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Publications

Not-for-Profit Entities - Best Practices in Presentation and Disclosure

Publisher: AICPA
  • $69.00-$89.00
    Not-for-Profit Entities - Best Practices in Presentation and Disclosure In Stock Product #: ATTNPO16P
    AICPA Member: $69.00
    Non-Member: $89.00
  • $59.00-$69.00
    Not-for-Profit Entities - Best Practices in Presentation and Disclosure eBook Download Product #: ATTNPO16E
    AICPA Member: $59.00
    Non-Member: $69.00
  • $59.00-$69.00
    Not-for-Profit Entities - Best Practices in Presentation and Disclosure Online Access Product #: WNT-XX
    AICPA Member: $59.00
    Non-Member: $69.00

This resource gives you a straightforward picture of U.S. GAAP compliance by drawing from the audited financial statements of an assortment of not-for-profit entities (NFPs) and providing illustrative financial statement presentation and disclosure examples for the topics most frequently encountered by preparers of financial statements for NFPs.

This resource provides you with the tools you need to work through the process of creating and verifying the format and accuracy of your company’s or clients’ financial statements. It walks you through the most common presentations used by other nonprofits for challenges such as noncash gifts, donor-imposed restrictions, or accounting for contributions.

This new edition provides insight into and examples updated for the new FASB ASU No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities. It offers an overview of the standard and assists you in determining whether to adopt the new requirements early. Also included is a discussion on financial statements prepared in accordance with a special purpose framework of accounting.

In addition, you’ll find illustrations of the most important, immediate, and challenging disclosures, including:

  • Fair value measurements and use of estimates
  • Investments, derivatives, endowments, and UPMIFA
  • Contributions and revenue recognition, including grants, gifts in kind, interests in trusts, and other receivables
  • Liabilities, including split-interest agreements and pension plans
  • Income taxes and uncertain tax positions for tax-exempt entities
  • Net asset classes and restrictions
  • Measure of operations and joint costs
  • Insight into the new FASB ASU No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities

Who Will Benefit?

Small-to medium-sized firms and not-for-profit entities

Information about the online subscription option

The online subscription option below includes content updates and unlimited online access for 1 year. AICPA Online Professional Library – your source for the latest guidance, information, and standards on a variety of accounting & auditing, industry-specific, and practice management topics. Click here for more information.

Discounts

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.

Excerpt

This publication provides illustrative financial statements and related disclosures for nongovernmental not-for-profit entities (NFPs) other than health care providers. The examples contained herein have been adapted from actual audited financial statements of NFPs whose names and other identifying information have been changed. This publication is published by the Accounting and Auditing Publications team of the AICPA and is intended to provide preparers and practitioners with nonauthoritative practical guidance on such financial statements and disclosures.

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.