The most practical, authoritative guide to not-for-profitGAAPWiley Not-for-Profit GAAP 2012 is a comprehensive,easy-to-use guide to the accounting and financial reportingprinciples used by not-for-profit organizations. Written with theneeds of the financial statement preparer, user, and attestor inmind, this guide provides a complete review of the authoritativeaccounting literature that impacts all types of not-for-profitorganizations. At the same time, Wiley Not-for-Profit GAAP2012 features many examples and illustrations that will assistprofessionals in applying authoritative literature to real-lifesituations.* Easy-to-use information that enables users to find neededinformation quickly* Coverage of accounting principles specifically related tonot-for-profit organizations, as well as accounting principlesapplicable to all types of organizations* Specific coverage of accounting issues for different types ofnot-for-profit organizations* A disclosure checklist that helps financial statement preparersand attestors ensure that all disclosures required by GAAP havebeen considered* Flowcharts, diagrams, and charts, wherever possible, to helpfacilitate the user's understanding of the material presentedDestined to become the reference you keep at your side, WileyNot-for-Profit GAAP 2012 strives to be a thorough, reliablereference that nonprofit accounting professionals will useconstantly.

Preface viiAbout the Authors ixNot-for-Profit Accounting Literature xiPart 1 Overview of Not-for-Profit OrganizationsChapter 1 Overview of Not-for-Profit Organizations 3Chapter 2 Cash versus Accrual Basis Accounting 9Part 2 Basic Financial StatementsChapter 3 Statement of Financial Position 21Chapter 4 Statement of Activities 27Chapter 5 Statement of Cash Flows 37Chapter 6 Other Financial Statement Issues 51Part 3 Specific Not-for-Profit Accounting TopicsChapter 7 Fund Accounting 73Chapter 8 Net Assets 85Chapter 9 Contributions, Pledges, and Noncash Contributions93Appendix A Checklist 120Appendix B Checklist 122Appendix C Checklist 124Appendix D Checklist 126Appendix E Checklist 128Appendix F Checklist 131Appendix G Checklist 135Chapter 10 Investments 137Chapter 11 Affiliated Organizations 159Appendix A Checklist 180Chapter 12 Split-Interest Agreements 183Chapter 13 Fund-Raising and Joint Costs 195Appendix A Checklist 207Chapter 14 Functional Reporting 209Chapter 15 Collections 215Part 4 Other Accounting-Related Not-for-Profit TopicsChapter 16 Accounting for Specific Types of Not-for-Profits221Associations and Professional Societies 222Churches 224Clubs 225Libraries 227Museums 227Performing Arts Organizations 228Private Foundations 230Religious Organizations other than Churches 232Research and Scientific Organizations 233Private Elementary and Secondary Schools 234Public Broadcasting Systems 235Chapter 17 Importance of Budgets to a Not-for-Profit 237Chapter 18 Principal Federal and State Tax Reporting andRegulatory Requirements 257Part 5 General Accounting Topics Applied to Not-for-ProfitOrganizationsChapter 19 Current Assets and Current Liabilities 315Chapter 20 Inventory 323Chapter 21 Long-Lived Assets, Depreciation, and Impairment333Chapter 22 Intangible Assets 347Chapter 23 Contingencies 355Chapter 24 Mergers and Acquisitions 369Chapter 25 Accounting for Pensions and Postretirement Benefits387Chapter 26 Long-Term Liabilities 427Chapter 27 Accounting Changes 445Chapter 28 Accounting for Leases 453Chapter 29 Financial Instruments 489Chapter 30 Capitalization of Interest Costs 503Appendix: Disclosure Checklist 509Index 539