Due Week 9 and worth 240 points
Select one (1) not-for-profit organization in an area of interest to you and
review the financial statements and audit report for the organization. The
financial statements and audit report of the not-for-profit organization should
be readily and publically available on an active Website.
Write a three to five (3-5) page paper in which you:
1.
Analyze the selected not-for-profit’s financial statements to determine if
the statements conform to Financial Accounting Standards Board (FASB) guidance
in Statement No. 117, Financial Statements of Not-for-Profit Organizations
(FASB ASC 958-205-45). Explain the selected organization’s use of the three (3)
fund categories. Recommend at least two (2) areas of potential interest to the
stakeholder concerning the status of revenue and expenses.
2.
Analyze the organization’s statement of cash flows. Explain the format that
the organization utilizes, including any unique areas of emphasis that differ
from-GAAP accounting format.
3.
Compare the organization’s reporting of pledges and contributions to its
reporting of exchange transactions. Discuss the funds that are utilized.
4.
Assess the fiscal condition of the selected organization utilizing and
interpreting ?nancial indicators, using ?nancial ratios that are widely
accepted as being indicative of ?scal health. This assessment should also be
expanded to include fund-raising analysis, program review, contributions, and
grant analysis and revenue analysis.
Your assignment must follow these formatting
requirements:
·
Be typed, double spaced, using Times New Roman font (size 12), with
one-inch margins on all sides; citations and references must follow APA or
school-specific format. Check with your professor for any additional
instructions.
·
Include a cover page containing the title of the assignment, the student’s
name, the professor’s name, the course title, and the date. The cover page and
the reference page are not included in the required assignment page length.
The specific course learning outcomes associated
with this assignment are:
·
Assess the accounting and financial reporting requirements for
not-for-profit organizations.
·
Use technology and information resources to research issues in government
and not-for-profit accounting.
·
Write clearly and concisely about government and not-for-profit accounting
using proper writing mechanics.
