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Wiley Not-for-Profit GAAP 2014: Interpretation and Application of Generally Accepted Accounting Principles
Wiley NotforProfit GAAP 2014 Interpretation and Application of Generally Accepted Accounting Principles Author:Richard F. Larkin, Marie DiTommaso Wiley Not-for-Profit GAAP annual is a comprehensive accounting and financial reporting guide for use by not-for-profit organizations and their auditors in preparing financial statements in accordance with generally accepted accounting principles (GAAP). The Financial Accounting Standards Board (FASB) defines nonprofit organizations as entities t... more »hat possess the following characteristics not typically found in business enterprises: 1) They receive contributions of significant resources from resource providers who do not expect a commensurate or proportionate monetary return. 2) They operate for purposes other than to make a profit and 3) There is an absence of ownership interests like those of business enterprises.« less