Accounting practices of private sector not-for-profit organizations are influenced by two AICPA audit and accounting guides: Not-for-Profit Organizations and Health Card Organizations.
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Q1: The GASB has the authority to establish
Q1: Voluntary health and welfare organizations promote the
Q13: Not-for-profit organizations are required to present a
Q15: Country clubs and labor unions are not
Q16: Not-for-profit organizations are not required to record
Q25: Expenses must be presented separately in the
Q26: Donated fixed assets that have not yet
Q30: Net Assets must be presented separately in
Q32: Assets that are restricted by an organization's
Q33: Revenues must be presented separately in the
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