Wiley Not-for-Profit GAAP 2016: Interpretation and Application of Generally Accepted Accounting Principles (Wiley Regulatory Reporting) - Softcover

Larkin, Richard F.; DiTommaso, Marie

9781119107538: Wiley Not-for-Profit GAAP 2016: Interpretation and Application of Generally Accepted Accounting Principles (Wiley Regulatory Reporting)

Softcover

ISBN 10: 1119107539 ISBN 13: 9781119107538

Publisher: Wiley, 2016

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Detailed, practical coverage of GAAP, tailored to not-for-profit organizations

Wiley Not-for-Profit GAAP 2016 is a thorough examination of the authoritative standards for measurement, presentation and disclosure as applied to not-for-profit organizations. Due to these organizations' unique characteristics, not-for-profit accountants must adhere to specific Generally Accepted Accounting Principles (GAAP). These requirements are complex and ever evolving, but this single volume brings them together, providing the most up-to-date information available. Flowcharts and diagrams are used to assist the reader's understanding of the material. Additionally, a financial statement disclosure checklist facilitates GAAP adherence.

Designed specifically for accountants in public practice and industry, this guide covers requirements from all relevant organizations, including the Financial Accounting Standards Board (FASB) and Accounting Principles Board (APB). Technical and accounting research bulletins are clearly and concisely summarized, as are all statements of position important to not-for-profit organizations. Together, these resources make Wiley Not-for-Profit GAAP 2016 a complete reference tool for auditors and financial personnel in the not-for-profit sector.

Refine basic financial statements, including Financial Position, Activities and Cash Flow
Tackle not-for-profit-specific issues like fundraising, noncash contributions, affiliations and pledges
Tailor accounting methods to the specific type of organization, with budgeting, tax reporting and regulatory advice
Discover how general accounting topics like assets, mergers and liabilities are applied to not-for-profit organizations

Preparers and auditors of not-for-profit accounts must stay up-to-date on the latest GAAP practices to best serve the organization, while complying with all disclosure, reporting and regulatory requirements. Wiley Not-for-Profit GAAP 2016 provides extensive coverage and practical advice on the latest GAAP, tailored to the not-for-profit organization's unique needs.

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From the Back Cover:

The most practical, authoritative guide to Not-for-Profit GAAP

Wiley Not-for-Profit GAAP 2016 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, and 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 2016 features many examples and illustrations that will assist the reader in applying the principles to real-life situations. Key features include:

Easy-to-use information that enables the reader to find what they need quickly
Coverage of accounting principles specifically related to not-for-profit organizations, as well as accounting principles applicable to organizations of all kinds
Coverage of accounting issues affecting 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 it easy to put accounting theory into practice

This 2016 edition includes new information covering:

Going concern disclosures
New FASB accounting standards updates for simplifying accounting and reporting
Updated disclosures for investments in entities that calculate net asset value
Push-down accounting
Revenue contracts with customers

Wiley Not-for-Profit GAAP 2016 is a thorough and reliable reference which is designed to be kept to hand on your desk, rather than on the shelf.

About the Author:

Richard F. Larkin, CPA (Bethesda, MD) is technical director of not-for-profit accounting and auditing for Long Group, Chartered, in Bethesda, Maryland. He is a certified public accountant with over 35 years of experience serving not-for-profit organizations. He teaches, speaks, and writes extensively on not-for-profit industry matters.

Marie DiTommaso, CPA, (Woodcliff Lake, NJ) is a partner in her own CPA practice, DiTommaso & Ruppel, CPAs. She has over 20 years of experience in accounting and financial reporting in both the not-for-profit and commercial accounting environments.

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