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How to Read Nonprofit Financial Statements: A Practical Guide


  


Books : How to Read Nonprofit Financial Statements: A Practical Guide
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Binding: Paperback
Brand: Jossey-Bass
EAN: 9781118976692
Edition: 3
Feature: Jossey-Bass
ISBN: 9781118976692
Item Dimensions: 9906909190
Label: Wiley
Languages: EnglishPublishedEnglishOriginal LanguageEnglishUnknown
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 272
Publication Date: March 13, 2017
Publisher: Wiley
Studio: Wiley

Features:
  • Jossey-Bass



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Product Description:


EXPERT GUIDANCE ON HOW TO READ, INTERPRET, AND USE NONPROFIT FINANCIAL STATEMENTS—UPDATED TO INCLUDE THE NEW FASB STANDARD FOR NONPROFIT FINANCIAL REPORTING



Whether you’re a nonprofit executive unfamiliar with the language of financial statements or a seasoned pro, this book is the only guide you’ll 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 non-accountants 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, line-by-line, through financial reports, providing in-depth 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 concepts


In addition to the new FASB standards, this expanded edition includes:

  • A new chapter on reserves, a long-standing 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 peers


How to Read Nonprofit Financial Statements, Third Edition is an invaluable resource for anyone who reads, interprets, or prepares these all-important documents.







 



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