Wiley not-for-profit gaap 2012: interpretation and application of generally accepted accounting principles (paperback)

Wiley Not-for-Profit GAAP 2012 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 2012 features many examples and illustrations that will assist the reader in applying authoritative literature to real-life situations. Wiley Not-for-Profit GAAP 2012 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 much 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 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 2012 Edition includes new information covering:

• Intangibles - Goodwill and Other (ASU 2010-28 and ASU 2011-8)

• Business Combinations (ASU 2010-29)

• Receivables (ASU 2011-02)

• Fair Value Measurement (ASU 2011-4)

• Health Care Entities (ASU 2011-07)

Wiley Not-for-Profit GAAP 2012 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.

About the Authors ix

Not-for-Profit Accounting Literature xi

Part 1 Overview of Not-for-Profit Organizations

Chapter 1 Overview of Not-for-Profit Organizations 3

Chapter 2 Cash versus Accrual Basis Accounting 9

Part 2 Basic Financial Statements

Chapter 3 Statement of Financial Position 21

Chapter 4 Statement of Activities 27

Chapter 5 Statement of Cash Flows 37

Chapter 6 Other Financial Statement Issues 51

Part 3 Specific Not-for-Profit Accounting Topics

Chapter 7 Fund Accounting 73

Chapter 8 Net Assets 85

Chapter 9 Contributions, Pledges, and Noncash Contributions 93

Appendix A Checklist 120

Appendix B Checklist 122

Appendix C Checklist 124

Appendix D Checklist 126

Appendix E Checklist 128

Appendix F Checklist 131

Appendix G Checklist 135

Chapter 10 Investments 137

Chapter 11 Affiliated Organizations 159

Appendix A Checklist 180

Chapter 12 Split-Interest Agreements 183

Chapter 13 Fund-Raising and Joint Costs 195

Appendix A Checklist 207

Chapter 14 Functional Reporting 209

Chapter 15 Collections 215

Part 4 Other Accounting-Related Not-for-Profit Topics

Chapter 16 Accounting for Specific Types of Not-for-Profits 221

Associations and Professional Societies 222

Churches 224

Clubs 225

Libraries 227

Museums 227

Performing Arts Organizations 228

Private Foundations 230

Religious Organizations other than Churches 232

Research and Scientific Organizations 233

Private Elementary and Secondary Schools 234

Public Broadcasting Systems 235

Chapter 17 Importance of Budgets to a Not-for-Profit 237

Chapter 18 Principal Federal and State Tax Reporting and Regulatory Requirements 257

Part 5 General Accounting Topics Applied to Not-for-Profit Organizations

Chapter 19 Current Assets and Current Liabilities 315

Chapter 20 Inventory 323

Chapter 21 Long-Lived Assets, Depreciation, and Impairment 333

Chapter 22 Intangible Assets 347

Chapter 23 Contingencies 355

Chapter 24 Mergers and Acquisitions 369

Chapter 25 Accounting for Pensions and Postretirement Benefits 387

Chapter 26 Long-Term Liabilities 427

Chapter 27 Accounting Changes 445

Chapter 28 Accounting for Leases 453

Chapter 29 Financial Instruments 489

Chapter 30 Capitalization of Interest Costs 503

Appendix: Disclosure Checklist 509

Index 539