Appendix 43 Internet Resources
Alliance for Nonprofit Management,
Frequently Asked Questions about
The American Institute of Philanthropy http:/www.charitywatch.org
Better Business Bureau Wise Giving http:/www.give.org
Governmental Nonexchange Transactions
GASB #33 Accounting and Financial Reporting for Nonexchange Transactions
1. Nonexchange transaction a government gives or receives value without directly
receiving or giving equal value in r
GASB #53 Accounting and Financial Reporting for Derivative Instruments
1. Derivative instruments are complex financial instruments that may expose a
governmental organization to a number of risks.
a. Such risks relate to but not l
GASB #51 Accounting and Financial Reporting for Intangible Assets
A. Intangible assets are defined as assets that possess all the following characteristics:
1. Lacks physical substance.
2. Nonfinancial in nature.
3. Initial useful life extendin
Fact Sheet about Fund Balance Reporting
and Governmental Fund Type Definitions
1. Why has the GASB issued new standards for reporting fund balance?
The GASB issued Statement No. 54, Fund Balance Reporting and Governmental Fund Type
Definitions, to address
GASB #54 - Fund Balance Reporting and Governmental Fund Type Definitions
A. Issued February 2009.
1. Effective for fiscal periods beginning after June 15, 2010.
2. Early implementation is encouraged.
3. Fund balance reclassifications made to
GASB #57 OPEB Measurements by Agent Employers
and Agent Multiple-Employer Plans
A. Addresses issues related to the use of the alternative measurement method and the
frequency and timing of measurements by employers that participate in age
GASB #58 Accounting and Financial Reporting for Chapter 9 Bankruptcies
A. Provides accounting and financial reporting guidance for governments that have
petitioned for protection from creditors by filing for bankruptcy under Chapter 9 of
GASB #61 Financial Reporting Entity
I. Changes to GASB #14 and #34.
A. Modifies certain requirements for inclusion of component units in the financial reporting entity.
1. For organizations that previously were required to be included as component units b
GASB #60 Accounting and Financial Reporting
for Service Concession Arrangements
A. Addresses service concession arrangements (SCAs), which are a type of public-private
or public-public partnership.
1. Public-private partnership is used to
GASB #63-Financial Reporting of Deferred Outflows of Resources,
Deferred Inflows of Resources, and Net Position
1. Issued in June 2011.
2. Purpose is to provide financial reporting guidance to deferred outflows of resources
GASB #56 Codification of Accounting and Financial Reporting Guidance
Contained in the AICPA Statements on Auditing Standards.
1. Issued March 2009.
2. Effective upon issuance.
B. Objective of this statement is to incorporate
Copyright American Institute of Certified Public Accountants, Inc. All.
1 of 54
ACC Section 10,730
Statement of Position 98-2 Accounting for Costs of Activities of Not-for-Profit
Transfers of Assets to a Not-For-Profit Organization or
Charitable Trust that Raises or Holds Contributions for Others
A. FASB #136 establishes standards for
1. Transactions in which a donor makes a contribution by transferring assets to a
Executive Order: Responsibilities of the Department of Homeland Security with Respect t. Page 1 of 2
For Immediate Release
Office of the Press Secretary
March 7, 2006
Executive Order: Responsibilities of the Department of Homeland Security with Respect
Executive Order: Establishment of White House Office of Faith-Based and Community I.
Page 1 of 2
For Immediate Release
Office of the Press Secretary
January 29, 2001
Establishment of White House Office of Faith-Based and Community Initiati
Accounting for Health Care Entities
I. Recent ASC updates.
A. 2010-24 - Presentation of insurance claims and related insurance recoveries - Health Care
Entities - Topic 954
1. Purpose is to improve the comparability of accounting for medical malpractice c
Financial Statements for Not-For-Profit
A. Basic financial statements.
1. Statement of financial position.
2. Statement of activities.
a. Statement of functional expenses (VHWO only).
3. Statement of cash flows.
4. Notes to financial state
Accounting for Colleges and Universities
A. Government v. Nongovernment.
1. GASB v. FASB.
B. Accounting procedures.
1. Fund accounting v. entity-wide accounting.
2. Revenue recognition.
3. Expenditure v. expense.
4. Financial Reporting.
Accounting for Contributions Received and Contributions Made
1. Applies to contributions of cash or other assets.
2. Does not apply to transfers of assets that are in substance purchase of goods or services.
3. Does not apply to
Governance and Related Topics - 501(c)(3) Organizations
The Internal Revenue Service believes that a well-governed charity is more likely to
obey the tax laws, safeguard charitable assets, and serve charitable interests than one
with poor or lax governanc
Health Research Institute
Behind the Numbers*
Medical Cost Trends for 2009
Table of contents
Recent trends to 2008
Looking ahead to 2009 Flat growth trend expected
Not-for-profit healthcare, higher education
and other not-for-profit organizations
Impact of FAS 157 on
A guide for not-for-profit organizations
This publication has been prepared for general information on ma
Chap 1 Quiz
Part 1 of 1 -
Question 1 of 10
Recognizing revenues when measurable and available for paying current obligations
and expenditures when incurred describes which basis of accounting?