Wiley Not-for-Profit GAAP 2005: Interpretation and Application of Generally Accepted Accounting Principles for Not-for-Profit Organizations - Softcover

Larkin, Richard F.; DiTommaso, Marie

Softcover

ISBN 10: 0471668397 ISBN 13: 9780471668398

Publisher: Wiley, 2004

Synopsis

Keep abreast of all the latest standards for measurement, presentation, and disclosure relevant to non-profit entities with this clear, concise, and user-friendly reference. Included are Financial Accounting Standards Board Statements, Interpretations and Technical Bulletins, Accounting Principles Board Opinions, Accounting Research Bulletins, AICPA Statements of Position, and FASB EITF (Emerging Issues Task Force) issues pertinent to non-profit organizations.

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About this title

About the Author

Richard F. Larkin is technical director of not-for-profit accounting and auditing for BDO Seidman, LLP, in Bethesda, Maryland. Previously he was the technical director of the Not-for-Profit Industry Services Group in the national office of PricewaterhouseCoopers. He is a certified public accountant with over thirty-five years of experience serving not-for-profit organizations as independent accountant, board member, treasurer, and consultant. He teaches, speaks, and writes extensively on not-for-profit industry matters and is active in many professional and industry organizations. He has been a member of the Financial Accounting Standards Board Not-for-Profit Advisory Task Force and the AICPA Not-for-Profit Organizations Committee, and chaired the AICPA Not-for-Profit Audit Guide Task Force. He participated in writing both the third and fourth editions of Standards of Accounting and Financial Reporting for Voluntary Health and Welfare Organizations, and the AICPA Practice Aid, Financial Statement Presentation and Disclosure Practices for Not-for-Profit Organizations. He graduated from Harvard College and has an MBA from Harvard Business School. He is a coauthor of the fourth, fifth, and sixth editions of Financial and Accounting Guide for Not-for-Profit Organizations, which were published by John Wiley & Sons, Inc.

Marie DiTommaso, CPA, is a partner in the firm of DiTommaso and Ruppel, CPAs, which she cofounded. She has over twenty years of experience in accounting and financial reporting in both the not-for-profit and commercial accounting environments. She began her career with KPMG after graduating from Queens College of the City University of New York. Later in her career, she joined the American Express Company and then Dun & Bradstreet Corporation, both to develop, write, and implement accounting policies and procedures. After leaving these corporate organizations, Ms. DiTommaso served as the chief financial officer of a not-for-profit organization.
Ms. DiTommaso is a member of the American Institute of Certified Public Accountants. She is also a member of the New Jersey Women Business Owners Association, where she has served as President of the Bergen County chapter and as an advisor to the Board of Directors.

From the Back Cover

The most practical, authoritative guide to not-for-profit GAAP

Wiley Not-for-Profit GAAP 2005 is a comprehensive, easy-to-use guide to the accounting and financial reporting principles used by not-for-profit organizations. It is written with the needs of the financial statement preparer, user, and attestor in mind. It provides a complete review of the authoritative accounting literature that impacts all types of not-for-profit organizations. At the same time, Wiley Not-for-Profit GAAP 2005 features many examples and illustrations that will assist the reader in applying authoritative literature to real-life situations. Wiley Not-for-Profit GAAP 2004 excels in providing financial statement preparers, users, and attestors with the most comprehensive and usable information because of these features:

• Easy-to-use format that enables the reader to find needed information quickly
• Coverage of accounting principles specifically related to not-for-profit organizations, as well as accounting principles applicable to all types of organizations
• Specific coverage of accounting issues for different types of not-for-profit organizations
• A comprehensive disclosure checklist that helps financial statement preparers and attestors ensure that all disclosures required by GAAP have been considered>
• Many examples and illustrations that make putting accounting theory into practice an easy task

This 2005 Edition also includes new information covering:

• AICPA Technical Practice Aid addressing donor-defined eligibility requirements
• Derivatives Implementation Group Topic B35, Embedded Derivatives: Application of Statement 133 to a Not-for-Profit Organization's Obligation Arising from an Irrevocable Split-Interest Agreement, which provides guidance for determining whether a split-interest agreement includes an embedded derivative
• FASB Interpretation No. 45, Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness to Others, including special discussion of loan guarantees that are accounted for as contributions
• FASB Statement No. 149, Amendment to Statement 133 on Derivative Financial Instruments

Wiley Not-for-Profit GAAP 2005 strives to be a thorough, reliable reference that you'll use constantly. It's designed to be kept on your desk rather than on your bookshelf.

Edition details

• Publisher: Wiley
• Publication date: 2004
• Language: English
• ISBN 10: 0471668397
• ISBN 13: 9780471668398
• Binding: Paperback
• Edition number: 2
• Number of pages: 496