A hands-on guide to the ins and outs of nonprofit accounting

Not-for-Profit Accounting Made Easy, Second Edition equips you with the tools you need to run the financial and accounting operations within your nonprofit organization. Even if you do not have a professional understanding of accounting principles and financial reporting, this handy guide makes it all clear with complex accounting rules explained in terms nonaccountants can easily understand in order to help you better fulfill your managerial and fiduciary duties. Always practical and never overtechnical, this helpful guide conforms to FASB and AICPA standards and:

• Discusses federal single audit and its impact on nonprofits

• Offers examples of various types of split-interest agreements

• Shows you how to read and understand a nonprofit financial statement

• Explains financial accounting and reporting standards

• Helps you become conversant in the rules and principles of accounting

• Updates board members, executive directors, and other senior managers on the accounting basics they should know for day-to-day operations

• Features tables, exhibits, and charts that illustrate the content in a simple and easy-to-understand manner