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EXPERT GUIDANCE ON HOW TO READ INTERPRET AND USE NONPROFIT FINANCIAL STATEMENTSUPDATED TO INCLUDE THE NEW FASB STANDARD FOR NONPROFIT FINANCIAL REPORTING Whether youre a nonprofit executive unfamiliar with the language of financial statements or a seasoned pro this book is the only guide youll need to correctly interpret those critical documents refresh your skills and familiarize yourself with the new FASB nonprofit reporting standards The intent behind the recent FASB accounting standards update was to improve the clarity and usefulness of nonprofit financial statements But making sense of those statements can still be tough for the uninitiated Accountants and nonaccountants who use and prepare nonprofit financial statements need guidance on how to interpret and implement these new FASB standards Written for both audiences this book Clearly defines accounting terminology and concepts while offering numerous examples of financial statements reflecting both the old and new FASB standards Steers you linebyline through financial reports providing indepth explanations of the differences between the old and new standards Provides numerous illustrations to help you quickly feel at home with the format of nonprofit financial statements Offers exercises to help you gain insight into the core concepts of nonprofit financial statements and reinforce your command of those concepts In addition to the new FASB standards this expanded edition includes A new chapter on reserves a longstanding challenge for nonprofits A new section on general financial analysis outlining what financial statement readers should look for to stay informed and satisfy their responsibility regardless of their role A new chapter on benchmarking to help nonprofits measure performance against industry peers How to Read Nonprofit Financial Statements Third Edition is an invaluable resource for anyone who reads interprets or prepares these allimportant documents
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A digital copy of How to Read Nonprofit Financial Statements A Practical Guide by Andrew S Lang and William D Eisig Download is immediately available upon purchase
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EXPERT GUIDANCE ON HOW TO READ INTERPRET AND USE NONPROFIT FINANCIAL STATEMENTSUPDATED TO INCLUDE THE NEW FASB STANDARD FOR NONPROFIT FINANCIAL REPORTING Whether youre a nonprofit executive unfamiliar with the language of financial statements or a seasoned pro this book is the only guide youll need to correctly interpret those critical documents refresh your skills and familiarize yourself with the new FASB nonprofit reporting standards The intent behind the recent FASB accounting standards update was to improve the clarity and usefulness of nonprofit financial statements But making sense of those statements can still be tough for the uninitiated Accountants and nonaccountants who use and prepare nonprofit financial statements need guidance on how to interpret and implement these new FASB standards Written for both audiences this book Clearly defines accounting terminology and concepts while offering numerous examples of financial statements reflecting both the old and new FASB standards Steers you linebyline through financial reports providing indepth explanations of the differences between the old and new standards Provides numerous illustrations to help you quickly feel at home with the format of nonprofit financial statements Offers exercises to help you gain insight into the core concepts of nonprofit financial statements and reinforce your command of those concepts In addition to the new FASB standards this expanded edition includes A new chapter on reserves a longstanding challenge for nonprofits A new section on general financial analysis outlining what financial statement readers should look for to stay informed and satisfy their responsibility regardless of their role A new chapter on benchmarking to help nonprofits measure performance against industry peers How to Read Nonprofit Financial Statements Third Edition is an invaluable resource for anyone who reads interprets or prepares these allimportant documents
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NEW 2nd EDITION with 2017 FASB Accounting Standards UpdateA simple yet complete and very readable guide to nonprofit accounting and financial statement reporting Teaches how money enters the organization as contributions amp gifts grants amp contracts and program services revenue and then exits the organization as expenses or capital purchases Shows how nonprofit financial transactions are recorded and how summaries are prepared and presented to stakeholders No prior accounting knowledge is required Immensely helpful information made accessible in an informal and witty way An accounting book that is actually as enjoyable as it is useful Also see the authors 60page FULL COLOR companion book for neophytes A Picture Book of Nonprofit Accounting Statements also available on Amazon
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NEW 60PAGE FULL COLOR BOOKA simple visual guide to nonprofit financial statements No prior accounting knowledge necessary All in pictures Short and sweet way to learn about nonprofit financial statements For the neophyte Accounting is just recording every event transaction that has financial impact on the organizationmoney that comes in and money that goes out The four main financial statements of a nonprofit organization summarize and document all these transactions often millions of them Statement of Activities Statement of Financial Position Statement of Cash Flows and Statement of Functional Expenses This book will give everyone involved with nonprofit organizations enough financial understanding to review the financial statements and ask questions necessary to fulfill their fiduciary duty to their organization
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Quickly learn how to read and understand nonprofit financial statements with this essential reference Whether youre a volunteer leader or an executive with new budgetary responsibilities this book will walk you linebyline through the financial reports key to every nonprofit organization including the statements of Financial Position Activities and Cash Flow If reviewing financial statements is required to fulfill your responsibility to your organization this book is a musthave resource
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This accessible book presents conceptual background and analysis tools for understanding and interpreting financial statements while emphasizing financial statement evaluation and using them for business decisionmakingThis book helps readers think and reason through complex realworld situations while emphasizing solutions for unstructured problems using accounting information for decisionmaking Devoting individual chapters to different financial statements it communicates complex financial accounting and disclosure issues in precise language avoiding unnecessary detail Presents the financial statements annual reports of actual companies Incorporates new requirements and changes in accounting and reporting standards The fifth edition of Understanding Financial Statements has been updated to include new requirements and changes in accounting reporting and standards as well as proposed changes that may affect financial reporting in the future Provides additional cases which allow readers to explore practical and realistic applications of concepts and analytical tools throughout the book
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Fraser and Ormiston take readers behind the financial reports to assess the real financial condition and performance of US companies Understanding Financial Statements retains its reputation for readability concise coverage and accessibility and gives readers the conceptual background and analytical tools necessary to understand and interpret business financial statements Its ultimate goal is to improve readers ability to translate financial statement numbers into a meaningful map for business decisions and enable each reader to approach financial statements with enhanced confidence
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Everything you always wanted to know about those confusing financial statements but were too embarrassed to ask This friendly primer of basic business finances takes you stepbystep through all the fundamentals from balance sheets to profit and loss statementsand translates them into meaningful usable information A beginners bible
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A comprehensive reference tool for those interested in understanding and interpreting financial statements through a text that prides itself in readability concise coverage and accessibility KEY TOPICS Financial Statements An Overview The Balance Sheet Income Statement and Statement of Stockholders Equity Statement of Cash Flow A Guide to Earnings and Financial Reporting Quality The Analysis of Financial Statements MARKET The text gives readers the conceptual background and analytical tools necessary to understand and interpret business financial statements
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