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Not-for-Profit Entities - Audit and Accounting Guide

Publisher: AICPA
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Updated as of March 1, 2014, this guide 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. 2012-02, Intangibles - Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment

Audience

This comprehensive guide addresses the many aspects of specialized accounting for not-for-profit organizations. It has been designed to be beneficial for a wide range of members, including auditing and accounting firms with nonprofit engagements, as well as financial managers at nonprofit organizations.

An excerpt from the AICPA Webcast:
2013 Not-For-Profit Organizations - What the New Audit and Accounting Guide Means To You and Current Year Audit Issues - May 2013
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.

If purchasing this title as an eBook, please note that it is intended for a single user. An eBook is a downloadable file that will be accessible immediately after completing your purchase. Access to the download link expires 180 days from the purchase date. Download the file before this time elapses. Before downloading your eBook, you must:

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Online Subscription > AICPA Online Professional Library. Your subscription includes the corresponding Audit Risk Alert, 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. Subscribe to the product, bundle, or library that best meets your organization's needs. Click here for more information.

Paperback , 2014
Product# AAGNFP14P
Availability: In Stock
*Discounted price reflected in Shopping Cart
Regular:$98.75
AICPA Member:$79.00
Your Price:$98.75
eBook , 2014
Product# AAGNFP14E
Availability: eBook Download
Regular:$88.75
AICPA Member:$71.00
Your Price:$88.75
Not-for-Profit Audit Guide and Audit Risk Alert Bundle
Online Subscription
Product# WNP-XX
Availability: Online Access 1 Year
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Regular:$123.75
AICPA Member:$99.00
Your Price:$123.75
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