Publisher's Synopsis
Wiley Not–for–Profit GAAP 2006 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. It 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 2006 features many examples and illustrations that will assist the reader in applying authoritative literature to real–life situations. Wiley Not–for–Profit GAAP 2006 excels in providing financial statement preparers, users, and attestors with the most comprehensive and usable information because of these features:
- Easy–to–use information that enables the reader to find needed information quickly
- Coverage of accounting principles specifically related to not–for–profit organizations, as well as accounting principles applicable to all types of organizations
- Specific coverage of accounting issues for different types of not–for–profit organizations
- A comprehensive disclosure checklist that helps financial statement preparers, users, and attestors ensure that all disclosures required by GAAP have been considered
- Many examples and illustrations that make putting accounting theory into practice an easy task
This 2006 Edition also includes new information covering:
- AICPA Technical Practice Aid addressing contributions received by a not–for–profit organization that is a fundraising organization for a health care organization
- FASB Statement No. 151, Inventory Costs
- FASB Statement No. 153, Exchanges of Nonmonetary Assets
- FASB Statement No. 154, Accounting Changes and Error Corrections
- New IRS Electronic Filing requirements for not–for–profit organizations
Wiley Not–for–Profit GAAP 2006 strives to be a thorough, reliable reference that you′ll use constantly. It′s designed to be kept on your desk rather than on your bookshelf.
