Not-for-Profit Entities - Audit and Accounting Guide - Couverture souple

AICPA

Couverture souple

ISBN 10 : 1941651666 ISBN 13 : 9781941651667

Editeur : AICPA, 2015

Synopsis

The 2015 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 include: 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 nonprofits, 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 include: FASB ASU No. 2012-05, Statement of Cash Flows (Topic 230): Not-for-Profit Entities: Classification of the Sale Proceeds of Donated Financial Assets in the Statement of Cash Flows (a consensus of the FASB Emerging Issues Task Force); FASB ASU No. 2013-04, Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date (a consensus of the FASB Emerging Issues Task Force); FASB ASU No. 2013-07, Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting; Statement on Auditing Standards No. 129, Amendment to Statement on Auditing Standards No. 122 Section 920, Letters For Underwriters and Certain Other Requesting Parties, As Amended as well as developments that are not related to an issuance of authoritative guidance

À propos de cette édition

• Éditeur: AICPA
• Date d'édition: 2015
• ISBN 10: 1941651666
• ISBN 13: 9781941651667
• Reliure: Paperback