Not-for-Profit Accounting Made Easy
- ISBN13: 9780471789796
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product DescriptionA hands-on guide to the ins and outs of nonprofit accounting Not-for-Profit Accounting Made Easy, Second Edition equips you with the tools you need to run the financial and accounting operations within your nonprofit organization. Even if you do not have a professional understanding of accounting principles and financial reporting, this handy guide makes it all clear with complex accounting rules explained in terms nonaccountants can easily understand in order to help you better fulfill your managerial and fiduciary duties. Always practical and never overtechnical, this helpful guide conforms to FASB and AICPA standards and: * Discusses federal single audit and its impact on nonprofits * Offers examples of various types of split-interest agreements * Shows you how to read and understand a nonprofit financial statement * Explains financial accounting and reporting standards * Helps you become conversant in the rules and principles of accounting * Updates board members, executive directors, and other senior managers on the accounting basics they should know for day-to-day operations * Features tables, exhibits, and charts that illustrate the content in a simple and easy-to-understand manner Suitable for fundraising managers and executives–as well as anyone who needs to read and understand a nonprofit financial statement–this is the ultimate not-an-accountant’s guide to nonprofit accounting.
Not-for-Profit Accounting Made Easy
Tags: Accounting, Easy, Made, NotforProfit
on Tuesday, March 30th, 2010 at 5:34 am and is filed under Business Info. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
March 30th, 2010 at 7:07 am
The differences between GAAP and GAAP with application of FASB 116 and 117 are provided with over 75% of the book used for this purpose. Bookkeeping experience is necessary, and some accounting is also required to understand these differences. Good information for churches and a must for all IRS Form 1024 not-for-profit board members. Those serving on such boards need this and some accounting primers to fulfill their responsibilities. IRS Form 1023 churches are currently exempt from the 990 filing but should seriously consider adopting the FASB 116 and 117 recommendations indicated in this book. Financial institutions providing funding of any type to not-for-profit entities will be looking for financial statements that include the not-for-profit rules of FASB 116 and 117. Rated five stars for those with accounting backgrounds and involved in financial areas of not-for-profit 501(c)(3) 1023 and 1024 organizations.
Rating: 5 / 5
March 30th, 2010 at 9:49 am
This is an overall good product. There is an abundance of practice questions to choose from, and the software explains why the answer is correct. However, in the exam mode, the software only tells you if the question is wrong, and does not explain why.
Rating: 3 / 5
March 30th, 2010 at 10:26 am
Mr. Ruppel’s book is an excellent resource but presumes the reader has a nodding acquaintanceship with accounting principles and how to read a financial statement. Concise explanation of contemporary accounting standards for not for profit enterprises is provided and the book can be a reference for donors or accountants.
Rating: 4 / 5
March 30th, 2010 at 10:46 am
This book has some good information for novices. If you become involved with the finances of such an organization, the book is informative. If you have an accounting background and are looking for info on how not for profit accounting differs from GAAP, this book won’t help you.
Rating: 3 / 5
March 30th, 2010 at 1:32 pm
I purchased this book in to prepare myself for a change of career, hopefully moving from the for-profit to the not-for-profit world. Having worked as an accountant for many years, this book was challenging but useful. I would definitely NOT recommend it for the neophyte in the accounting world.
One of my pet peeves is books which have numerous typos. Having read the second edition of this book, I found way too many typos to be acceptable. This forces the reader to try to figure out what the author is trying to say rather than trying to grasp the content of the book. This is truly distracting and unnecessary.
Rating: 3 / 5