating : 4.39/5 ( download)

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Download or read book Nonprofit Accounting & Financial Statements written by Thomas R. Ittelson and published by Mercury Group. This book was released on 2020-09 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most popular book on the nonprofit financial governance directed at non-financial board members, management, and staff.

Author : Thomas R. Ittelson
Publisher :
ISBN 13 : 9780997108941
Total Pages : 58 pages
Book Rating : 4.40/5 ( download)

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Download or read book A Picture Book of Nonprofit Financial Statements written by Thomas R. Ittelson and published by . This book was released on 2017-04-16 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : John Paul Dalsimer
Publisher :
ISBN 13 : 9780925299109
Total Pages : 24 pages
Book Rating : 4.03/5 ( download)

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Download or read book Understanding Nonprofit Financial Statements written by John Paul Dalsimer and published by . This book was released on 1991 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Illustrates basic financial concepts that all individual board members should understand. Jargon-free explanations are ideal for the board member new to financial responsibilities or to nonprofit accounting. Descriptions and sample statements offer clear guidelines for board members, individuals serving as treasure or on a financial committee, and staff working with the board.

Author : Warren Ruppel
Publisher : John Wiley & Sons
ISBN 13 : 1118040821
Total Pages : 256 pages
Book Rating : 4.29/5 ( download)

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Download or read book Not-for-Profit Accounting Made Easy written by Warren Ruppel and published by John Wiley & Sons. This book was released on 2010-12-07 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: A hands-on guide to the ins and outs of nonprofit accounting Not-for-Profit Accounting Made Easy, Second Edition equips you with the tools you need to run the financial and accounting operations within your nonprofit organization. Even if you do not have a professional understanding of accounting principles and financial reporting, this handy guide makes it all clear with complex accounting rules explained in terms nonaccountants can easily understand in order to help you better fulfill your managerial and fiduciary duties. Always practical and never overtechnical, this helpful guide conforms to FASB and AICPA standards and: * Discusses federal single audit and its impact on nonprofits * Offers examples of various types of split-interest agreements * Shows you how to read and understand a nonprofit financial statement * Explains financial accounting and reporting standards * Helps you become conversant in the rules and principles of accounting * Updates board members, executive directors, and other senior managers on the accounting basics they should know for day-to-day operations * Features tables, exhibits, and charts that illustrate the content in a simple and easy-to-understand manner Suitable for fundraising managers and executives--as well as anyone who needs to read and understand a nonprofit financial statement--this is the ultimate not-an-accountant's guide to nonprofit accounting.

Author : Laurence Scot
Publisher : John Wiley & Sons
ISBN 13 : 047062647X
Total Pages : 294 pages
Book Rating : 4.74/5 ( download)

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Download or read book The Simplified Guide to Not-for-Profit Accounting, Formation, and Reporting written by Laurence Scot and published by John Wiley & Sons. This book was released on 2010-04-30 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: A complete and easy to understand guide to the fundamentals of how not-for-profit organizations are formed and run, as well as their structure and the unique accounting and reporting issues they face. Providing you with a comprehensive understanding of how to maintain the "books" of a typical nonprofit entity and comply with numerous reporting requirements, The Simplified Guide to Not-for-Profit Accounting, Formation & Reporting equips you with everything you need to know to form a Not-For-Profit, setup an accounting system, record financial transactions and report to donors and regulatory bodies. Topics include: Step-by-step guide to forming a Not-For-Profit and applying for tax exemption Becoming familiar with unique Not-For-Profit accounting rules such as classifying contributions/grants and recording restrictions, allocation of expenses to programs and supporting services and investment classification and reporting Budget development, payroll processing and accounting for personnel costs Shows how to prepare and understand required Not-For-Profit financial statement and their components Provides you with a broad understanding of the numerous filing requirement required by donors, grantors and government regulatory agencies Practical and comprehensive in scope, The Simplified Guide to Not-for-Profit Accounting, Formation & Reporting offers a wealth of practical information to accountants and non-accountants alike for understanding Not-For-Profit financial transactions, financial statements and the many internal and external reports they must prepare.