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description: Updated as of March 1 2013 this is the first comprehensive revision of the guide since 1996. This guide provides assistance in the unique preparation auditing accounting and reporting of financial statements for not-for-profit entities.This new edition covers: the unique accounting and auditing issues for not-for-profit entities reporting relationships with other entities reporting and measuring noncash gifts expiration of donor-imposed restrictions program-related investments and microfinance loans principles for reporting net assets and related disclosures accounting for contributions and receivables accounting for reporting investments auditing net asset classification and revenue and expense recognitionRelevant AICPA literature has been incorporated and the authoritative auditing content of the guide has been fully conformed to changes resulting from the ASB Clarity Project. The basis for the accounting content is the authoritative guidance from the FASB Accounting Standards Codification which has been supplemented with plain-English explanations examples and guidance and recommendations from FinREC conclusions.Don't be without the most trusted and up-to-date not-for-profit audit and accounting information available.
language: English
title: Not-for-Profit Entities Audit and Accounting Guide
publisher: AICPA