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How to Read Nonprofit Financial Statements: A Practical Guide,Used
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EXPERT GUIDANCE ON HOW TO READ, INTERPRET, AND USE NONPROFIT FINANCIAL STATEMENTSUPDATED TO INCLUDE THE NEW FASB STANDARD FOR NONPROFIT FINANCIAL REPORTINGWhether youre a nonprofit executive unfamiliar with the language of financial statements or a seasoned pro, this book is the only guide youll need to correctly interpret those critical documents, refresh your skills and familiarize yourself with the new FASB nonprofit reporting standards.The intent behind the recent FASB accounting standards update was to improve the clarity and usefulness of nonprofit financial statements. But making sense of those statements can still be tough for the uninitiated. Accountants and nonaccountants who use and prepare nonprofit financial statements need guidance on how to interpret and implement these new FASB standards. Written for both audiences, this book: Clearly defines accounting terminology and concepts, while offering numerous examples of financial statements reflecting both the old and new FASB standards Steers you, linebyline, through financial reports, providing indepth explanations of the differences between the old and new standards Provides numerous illustrations to help you quickly feel at home with the format of nonprofit financial statements Offers exercises to help you gain insight into the core concepts of nonprofit financial statements and reinforce your command of those conceptsIn addition to the new FASB standards, this expanded edition includes: A new chapter on reserves, a longstanding challenge for nonprofits A new section on general financial analysis, outlining what financial statement readers should look for to stay informed and satisfy their responsibility regardless of their role A new chapter on benchmarking to help nonprofits measure performance against industry peersHow to Read Nonprofit Financial Statements, Third Edition is an invaluable resource for anyone who reads, interprets, or prepares these allimportant documents.
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This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.