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CONTENTS
VOLUME 1
Volume I has been reorganized to coincide with the guidelines for accounting for not-for-profit organizations in the CICA Handbook sections. In addition to the sections, it also includes an introduction and background information, sample financial statements of NFPOs and a case study.
Volume I includes the following:
The Carswell Auditing and Accounting Library ...............................................
About the Author.................................................................................................
Author’s Acknowledgement ...............................................................................
Acknowledgment of Sources .............................................................................
Exposure Draft for Not-for-Profit Organizations...............................................
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v
v
vii
ix
GETTING STARTED
INTRODUCTION AND BACKGROUND INFORMATION
SECTION 1001
FINANCIAL STATEMENT CONCEPTS FOR NFPOS
SECTION 1101
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES FOR NFPOS
SECTION 1401
GENERAL STANDARDS OF FINANCIAL STATEMENT PRESENTATION FOR
NFPOS
SECTION 1501
FIRST-TIME ADOPTION BY NFPOS
SECTION 3032
INVENTORIES HELD BY NFPOS
SECTION 4400
FINANCIAL STATEMENT PRESENTATION
SECTION 4410
CONTRIBUTIONS: REVENUE RECOGNITION
SECTION 4420
CONTRIBUTIONS RECEIVABLE
SECTION 4431
TANGIBLE CAPITAL ASSETS HELD BY NFPOs
SECTION 4432
INTANGIBLE ASSETS HELD BY NFPOs
SECTION 4440
COLLECTIONS
SECTION 4450
CONTROLLED AND RELATED ENTITIES
SECTION 4460
DISCLOSURE OF RELATED PARTY TRANSACTIONS
SECTION 4470
DISCLOSURE OF ALLOCATED EXPENSES BY NFPOs
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INVESTMENTS AND INVESTMENT INCOME
CASE STUDY
APPENDIX
VOLUME 2
Volume 2 has been reorganized by separating the small NFPOs from the larger NFPOs. Volume 2
contains the following:
Canada Revenue Agency Announcement.......................................................
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CHAPTER 1
INTRODUCTION AND BACKGROUND INFORMATION
CHAPTER 2
SMALL ORGANIZATIONS
CHAPTER 3
LARGE ORGANIZATIONS — OVERVIEW
CHAPTER 4
LARGE ORGANIZATIONS — PROCESSING TRANSACTIONS — REVENUE,
ACCOUNTS RECEIVABLE & CASH RECEIPTS
CHAPTER 5
LARGE ORGANIZATIONS — PROCESSING TRANSACTIONS — PURCHASES
ACCOUNTS PAYABLE & CASH DISBURSEMENTS
CHAPTER 6
LARGE ORGANIZATIONS — PERFORMING MONTH-END PROCEDURES
CHAPTER 7
PROCESSING PAYROLLS
CHAPTER 8
INCOME TAX CONSIDERATIONS — NPOs
CHAPTER 8A
GST/HST INFORMATION FOR NFPOs
CHAPTER 9
INCOME TAX CONSIDERATIONS — CHARITIES
CHAPTER 9A
HST INFORMATION FOR CHARITIES
CHAPTER 10
ASSISTING THE EXTERNAL AUDITORS
CHAPTER 11
SPECIALIZED NFPOs
CHAPTER 12
UNIVERSITIES, COLLEGES AND PRIVATE SCHOOLS
CHAPTER 13
PERFORMING ARTS ORGANIZATIONS
CHAPTER 14
CEMETERIES
CHAPTER 15
CONDOMINIUM CORPORATIONS
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CHAPTER 16
BUDGETING
INDEX
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