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How to Read Nonprofit Financial Statements, 3e - A Practical Guide (Paperback, 3rd Edition)
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How to Read Nonprofit Financial Statements, 3e - A Practical Guide (Paperback, 3rd Edition)
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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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