Preface vii
About the Authors ix
Not-for-Profit Accounting Literature xi
Part 1 Overview of Not-for-Profit Organizations 1
Chapter 1 Overview of Not-for-Profit Organizations 3
Chapter 2 Cash versus Accrual Basis Accounting 11
Part 2 Basic Financial Statements 21
Chapter 3 Statement of Financial Position 23
Chapter 4 Statement of Activities 31
Chapter 5 Statement of Cash Flows 41
Chapter 6 Other Financial Statement Issues 55
Part 3 Specific Not-for-Profit Accounting Topics 75
Chapter 7 Fund Accounting 77
Chapter 8 Net Assets 91
Chapter 9 Contributions, Pledges, Noncash Contributions, and Exchange Transactions 101
Chapter 10 Investments 151
Chapter 11 Affiliated Organizations 175
Chapter 12 Split-Interest Agreements 199
Chapter 13 Fundraising and Joint Costs 211
Chapter 14 Functional Reporting 227
Chapter 15 Collections 233
Part 4 Other Accounting-Related Not-for-Profit Topics 237
Chapter 16 Accounting for Specific Types of Not-for-Profits 239
Chapter 17 Importance of Budgets to a Not-for-Profit 255
Chapter 18 Principal Federal and State Tax Reporting and Regulatory Requirements 275
Part 5 General Accounting Topics Applied to Not-for-Profit Organizations 337
Chapter 19 Current Assets and Current Liabilities 339
Chapter 20 Inventory 349
Chapter 21 Long-Lived Assets, Depreciation, and Impairment 359
Chapter 22 Intangible Assets 373
Chapter 23 Contingencies 381
Chapter 24 Mergers and Acquisitions 397
Chapter 25 Accounting for Pensions and Postretirement Benefits 413
Chapter 26 Long-Term Liabilities 455
Chapter 27 Accounting Changes 475
Chapter 28 Accounting for Leases 483
Chapter 29 Financial Instruments 523
Chapter 30 Capitalization of Interest Costs 537
Appendix: Disclosure Checklist 543
Index 573