Not-for-Profit Entities: Checklists and Illustrative Financial Statements

Overcome the complexities of financial statement preparation using disclosure checklists developed by the AICPA. AICPA Checklists and Illustrative Financial Statements for the not-for-profit entities identify the applicable reporting requirements that you need to know and apply.

Whether you are preparing financial statements or auditing, reviewing, or compiling those financial statements, you’ll find the most comprehensive U.S. GAAP disclosure guidance available and, new in this edition, updated illustrative financial statements and auditor’s reports. You can document the applicability of each requirement and reference the working papers where the support to a disclosure can be found. Completely updated to include references to FASB Accounting Standards Codification™, these checklists provide one comprehensive source for the required and recommended U.S. GAAP disclosures.

The checklists have been updated to reflect authoritative pronouncements and interpretations issued as of April 30, 2011, including:

• Accounting Standards Update No. 2010-20, Receivables (Topic 310): Disclosures About the Credit Quality of Financing Receivables and the Allowance for Credit Losses
• Accounting Standards Update No. 2010-07, Not-for-Profit Entities (Topic 958): Not-for-Profit Entities: Mergers and Acquisitions
• Accounting Standards Update No. 2009-12, Fair Value Measurements and Disclosures (Topic 820): Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)