ACC 460 Week 4 Not-for-Profit Financial Reporting Paper
Analyze the financial statements and audit report of a not-for-profit organization readily and publically available on an active website.
Create a 700- to 1,050-word overview of one not-for-profit organization in an area of interest to your team and review the financial statements and audit report for the organization.
Address the following:
Evaluate how the selected not-for-profit’s financial statements conform to Financial Accounting Standards Board (FASB) guidance in Statement No. 117, Financial Statements of Not-for-Profit Organizations.
Compare the organization’s reporting of pledges and contributions to its reporting of exchange transactions. How should they be recorded and subsequently reported in the financial statements.
Explain the impact if your not-for-profit confers excess economic benefits on disqualified persons.
ACC 460 Week 4 Ch. 13 Exercise: Recording Revenue and Related Expense Transactions
Complete the following questions in Exercise 13-20, p. 570: 1-5
ACC 460 Week 4 Ch. 13 Multiple Choice Assignment
Complete the multiple choice questions in Exercise 13-14, p. 563: 1-10
ACC 460 Week 4 Ch. 14 Questions Assignments
Complete questions 14-1 and 14-4 in approximately 30 to 90 words each.