Analyze the selected not-for-profit financial statements

Assignment Help Accounting Basics

Reference no: EM131882135

Assignment 2: Non-for-Profit Financial Reporting Review

Select one (1) not-for-profit organization in an area of interest to you and review the financial statements and audit report for the organization. The financial statements and audit report of the not-for-profit organization should be readily and publically available on an active Website.

Write a three to five (3-5) page paper in which you:

1. Analyze the selected not-for-profit's financial statements to determine if the statements conform to Financial Accounting Standards Board (FASB) guidance in Statement No. 117, Financial Statements of Not-for-Profit Organizations (FASB ASC 958-205-45). Explain the selected organization's use of the three (3) fund categories. Recommend at least two (2) areas of potential interest to the stakeholder concerning the status of revenue and expenses.

2. Analyze the organization's statement of cash flows. Explain the format that the organization utilizes, including any unique areas of emphasis that differ from-GAAP accounting format.

3. Compare the organization's reporting of pledges and contributions to its reporting of exchange transactions. Discuss the funds that are utilized.

4. Assess the fiscal condition of the selected organization utilizing and interpreting ?nancial indicators, using ?nancial ratios that are widely accepted as being indicative of ?scal health. This assessment should also be expanded to include fund-raising analysis, program review, contributions, and grant analysis and revenue analysis.

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

• Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

• Assess the accounting and financial reporting requirements for not-for-profit organizations.

• Use technology and information resources to research issues in government and not-for-profit accounting.

• Write clearly and concisely about government and not-for-profit accounting using proper writing mechanics.

Reference no: EM131882135

Questions Cloud

Find all strategy profile which survive iterated elimination : In the matrix you created in (b), find all strategy profiles which survive iterated elimination of strictly dominated strategies.

Describe a legal or regulatory responsibility you have : What effects would it have e.g. on people, the organisation and/or the environment? Describe a legal or regulatory responsibility you have.

Apply struct for reading packet data : Topic: Python 3 - PCAP file analysis - Apply struct for reading packet's data, extract and hash the ICMP data portion of the packet

Discuss the advantages of understanding accounting : Discuss the advantages of understanding accounting as it relates to your current or future position.

Analyze the selected not-for-profit financial statements : Analyze the selected not-for-profit's financial statements to determine if the statements conform to Financial Accounting Standards Board (FASB) guidance.

What is the company cost of preferred stock : The stock would pay a constant annual dividend of $3.50 per share. If the firm's marginal tax rate is 40%, what is the company's cost of preferred stock?

Common equity firm plans to raise funds for future projects : The firm's target capital structure is the mix of debt, preferred stock, and common equity the firm plans to raise funds for its future projects.

Discuss about topic of interest in organizational behavior : Select a topic of interest in organizational behavior that you would like to explore with additional research (must use at least five references).

How public policy decisions affect the receipt of revenues : Analyze that local government's revenues and possible funding options for the chosen public policy.

User Account

All Pages