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Publications

Not-for-Profit Entities - Audit and Accounting Guide

Publisher: AICPA
  • $79.00-$99.00
    Not-for-Profit Entities - Audit and Accounting Guide In Stock Product #: AAGNFP16P
    AICPA Member: $79.00
    Non-Member: $99.00
  • $65.00-$89.00
    Not-for-Profit Entities - Audit and Accounting Guide eBook Download Product #: AAGNFP16E
    AICPA Member: $65.00
    Non-Member: $89.00
  • $99.00-$129.00
    Not-for-Profit Entities - Audit Guide and Audit Risk Alert Online Access Product #: WNP-XX
    AICPA Member: $99.00
    Non-Member: $129.00

The 2016 edition provides assistance in the unique preparation, auditing, accounting and reporting of financial statements for not-for-profit entities.

This new edition includes guidance on reporting donated services between affiliated NFPs, split-interest agreements, contributions and grants, functional expenses and joint costs, and much more.

Key Benefits:

  • Properly report complex revenue and expense transactions that have a material effect on financial reporting
  • Gain an understanding of the accounting issues that are unique to NFPs, such as donor restrictions on contributions
  • Understand the unique audit areas in NFPs and how to address the risk of material misstatement
  • Properly account for the relationships between NFPs and other entities
  • Understand the disclosure requirements related to reporting transactions that are common to NFPs

Updates:

  • FASB ASU No. 2013-06, Not-for-Profit Entities (Topic 958): Services Received from Personnel of an Affiliate (a consensus of the FASB Emerging Issues Task Force)
  • FASB ASU No. 2014-04, Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force)
  • FASB ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.
  • FASB ASU No. 2015-10, Technical Corrections and Improvements

Who Will Benefit:

  • Audit and accounting firms with nonprofit engagements
  • Financial managers at nonprofit organizations

Discounts

Bundle and Save

Get even more value with the Not-for-Profit Entities: Audit & Accounting Set. This convenient bundle gives you access to the full range of Not-for-Profit content offered by the AICPA, all in one convenient online subscription. This online bundle includes how-to advice and authoritative guidance, valuable discussion, best practices, and much more. Follow the link above for more details.
OR
Not-for-Profit Entities Industry Developments-Audit Risk Alert, content updates and unlimited online access for 1 year. Select the Online Subscription option and save!

Not-for-Profit Section Members Receive Additional Savings! 

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the  NFP Section.

System Requirements

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.