Not-for-profit financial reporting mastering the unique requirements / Bruce W. Chase.

Table of Contents
Chapter 1 1-1

Financial Reporting 1-1

Net assets 1-2

The basic financial statements 1-4

Reporting formats 1-15

Notes to the financial statements 1-19

Investments and investment income 1-20

Summary 1-27

Practice questions 1-28

Chapter 2 2-1

Exchange Transactions, Contributions, and Gains and Losses 2-1

Resources for the mission 2-3

Exchange (reciprocal) transactions 2-6

Contributions 2-15

Identifying gains and losses 2-24

Agency transactions 2-25

Summary 2-26

Practice questions 2-27

Chapter 3 3-1

Expenses 3-1

Expenses versus losses 3-2

Functional reporting of expenses 3-4

Reclassifications 3-16

Summary 3-18

Practice questions 3-19

Chapter 4 4-1

The Not-for-Profit Environment and Performance Measures 4-1

The NFP environment 4-2

Types of NFP organizations 4-6

Fund accounting 4-9

Measuring performance 4-10

Reporting information in the statement of activities 4-11

Ratios and other tools 4-13

Input, output, and outcomes 4-16

Summary 4-19

Practice questions 4-20

Appendix A A-1

Excerpt of Appendix A of Chapter 5 of AICPA Audit and Accounting Guide Not-for-Profit Entities A-1

Glossary Glossary 1

Index Index 1

Solutions Solutions 1

Chapter 1 Solutions 1

Chapter 2 Solutions 4

Chapter 3 Solutions 8

Chapter 4 Solutions 10

About the Author
Bruce W. Chase, PhD, is professor of accounting at Radford University. He is also the Director of the University's Governmental and Nonprofit Assistance Center (GNAC). The GNAC provides support for the Government Finance Officers Association (GFOA) national Certified Public Finance Officer (CPFO) program. Prior to joining the faculty of Radford University, he spent over 15 years in governmental and nonprofit accounting. He began his career with the Auditor of Public Accounts and then with Coopers and Lybrand. He served as Treasurer of Virginia Commonwealth University and later as chief financial officer of Southern Seminary College. He has written numerous articles on governmental and nonprofit accounting and is a frequent speaker on these topics. He has authored two national educational courses dealing with governmental and nonprofit accounting for the American Institute of Certified Public Accountants (AICPA). He also does extensive training on governmental accounting and reporting issues.