The Simplified Guide to Not-for-Profit Accounting, Formation and Reporting
Praise forThe Simplified Guide to Not-for-Profit Accounting, Formation & Reporting"There are numerous publications about the NFP industry, but not many that give a good fundamental understanding of the accounting principles. The material in this book will be of great help to new employees as well as a good commonsense reference for those with experience. It clearly explains some of the more difficult accounting concepts particular to Not-for-Profits." -Richard Tierney, Director of Finance, North Shore Animal League America"This book is a concise, complete review of the fundamentals of Not-for-Profit accounting and governance. Every topic is covered with a directness and honesty that builds confidence in those who need to learn how to do their jobs well. This is just what we need in today's choppy Not-for-Profit waters." -Rev. Luke L. Travers, OSB, Business Officer, Delbarton School/St. Mary's Abbey"Larry Scot's book is a clearly written step-by-step guide on how to set up and maintain accounting records. Every Not-for-Profit financial executive should have this book on their shelf for reference. I highly recommend this book." -Gail Rizick, CPA/ABV/CFF, CVA, Cr.FA, ASAYour A-to-Z guide to Not-For-Profit formation, accounting, and reportingIf you need basic, easy-to-understand information on how Not-for-Profit organizations are formed, how they're structured, and the unique accounting and reporting issues they face,The Simplified Guide to Not-for-Profit Accounting, Formation, and Reportingis the only resource you need.This comprehensive guide provides you with expert advice on how to maintain the financial "books" of a typical Not-for-Profit entity and what is needed to comply with most reporting requirements. Plus, it lays out what a Not-for-Profit organization is, the rules it must follow, the role and responsibilities of its board of directors, and the various regulatory agencies that Not-for-Profits must report to.Straightforward and hands-on, this effective reference will help you navigate through all of the key accounting and reporting issues unique to the Not-for-Profit world, including:Step-by-step instructions for forming a Not-for-ProfitNot-for-Profit internal controls and financial statementsDeveloping a "chart of accounts" and operating budgetsNot-for-Profit accounting rules and GAAPEverything you need to know about the new Form 990Accounting for unrestricted and restricted contributions, grants, and other revenuePlus much more!Whether you are performing accounting functions, responsible for financial management, or simply want to understand Not-for-Profit accounting, operations, and reporting,The Simplified Guide to Not-for-Profit Accounting, Formation, and Reportingis a great and handy book to have around for easy reference.