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Chapter+1+HW+Solutions+to+Cases

Chapter+1+HW+Solutions+to+Cases - Chapter 1 HW Solutions to...

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Chapter 1 HW Solutions to Cases 1. A search of the FASB’s Web site, www.fasb.org , should reveal the following Statements of Financial Accounting Standards that are focused on not-for-profit organizations: Statement No. 136 Transfers of Assets to a Not-for-Profit Organization or Charitable Trust That Raises or Holds Contributions for Others (Issue Date 6/99) Statement No. 124 Accounting for Certain Investments Held by Not-for-Profit Organizations (Issue Date 11/95) Statement No. 117 Financial Statements of Not-for-Profit Organizations (Issue Date 6/93) Statement No. 116 Accounting for Contributions Received and Contributions Made (Issue Date 6/93) Statement No. 99 Deferral of the Effective Date of Recognition of Depreciation by Not-for-Profit Organizations—an amendment of FASB Statement No. 93 (Issue Date 9/88) Statement No. 93 Recognition of Depreciation by Not-for-Profit Organizations (Issue Date 8/87) In addition, the FASB has issued one Statement of Financial Accounting Concepts related to not-for-profit organizations:
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Ch. 1, Solutions, Case 1-1 (Cont’d) Concepts Statement No. 4 Objectives of Financial Reporting by Nonbusiness Organizations (Issue Date 12/80) Brief summaries of each statement are also provided at the Web site.
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  • Summer '11
  • TRAX
  • International Financial Reporting Standards, Non-profit organization, Non-governmental organization, Financial Accounting Standards Board

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