Financial and Accounting Guide for Not-for-profit Organizations: Supplement 2006 Revised edition [Mīkstie vāki]

Note to the Reader: Sections not in the main bound volume are indicated by “(New)” after the title.
Preface.
Chapter 1: Responsibilities for Fiscal Management.
1.8 Conclusion.
PART ONE: KEY FINANCIAL CONCEPTS.
Chapter 5: Fixed Assets and Depreciation.
5.1 General Principles—Working Definitions.
Chapter 6: Investment Income, Gains and Losses, and Endowment Funds.
6.1 Accounting Principles.
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PART TWO: FINANCIAL STATEMENT PRESENTATION.
Chapter 11: Accrual-Basis Financial Statements.
11.1 Simple Accrual-Basis Statements.
11.2 Accrual-Basis Statements—Fundraising Organization.
11.3 Accrual-Basis Statements—International Organization.
Chapter 12: Multiclass Financial Statements.
12.2 Preparation of Statement of Cash Flows.
12.3 “Class” Financial Statements Explained.
Appendix 12-A Financial Statements of Not-for-Profit Organizations—Review Points.
PART THREE: ACCOUNTING AND REPORTING GUIDELINES.
Chapter 13: Voluntary Health and Welfare Organizations.
13.2 Accounting for Contributions.
13.3 Accounting for Assets.
13.6 Net Assets.
13.7 Financial Statements.
Chapter 14: Colleges and Universities.
14.1 Authoritative Pronouncements.
14.2 The Principal Financial Statements.
14.3 Accounting Principles.
Chapter 15: The External Financial Statement Reporting Model for Public Colleges and Universities and Other Not-for-Profit Organizations Reporting Under the GASB.
15.7 Footnote Disclosures.
Chapter 16: Health Care Providers.
16.3 Financial Statements.
16.4 Accounting Principles.
Chapter 17: Accounting Standards for Other Not-for-Profit Organizations.
17.1 Accounting Principles.
Chapter 19: The Financial Accounting Standards Board and Future Trends in Not-for-Profit Accounting.
19.2 Trends in Not-for-Profit Accounting.
PART FOUR: CONTROLLING THE NOT-FOR-PROFIT ORGANIZATION.
Chapter 24: Effective Internal Accounting Control for Not-for-Profit Organizations.
24.3 Basic Internal Accounting Control System.
24.4 Specific Nonprofit Internal Accounting Controls.
Chapter 26: Investments.
26.1 Valuing Investments.
26.5 Professional Investment Advice.
PART FIVE: PRINCIPAL FEDERAL TAX AND COMPLIANCE REQUIREMENTS.
Chapter 28: Principal Tax Requirements.
28.5 Private Foundations.
Chapter 29: Audits of Federally Funded Programs.
29.1 Basic Requirements.
Appendix D: Summary of Emerging Issues for Not-for-Profit Organizations in 2005 “NEW”.
Index.

Malvern J. Gross, Jr., was the author of the first edition of this text and a significant contributor to many of the subsequent editions. He is a retired partner of Price Waterhouse (a predecessor to PricewaterhouseCoopers LLP) and a nationally recognized authority on accounting and financial reporting for not for profit organizations. He was chairman of the AICPA Subcommittee on Nonprofit Organizations that wrote the 1978 landmark Statement of Position for Certain Nonprofit Organizations and of the Accounting Advisory Committee to the Commission on Private Philanthropy and Public Needs. He was a member of the committee that wrote the second edition of Standards of Accounting and Financial Reporting for Voluntary Health and Welfare Organizations and a coauthor of the Museum Accounting Handbook. He served as an advisor to the Financial Accounting Standards Board in the early phases of its work on setting accounting standards for not for profit organizations and to the New York State Charities Registration Office, as well as an adjunct professor of accounting at Lehigh University, his alma mater. After retirement from Price Waterhouse he was president of a not for profit organization, the National Aeronautics Association. He now lives in the San Juan Islands off the state of Washington. John H. McCarthy is faculty member at Harvard University's Kennedy School of Government and a principal in its Hauser Center for Nonprofit Organizations. Jack served as the National Leader of PricewaterhouseCoopers' Education & Nonprofit Practice before his retirement from the firm in 2005. He was a co author of the sixth and seventh edition of this text. He also is the co author of Understanding Financial Statements: A Strategic Guide for Independent College & University Boards, published by the Association of Governing Boards of Universities and Colleges (1998), as well as several publications by PricewaterhouseCoopers including: The Changing Role of the Audit Committee: Leading Practices for Colleges, Universities and Other Not for Profit Educational Institutions (2004); A Foundation for Integrity (a 2004 guide for codes of conduct, conflicts of interest and executive compensation); Meeting The Challenges of Alternative Investments (2004); Understanding Underwater Endowment Funds (2003); and Financial Reporting and Contributions: A Decision Making Guide to FASB Nos. 116 117 (1996) among others. He is a CPA who, for 37 years, served PricewaterhouseCoopers' education and not for profit clients, including many of the most prestigious institutions in the United States. He currently serves on several not for profit boards. He is a past president of the Massachusetts Society of CPAs, Inc. (MSCPA) and a two term member of the Governing Council of the AICPA. He has received numerous honors for his involvement in the community. He graduated from Boston College and holds an MBA from the University of Michigan Business School. Nancy E. Shelmon is a senior partner of PricewaterhouseCoopers LLP and is the firm's West Region Leader for the Education and Not for Profit Industry within the United States. She is a frequent speaker at AICPA and state CPA conferences on financial reporting and accounting issues affecting not forprofit organizations and is currently a member of the AICPA Not for Profit Expert Panel. She is currently chair of the Planning Committee for the AICPA's annual Not for Profit Conference. She has been serving education and not for profit clients for over 30 years and has been involved with some of the most widely respected organizations in North America. She serves on the Board of Directors of the Los Angeles Urban League, the California Journal, and Executive Service Corps of Southern California. In addition to being a CPA, she is also a Certified Fraud Examiner. She holds her accounting degree from the University of Minnesota.