Dicussion

“Form and Content of Not-for-Profit Financial Statements”  Please respond to the following:

  • In Chapter 12 of the textbook, we explore the form and content requirements of financial statements of not-for-profit entities, as described by Financial Accounting Standards Board (FASB) Statement No. 117.
    • Identify and research one (1) not-for-profit organization and provide the Web link to the most recent financial report of the organization.  The organization identified should include business and investment activities.
    • Contrast the treatment of business type activities in the financial report of the not-for-profit entities and governments.
    • Identify one (1) significant difference in accounting for investments by the not-for-profit and the for profit business.
 
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