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Not-for-Profit Accounting Made Easy, by Warren Ruppel
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A hands-on guide to the ins and outs of nonprofit accounting
Not-for-Profit Accounting Made Easy, Second Edition equips you with the tools you need to run the financial and accounting operations within your nonprofit organization. Even if you do not have a professional understanding of accounting principles and financial reporting, this handy guide makes it all clear with complex accounting rules explained in terms nonaccountants can easily understand in order to help you better fulfill your managerial and fiduciary duties. Always practical and never overtechnical, this helpful guide conforms to FASB and AICPA standards and:
*
Discusses federal single audit and its impact on nonprofits
*
Offers examples of various types of split-interest agreements
*
Shows you how to read and understand a nonprofit financial statement
*
Explains financial accounting and reporting standards
*
Helps you become conversant in the rules and principles of accounting
*
Updates board members, executive directors, and other senior managers on the accounting basics they should know for day-to-day operations
*
Features tables, exhibits, and charts that illustrate the content in a simple and easy-to-understand manner
Suitable for fundraising managers and executives--as well as anyone who needs to read and understand a nonprofit financial statement--this is the ultimate not-an-accountant's guide to nonprofit accounting.
- Sales Rank: #536876 in Books
- Published on: 2007-04-27
- Original language: English
- Number of items: 1
- Dimensions: 9.30" h x 1.10" w x 6.40" l, 1.03 pounds
- Binding: Hardcover
- 256 pages
From the Inside Flap
Not-for-Profit
Accounting Made Easy
Second Edition
The world of accounting can be intimidating but there's no way to avoid it—even nonprofit organizations must venture into financialjargon and concepts. Now in a second edition, Not-for-Profit Accounting Made Easy, Second Edition shows you how to read and understand a nonprofit financial statement, while providing you with a basic understanding of the accounting and financial reporting practices of a nonprofit.
Clarifying nonprofit accounting principles and reporting standards in simple terms that are easily understood by those with little or no prior accounting experience, Nonprofit Accounting Made Easy, Second Edition conforms to FASB and AICPA standards and forms and introduces you to:
-
Basic accounting terminology
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Fundamental accounting concepts
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Basic financial statements of a nonprofit organization
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Accounting for contributions, investments and financial instruments, activities with joint costs, affiliated organizations, and collections
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Accounting peculiarities of health care, education, and religious and cultural nonprofits
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Accounting for leases
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Accounting for pension plans and other employee benefit plans
Simple and practical in approach, this book is helpful not only for nonaccountants with accounting duties but also for people who work with nonprofits in a variety of capacities. Since nonprofit accounting differs in many subtle ways from normal business accounting, this book shows you how to brush up on the idiosyncrasies that separate the two. Management and staff, board members, consultants, donors, and creditors can all benefit from understanding the fundamental principles of nonprofit accounting.
With updated GAAP hierarchy discussions including the PCAOB and its impact on standards setting and applicability to nonprofit organizations, Nonprofit Accounting Made Easy, Second Edition offers a wealth of practical information on putting accounting principles to work for your nonprofit.
From the Back Cover
A hands-on guide to the ins and outs of nonprofit accounting
Not-for-Profit Accounting Made Easy, Second Edition equips you with the tools you need to run the financial and accounting operations within your nonprofit organization. Even if you do not have a professional understanding of accounting principles and financial reporting, this handy guide makes it all clear with complex accounting rules explained in terms nonaccountants can easily understand in order to help you better fulfill your managerial and fiduciary duties. Always practical and never overtechnical, this helpful guide conforms to FASB and AICPA standards and:
-
Discusses federal single audit and its impact on nonprofits
-
Offers examples of various types of split-interest agreements
-
Shows you how to read and understand a nonprofit financial statement
-
Explains financial accounting and reporting standards
-
Helps you become conversant in the rules and principles of accounting
-
Updates board members, executive directors, and other senior managers on the accounting basics they should know for day-to-day operations
-
Features tables, exhibits, and charts that illustrate the content in a simple and easy-to-understand manner
Suitable for fundraising managers and executives—as well as anyone who needs to read and understand a nonprofit financial statement—this is the ultimate not-an-accountant's guide to nonprofit accounting.
About the Author
Warren Ruppel, CPA, is the Director of Government Services at Marks Paneth & Shron LLP, where he is also a key member of the firm's quality assurance function. He is the author of several Wiley accounting publications, including Not-for-Profit Audit Committee Best Practices, and Wiley GAAP for Governments, as well as CCH's Not-for-Profit Organization Audits. He began his career at KPMG and later joined Deloitte & Touche to specialize in audits of not-for-profit organizations and governments. He has since served as the chief financial officer of an international not-for-profit organization and, most recently, was the assistant comptroller for accounting of the City of New York where he was responsible for the City's accounting and financial reporting. He has also served as chair of the audit commitee of the New York State Society of CPAs.
Most helpful customer reviews
41 of 45 people found the following review helpful.
Accounting Made Difficult
By Carlos Garcia
If you are looking for a straightforward, easy-to-read explanation of not-for-profit accounting, keep looking. I ordered this book recently and while the first chapter provides some useful defintions, the rest of the book is mind-numbing. In fact, I gave up after chapter 3. If you have to re-read paragraphs two and three times to understand what the author is trying to say, then it's not "accounting made easy."
In addition, the examples of financial statements only offer "XXX" rather than actual numbers. Samples with actual numbers would have been much more useful.
Charity Channel ([...]) also gave this book a negative review.
There are better guides out there.
15 of 16 people found the following review helpful.
Better than college textbooks
By K. Thompson
The author wrote this book assuming that non-financial people need to understand accounting, making this easy to read and understandable. Having gone through a college course on accounting, and being forced to use three other books (which were also worthless), I only wished I read this book first. Although it's designed for not-for-profit organizations, it explains the differences with for-profit organizations, and explains why certain things can be done, or can't be done. For anyone who is starting fresh, starting a new company, or planning on taking accounting in college, I would strongly recommend you invest $30 (my accounting textbook was over $100) and the first chapter alone, summarizes the the first 10 chapters of several college textbooks.
10 of 11 people found the following review helpful.
small non-profit organization treasurer
By Willing Volunteer
This book is not for bookkeepers. It is more for accountants who want to understand non-profit accounting. If a bookkeeper needs to know the proper day to day and month to month entries for this kind of organization, than this book is not for you.
However, if you are an accountant, you may be able to glean good information about the basic philosophy of non-profit organizations, such as account set-up and reporting.
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