Write a paper on not for profits financial statements

Assignment Help Accounting Basics
Reference no: EM131195113

Assignment : Non-for-Profit Financial Reporting Review

Select one (1) not-for-profit organization in an area of interest to you and review the financial statements and audit report for the organization. The financial statements and audit report of the not-for-profit organization should be readily and publically available on an active Website.

Write a three to five (3-5) page paper in which you:
1. Analyze the selected not-for-profit's financial statements to determine if the statements conform to Financial Accounting Standards Board (FASB) guidance in Statement No. 117, Financial Statements of Not-for-Profit Organizations (FASB ASC 958-205-45). Explain the selected organization's use of the three (3) fund categories. Recommend at least two (2) areas of potential interest to the stakeholder concerning the status of revenue and expenses.

2. Analyze the organization's statement of cash flows. Explain the format that the organization utilizes, including any unique areas of emphasis that differ from-GAAP accounting format.

3. Compare the organization's reporting of pledges and contributions to its reporting of exchange transactions. Discuss the funds that are utilized.

4. Assess the fiscal condition of the selected organization utilizing and interpreting ?nancial indicators, using ?nancial ratios that are widely accepted as being indicative of ?scal health. This assessment should also be expanded to include fund-raising analysis, program review, contributions, and grant analysis and revenue analysis.

Your assignment must follow these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

The specific course learning outcomes associated with this assignment are:
•  Assess the accounting and financial reporting requirements for not-for-profit organizations.
•  Use technology and information resources to research issues in government and not-for-profit accounting.
•  Write clearly and concisely about government and not-for-profit accounting using proper writing mechanics.

Reference no: EM131195113

Questions Cloud

Definition of a monopoly : 1. Identify 3 businesses, corporations etc. which you feel most closely fit the definition of a monopoly. Be sure to include the 2 criteria that must be present to have a monopoly.
Estimate the life of a landfill for a user population : The pit must have a side slope of 1:3, and the final surface must have a slope of 1:4. Assume that the soil occupies 20% of the compacted volume.
Explain the basic formats of financial statements : Explain the basic formats of financial statements, such as income statement, balance sheet, statement of cash flows, and statement for retained earnings.
What is the peak gas production in m3/yr : Using the EPA exponential model, calculate the yearly gas production for 20 years after opening. What is the peak gas production in m3/yr?
Write a paper on not for profits financial statements : Analyze the organization's statement of cash flows. Explain the format that the organization utilizes, including any unique areas of emphasis that differ from-GAAP accounting format.
What are the alternatives for fresh foods : Fixed overhead will continue whether the ingredient is produced internally or externally. No additional costs of purchasing will be incurred beyond the purchase price. What are the alternatives for Fresh Foods? Which alternative is more cost effec..
How long can this landfill be expected to last : A community of 100,000 people decides to construct a landfill that is to have a volume of 2,000,000 cubic yards. How long can this landfill be expected to last? Use approximate numbers.
Focus on entertaining-enlivening : Should the fine/performing arts (music, dance, painting, sculpture, architecture, etc.) focus on entertaining, enlivening, and decorating our world?
What are the advantages and disadvantages of new location : Some relevant facts: Groundwater at the proposed landfill site is 5 ft below surface; the soil is sand from 30 feet to 20 feet, and sandy loam above 20 feet.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd