Non Profit Accounting March 2016

Transcript of Non Profit Accounting March 2016

NON-PROFIT

ACCOUNTING

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I n t h i s s e c t i o n w e w i l l c o v e r :

Terminology

TerminologySimilarities

TerminologySimilaritiesDifferences

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VHWOVoluntary Health and Welfare Organization

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STATEMENTOF

FUNCTIONALEXPENSES

MANDATORYFORVHWO

SIMILARITYFINANCIALREPORTINGFORMAT

F O R P R O F I TBalance Sheet

Income StatementCash Flows

N O N - P R O F I TFinancial Position

ActivitiesCash Flows

OPERATINGFINANCINGINVESTING

DIFFERENCE

Equity Section

DIFFERENCE

Net Position

NET POS IT IONUnrestrictedTemporarilyPermanently

R e c a p o f w h a t w e c o v e r e d :

VHWO needs a statement offunctional expenses

VHWO needs a statement offunctional expensesSimilar financial reportingframework

VHWO needs a statement offunctional expensesSimilar financial reportingframeworkThere are differences

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Non Profit Accounting March 2016

Education

Transcript of Non Profit Accounting March 2016

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