Академический Документы
Профессиональный Документы
Культура Документы
Accounting for
Not-for-Profit
Organizations
Not-for-Profits: Objectives
1: CATEGORIES OF NOT-
FOR-PROFITS
2: GOVERNMENTAL AND
NONGOVERNMENTAL NOT-
FOR-PROFITS
Follow GASB
Follow FASB
3: ACCOUNTING
PRINCIPLES
Contributions of cash
Contribution revenue
Conditional promise to give
Will be contribution revenue and
receivable when conditions are
substantially met
Unconditional promise to give
Contribution revenue and receivable
when pledged, but is temporarily
restricted (time)
4: VOLUNTARY HEALTH
AND WELFARE
Two entries
Cash collection
Reclassification for expiration of time
restriction
Reclassification accounts are temporary accounts
closed to their respective net asset accounts
Unrestricted:
Patient revenues is net of
Courtesy discounts
Contractual adjustments
Premium (subscriber or capitation) fees
Other operating revenue, tuition, cafeteria,
gift shops, in-room TV/phone
Non-operating gains, gifts and bequests
Temporarily or Permanently restricted:
"T" or "P" restricted support, donated assets,
investments, gifts, bequests
Pearson Education Limited 2015 22-33
Hospital Expenses
Classify by function
Nursing services expense
Other professional expense
General services
Fiscal services
Administrative services
Medical malpractice costs
Provision for bad debts
Depreciation expense
6: COLLEGES AND
UNIVERSITIES