The Simplified Guide to Not-for-Profit Accounting, Formation & Reporting

Author: Laurence Scot
Publisher: John Wiley & Sons
ISBN: 9780470575444
Published In: May 2010
Format: Paperback , 288 pages
Jurisdiction: International or US ? Disclaimer:
Countri(es) stated herein are used as reference only

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Contents
Author

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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

Preface.

CHAPTER 1 INTRODUCTION.

CHAPTER 2 NFP ORGANIZATION FORMATION.

CHAPTER3 NFP ORGANIZATIONAL STRUCTURE.

CHAPTER 4 INTRODUCTION TO NFP ACCOUNTING AND REPORTING.

CHAPTER 5 NFP ACCOUNTING SYSTEM AND FINANCIAL STATEMENTS.

CHAPTER 6 ASSETS — CONCEPTS AND DATA FLOW.

CHAPTER 7 LIABILITIES AND NET ASSETS —CONCEPTS AND DATA FLOW.

CHAPTER 8 ACCOUNTING FOR SUPPORT AND REVENUE.

CHAPTER 9 ACCOUNTING FOR PERSONNEL COSTS AND OTHER EXPENSES.

CHAPTER 10 INVESTMENTS, POOLING AND SPLIT-INTEREST AGREEMENTS.

CHAPTER 11 SUBSIDIARIES AND INTERRELATED ENTITIES.

CHAPTER 12 BUDGET DEVELOPMENT AND APPLICATIONS.

CHAPTER 13 SPECIAL TYPES OF NFP ORGANIZATIONS.

CHAPTER 14 REGULATORY REPORTING (990, 990-T AND 990-PF).

CHAPTER 15 CONTRIBUTION/GRANT APPLICATIONS AND REPORTING.

CHAPTER 16 AUDITS – PREPARATION AND RESPONSE.

CHAPTER 17 CONCLUSION.

APPENDIX A TAX-EXEMPT ORGANIZATION REFERENCE CHART.

APPENDIX B SAMPLE NFP CHART OF ACCOUNTS.

APPENDIX C ABBREVIATIONS

Glossary.

About the Author.

Index.

Laurence Scot is the cofounder and comanaging partner of Skody Scot & Company, a midtown CPA firm formed in 1990 that specializes in servicing the Not-for-Profit community. Scot has taught undergraduate and graduate classes at several colleges; been lecturing and giving seminars to CPAs, bankers, NFP D&Os (directors and officers), managers, and entrepreneurs for over twenty years on a variety of subjects; and is the creator of the first in-class certificate program in Not-for-Profit accounting and governmental reporting.