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What a Difference Nonprofits Make: A Guide to Accounting Procedures.

What a Difference Nonprofits Make: A Guide to Accounting Procedures

This guide originally was prepared to help accountants who volunteer their time and expertise to the nonprofit sector. It explores differences between the accounting procedures used by for-profit and nonprofit organizations.

The guide contains basic information on subjects such as how an organization obtains tax-exempt status and its annual filing requirements, the responsibilities of board members, financial controls and basic accounting and financial reporting considerations. Internal issues, such as budget preparation, also receive consideration.

Managers and board members of nonprofits should find the guide useful. It also would be a good gift for financially unsophisticated nonprofit clients and helpful as a training aid for staff accountants unfamiliar with nonprofit entities.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Author:Fong, Stephen L.
Publication:Journal of Accountancy
Article Type:Book Review
Date:Jan 1, 1991
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