Wiley Not-for-Profit GAAP 2014 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 11

Part 2 Basic Financial Statements 21

Chapter 3 Statement of Financial Position 23

Chapter 4 Statement of Activities 33

Chapter 5 Statement of Cash Flows 45

Chapter 6 Other Financial Statement Issues 59

Part 3 Specific Not-for-Profit Accounting Topics 79

Chapter 7 Fund Accounting 81

Chapter 8 Net Assets 95

Chapter 9 Contributions, Pledges, and Noncash Contributions 105

Chapter 10 Investments 151

Chapter 11 Affiliated Organizations 175

Chapter 12 Split-Interest Agreements 199

Chapter 13 Fundraising and Joint Costs 211

Chapter 14 Functional Reporting 227

Chapter 15 Collections 233

Part 4 Other Accounting-Related Not-for-Profit Topics 237

Chapter 16 Accounting for Specific Types of Not-for-Profits 239

Chapter 17 Importance of Budgets to a Not-for-Profit 257

Chapter 18 Principal Federal and State Tax Reporting and Regulatory Requirements 277

Part 5 General Accounting Topics Applied to Not-for-Profit Organizations 335

Chapter 19 Current Assets and Current Liabilities 337

Chapter 20 Inventory 347

Chapter 21 Long-Lived Assets, Depreciation, and Impairment 357

Chapter 22 Intangible Assets 371

Chapter 23 Contingencies 379

Chapter 24 Mergers and Acquisitions 397

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 521

Chapter 30 Capitalization of Interest Costs 535

Appendix: Disclosure Checklist 541

Index 571