Financial Statements/Reporting

Name: Not-for-Profit Organizations - AICPA audit and accounting guide
Author: Various
Publisher: AICPA
Type of Material: Paperback
Cost of Material: $70.00 (members), $87.50(non-member)
Where it can be obtained: http://www.cpa2biz.com/AST/AICPA_CPA2BIZ_Specials/CPA2BIZ_Bestsellers/PRDOVR~PC-012645/PC-012645.jsp

Name: Publishing the Nonprofit Annual Report: Tips, Traps, and Tricks of the Trade
Author: Caroline Taylor
Publisher: Wiley/Jossey-Bass
Type of material: paperback/240 pages
Cost of material: $28.00
Primary audience:
Published: October 2001
Where it can be obtained: http://www.josseybass.com/WileyCDA/WileyTitle/productCd-0787954101.html

Summary: This essential guide takes you through the report-writing cycle from start to finish. Step by step, learn how to create a plan, fit the report process into the overall schedule, assign tasks, develop the executive message, work with designers to integrate visual elements, and get the report printed on time and within budget.

Name: Statements of Financial Accounting Concepts, #4 - Objectives of Financial Reporting by Nonbusiness Organizations
Author: N/A
Publisher: Financial Accounting Standards Board
Type of material: web based/36 pages
Cost of material: Free
Primary audience:
Where it can be obtained:
As Issued in December 1980: http://www.fasb.org/pdf/con4.pdf
As Amended: http://www.fasb.org/pdf/aop_CON4.pdf

Summary: This statement establishes the objectives of general purpose external financial reporting by nonbusiness organizations.

Name: Statements of Financial Accounting Concepts, #6 - Elements of Financial Statements
Author: N/A
Publisher: Financial Accounting Standards Board
Type of material: web based/91 pages
Cost of material: Free
Primary audience:
Where it can be obtained:
As Issued in December 1985: http://www.fasb.org/pdf/con6.pdf
As Amended: http://www.fasb.org/pdf/aop_CON6.pdf

Summary: This statement defines 10 elements of financial statements: seven elements of financial statements of both business enterprises and not-for-profit organizations-assets, liabilities, equity (business enterprises) or net assets (not-for-profit organizations), revenues, expenses, gains, and losses-and three elements of financial statements of business enterprises only-investments by owners, distributions to owners, and comprehensive income. It also defines three classes of net assets of not-for-profit organizations and the changes in those classes during a period-change in permanently restricted net assets, change in temporarily restricted net assets, and change in unrestricted net assets. The statement also defines or describes certain other concepts that underlie or are otherwise related to those elements and classes.

Name: Statements of Financial Accounting Standards (FAS) - FAS No. 117, Financial Statements of Not-for-Profit Organizations
Author: N/A
Publisher: Financial Accounting Standards Board
Type of material: web based/70 pages
Cost of material: Free
Primary audience:
Where it can be obtained:
As Issued in June 1993: http://www.fasb.org/pdf/fas117.pdf
Amended: http://www.fasb.org/pdf/aop_FAS117.pdf

Summary: This statement establishes standards for general-purpose external financial statements provided by a not-for-profit organization. Its objective is to enhance the relevance, understandability, and comparability of financial statements issued by those organizations.

Name: The Quality of Financial Reporting by Nonprofits -- Findings and Implications
Author: Kennard Wing and Mark A. Hager
Publisher: N/A
Type of material: online
Cost of material: Free
Primary audience:
Posted: August 01, 2004
Where it can be obtained: http://www.urban.org/url.cfm?ID=311045

Summary: To study these issues in depth, we conducted detailed discussions with nine organizations. The organizations ranged in size from under $1 million to over $40 million in annual expenditures. They represented various fields of work, such as health, education, and the arts. This brief highlights five groups of findings relating to financial reporting that emerged from these case studies.