How to Read Nonprofit Financial Statements

How to Read Nonprofit Financial Statements: A Practical Guide
 Contents
 Preface
 Learning Objectives
 Introduction
 Chapter 1: Why You Need to Understand the Update to the Nonprofit Reporting Model
 Chapter 2: Why Update the Nonprofit Reporting Model?
 Chapter 3: Highlights of the Major Changes to the Nonprofit Reporting Model
 Net Asset-Related Changes
 Update to Net Asset Presentation
 Disclosures of Board-Designated Net Assets
 Update to Presentation of Underwater Endowments
 Expirations of Capital Restrictions
 Expense Reporting-Related Changes
 Investment Return-Related Changes. Liquidity and AvailabilityOperating Measure
 Cash Flow Statement
 Summary of Provisions
 ASU Provisions with an Accounting Effect
 Effective Date of ASU
 Chapter 4: What Is the Purpose of Financial Statements?
 Chapter 5: Types of Financial Statements
 Chapter 6: How to Read a Nonprofit Financial Statement
 Chapter 7: Statement of Financial Position
 Steps to Analyze the Statement of Financial Position
 Chapter 8: Statement of Activities
 Steps to Analyze the Statement of Activities
 Chapter 9: Statement of Cash Flows
 Steps to Analyze the Statement of Cash Flows. Chapter 10: Statement of Functional ExpensesSteps to Analyze the Statement of Functional Expenses
 Chapter 11: Footnotes to Financial Statements
 Chapter 12: Internal versus External (Audited) Financial Statements
 Organization Management Statements
 Audited Financial Statements
 Chapter 13: The Independent Auditor\'s Report
 What It Does (and Does Not) Mean to Be ``Clean
́́ A Clean Opinion Always Contains the Same Information
 Chapter 14: Other Types of Auditor Opinions
 Chapter 15: Supplemental Information
 Chapter 16: Reserves
 Contextual Issues
 Common Calculations of Reserves. A More Precise and Conservative Definition of ReservesFinancial Assets
 Chapter 17: Financial Statement Exercises
 Chapter 18: Example Set 1
 Exercise 1A: Working with Financial Statements
 Exercise 1A: Answers
 Exercise 1B: Working with Financial Statements
 Exercise 1B: Answers
 Chapter 19: Example Set 2
 Exercise 2A: Working with Financial Statements
 Exercise 2A: Answers
 Exercise 2B: Working with Financial Statements
 Exercise 2B: Answers
 Chapter 20: Example Set 3
 Exercise 3A: Working with Financial Statements
 Exercise 3A: Answers
 Exercise 3B: Working with Financial Statements. Exercise 3B: AnswersChapter 21: Financial Analysis
 Ratio Analysis
 Going Beyond the Ratios
 Chapter 22: Benchmarking
 Types of Benchmarking
 Chapter 23: Increasing Complexity in Nonprofit Financial Reporting
 New Pronouncements Affecting Nonprofit Financial Statements
 ASU 2014-09, Revenue from Contracts with Customers (Topic 606)
 ASU 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosures of Uncertainties about an Entity\'s Ability to Continue as a Going Concern.