Description:
A practical, introductory guide to the fundamentals of not-for-profit accounting Not-for-Profit Accounting Made Easy focuses on accounting fundamentals for those who run financial and accounting operations in not-for-profit organizations but do not have a professional understanding of accounting principles and financial reporting. It explains complex accounting rules in terms nonaccountants can easily understand in order to help them better fulfill their managerial and fiduciary duties. Always practical and never overtechnical, this helpful guide conforms to FASB and AICPA standards and: Shows how to read and understand a not-for-profit financial statement Explains financial accounting and reporting standards Helps managers and other nonaccountants become conversant in the rules and principles of accounting Updates board members, executive directors, and other senior managers on the accounting basics they should know for day-to-day operations Features tables, exhibits, and charts that illustrate the content in a simple and easy-to-understand manner Suitable for fundraising managers and executives–as well as anyone who needs to read and understand a not-for-profit financial statement–this is the ultimate not-an-accountant’s guide to not-for-profit accounting.