Wiley Not-for-Profit GAAP 2013 Interpretation and Application of Generally Accepted Accounting Principles

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 9

Part 2 Basic Financial Statements 19

Chapter 3 Statement of Financial Position 21

Chapter 4 Statement of Activities 29

Chapter 5 Statement of Cash Flows 41

Chapter 6 Other Financial Statement Issues 55

Part 3 Specific Not-for-Profit Accounting Topics 75

Chapter 7 Fund Accounting 77

Chapter 8 Net Assets 91

Chapter 9 Contributions, Pledges, and Noncash Contributions 101

Chapter 10 Investments 147

Chapter 11 Affiliated Organizations 171

Chapter 12 Split-Interest Agreements 195

Chapter 13 Fund-Raising and Joint Costs 207

Chapter 14 Functional Reporting 223

Chapter 15 Collections 229

Part 4 Other Accounting-Related Not-for-Profit Topics 233

Chapter 16 Accounting for Specific Types of Not-for-Profits 235

Chapter 17 Importance of Budgets to a Not-for-Profit 253

Chapter 18 Principal Federal and State Tax Reporting and Regulatory Requirements 273

Part 5 General Accounting Topics Applied to Not-for-Profit Organizations 331

Chapter 19 Current Assets and Current Liabilities 333

Chapter 20 Inventory 343

Chapter 21 Long-Lived Assets, Depreciation, and Impairment 353

Chapter 22 Intangible Assets 367Chapter 23 Contingencies 377

Chapter 24 Mergers and Acquisitions 393

Chapter 25 Accounting for Pensions and Postretirement Benefits 413

Chapter 26 Long-Term Liabilities 455

Chapter 27 Accounting Changes 475

Chapter 28 Accounting for Leases 483

Chapter 29 Financial Instruments 523

Chapter 30 Capitalization of Interest Costs 537

Appendix: Disclosure Checklist 543

Index 575