Hello,

I would like to get a good coverage of the accounting issues that
surround none profit charity organizations, if possible with a global
sense.

Articals that express these issues might be more attractive as one
reference.

Thank you.

/Lizardnation

Hi, 

After working on your other question and seeing some of your others, I
believe I understand your needs on this one. This page is the best I
found as a good resource for you, and has several links to deeper
levels of information. Some of the links were broken, and I searched
around and found the articles in various areas. Government sites have
been changing and dropping information rapidly of late, the reasons
given are various, but the effect is the same.

Anyway, if this page is not enough for you to get a good
understanding, then let me know and I'll try to find something else
that reaches your level of need. If you do need clarification please
post the areas that this didn't cover for you so I can focus the
searches more accuratly.

Financial Accounting for NPO's
http://www.muridae.com/nporegulation/accounting.html

Some of the links on this page are no longer working, I've located a
few of the pages

OMB Circular A-122
http://www.hhs.gov/grantsnet/otherresources/archive/a122.html

OMB Circular A-122, Cost Principles for Non-Profit Organizations
http://www.whitehouse.gov/omb/circulars/a122/a122.html


Unrelated Business Income Taxes for Non Profits
http://web.archive.org/web/19990427152552/http://www.kycpa.org/Small+Biz+Articles/ubit.htm
(found on the wayback machine)


Other page/website
Your Complete Guide to Nonprofit Accounting Software
http://www.nfpaccounting.com/tutorial.htm
That one may be a little simplistic for you. 

Google Searches
NonProfit +Accounting +Global
"Fund Accounting" +NonProfit +Global  \.gov
"Fund Accounting" +NonProfit +Global filetype:htm
"Fund Accounting" +NonProfit +Global filetype:pdf
"Fund Accounting" +NonProfit +Global filetype:doc
"Fund Accounting" +NonProfit +Global filetype:html
"Fund Accounting" +NonProfit +Global filetype:html -software -courses
... and lots more

thanks, 

webadept-ga

---

Request for Answer Clarification by lizardnation-ga on 12 Jan 2003 02:45 PST

Hello Webadept,

Thank you for the answer, I'm reviewing it and shall get back to you
if I need clarifications. :-)

One note, I couldn't get to
http://web.archive.org/web/19990427152552/http://www.kycpa.org/Small+Biz+Articles/ubit.htm
for some reason, may I trouble you to paste the contents here?

Thank you.

/Lizardnation

---

Request for Answer Clarification by lizardnation-ga on 12 Jan 2003 03:23 PST

Hi again,

Wouldn't there be articles on the issue or surrounding it in
periodicals that touch upon this issue? :-)

/Lizardnation

---

Clarification of Answer by webadept-ga on 12 Jan 2003 04:35 PST

Try it at this location
http://www.lucidmatrix.com/uploads/ubitaxnp.html

I appreciate the all around answer which covered my expressed needs.  :-)

/Lizardnation

It's a big subject, deserving of a full-scale college-level advanced
accounting course, so I'm not going to try to do Web research from
square one on it. In a nutshell, though, most of US nonprofit
accounting is the same as ordinary US for-profit accounting, so you
have to start with a good understanding of that. The biggest
difference is that nonprofits usually use "fund accounting" to
disclose the degree to which their resources are dedicated to specific
uses. This often comes about when a donor specifies that her donation
can be used only as an endowment, or to build a building, or to
provide scholarships for certain kinds of students at an educational
institution, giving rise to restricted funds. In the US, the Internal
Revenue Service also requires that nonprofits allocate all expenses
into one of three "functional" categories for reporting to the public:
program expenses, fundraising expenses, and administrative expenses.
Under generally-accepted accounting principles (GAAP), nonprofits do
have a few other unique things to consider. One is that a substantial
amount of income can come from donations, and that gives rise to
questions about exactly when a donation is to be recognized as
revenue. Receiving a check in the mail is simple, but donations can
also be "pledged", and in some cases pledged donations are recognized
when the pledge is made and in some cases they are not. There are
several published Financial Accounting Standards that, in my opinion,
are very important in preparing and understanding most nonprofit
financial statements. The most important is Statement No. 117,
"Financial Statements of Not-for-Profit Organizations", issued in
6/93. You can read a summary at
http://www.fasb.org/st/summary/stsum117.shtml  After that come
Statement No. 116, "Accounting for Contributions Received and
Contributions Made", issued in 6/93, with a summary at
http://www.fasb.org/st/summary/stsum116.shtml  and Statement No. 124,
"Accounting for Certain Investments Held by Not-for-Profit
Organizations", issued in 11/95, with a summary at
http://www.fasb.org/st/summary/stsum124.shtml  There are others. You
can look for other statements that address nonprofits on the Web site
of the Financial Accounting Standards Board (FASB), at
http://www.fasb.org/

Hello highroute,

Thank you for the comment and it's a shame you won't because your
style is pretty clear and easy to digest and I would love to see you
at least try? :-)

/Lizardnation