Nonprofit Accounting Basics Website
New Contract Revenue Recognition Standard
- Steps 1-3
- Steps 4-5 and Disclosures
- Transitioning to the New Standard
- Suggested steps for implementation from the Journal of Accountancy and AICPA
Changes to Nonprofit Financial Statement Presentation
- Net Asset Reporting
- Reporting Underwater Endowments
- Statement of Cash Flows
- Return on Investments, Long-Live Asset Classifications
- Disclosures, Part 1 and Part 2
Accounting Manuals
- Why to Have One and What to Include
- General Accounting Policies
- Billing, Cash Receipts, Accounts Receivable
- Purchasing, Cash Disbursements, Accounts Payable
- Payroll
- Fixed Assets
- Month-End and Year-End Close Processes
- Access, Data Security, Disaster Recovery
Recognizing Gifts in Kind
FAS 116 – Revenue Recognition for Nonprofits
Article about Accounting for Multi-Year Grants under FAS 116
Flowchart for Recognizing Revenue under FAS 116
FAS 95 – Presentation of the Statement of Cash Flows
Hiring a Quality Auditor (AICPA Resource)
IRS Guidance on Expensing versus Capitalizing Repairs and Maintenance