About this Book

NEW Revised & Expanded 3rd Edition with FASB & OMB Standards Updates, Fund Accounting Methods, and Computer System Design. A simple, yet complete (and very readable) guide to nonprofit accounting and financial statement reporting. Teaches how money enters the organization as contributions & gifts, grants & contracts, and program services revenue and then exits the organization as expenses or capital purchases. Shows how nonprofit financial transactions are recorded and how summaries are prepared and presented to stakeholders. No prior accounting knowledge is required. Immensely helpful information made accessible in an informal and witty way. An accounting book that is actually as enjoyable as it is useful!