Wiley Not-for-Profit GAAP 2017: Interpretation and Application of Generally Accepted Accounting Principles (Wiley Regulatory Reporting) - Softcover

Larkin, Richard F.; DiTommaso, Marie; Ruppel, Warren

Softcover

ISBN 10: 1119385369 ISBN 13: 9781119385363

Publisher: Wiley, 2017

Synopsis

The essential not-for-profit GAAP reference, updated with the latest standards

Wiley Not-for-Profit GAAP 2017 is the essential accounting resource for not-for-profit organizations, providing quick access to the most up-to-date standards and practical tools for implementation. Designed help you find the answers you need quickly and easily, this guide features helpful visual aids alongside detailed explanations tailored to the not-for-profit sector. Authoritative discussion covers Financial Accounting Standards Board (FASB) Accounting Standards Codification, which includes the standards originally issued in the Statements, Interpretations and Technical Bulletins; Accounting Principles Board Opinions, Accounting Research Bulletins, AICPA Statements of Position and FASB Emerging Issues Task Force statements relevant to the not-for-profit organization.

The unique characteristics of the not-for-profit organization demand adherence to specific GAAP; auditors and preparers must understand these standards, stay up-to-date as they continue to evolve and know how to apply them in the course of real-world financial statement preparation. This book provides the guidance you need in a user-friendly format.

• Get up to date on the latest changes to GAAP affecting not-for-profit organizations
• Reference authoritative standards for measurement, presentation and disclosure
• Consult flowcharts, diagrams and charts to find answers at a glance
• Double-check disclosures against a checklist of GAAP requirements

Accounting standards are constantly changing, and the special requirements targeting not-for-profits add an additional challenge to full compliance. Instead of wading through dozens of volumes of official pronouncements to locate relevant information, consult an all-in-one resource targeted specifically to not-for-profit GAAP — one that is updated annually to bring you the most current information available. Wiley Not-for-Profit GAAP 2017 provides clear answers and practical guidance to help you streamline GAAP implementation and ensure compliance.

About this title

From the Back Cover

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

Wiley Not-for-Profit GAAP 2017 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 2017 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 2017 edition includes new information covering:

• New FASB not-for-profit reporting model changes
• Revenue recognition update
• New lease accounting standard
• Consolidation standards for limited partnerships

Wiley Not-for-Profit GAAP 2017 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

Edition details

• Publisher: Wiley
• Publication date: 2017
• ISBN 10: 1119385369
• ISBN 13: 9781119385363
• Binding: Paperback
• Language: English
• Edition number: 1
• Number of pages: 560