Book by Lang, Andrew S., Rocha, Laurie A.

How to Read Nonprofit Financial Statements

Lang, Andrew S.

Rocha, Laurie A.

Business & Money

Amer Society of Assn Executives

This guide for senior staff describes the goals, process, and products of an audit. It also describes the various types of audits, offers advice on when an audit is needed, and shows how to select and evaluate an auditor. Materials such as checklists, an evaluation matrix, a sample engagement letter, and sample reports are also included. Lang and Eisig are both Certified Public Accountants. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Association Audits from A to Z: A Guide for Executives

Eisig, William D.

As a member of an association's governing board, you have a responsibility to know the organization's financial position, its sources of income, and how it has used its resources. A properly planned and conducted independent audit will tell you if the declarations made by the organization are accurate. Is your organization doing it right? This primer provides board members with the how's and whys of association audits.

Association Audits from A to Z: A Guide for Volunteer Leaders

Financial Responsibilities of Nonprofit Boards

Management & Leadership

Natl Center for Nonprofit Boards

EXPERT GUIDANCE ON HOW TO READ, INTERPRET, AND USE NONPROFIT FINANCIAL STATEMENTS―UPDATED TO INCLUDE THE NEW FASB STANDARD FOR NONPROFIT FINANCIAL REPORTING Whether you’re a nonprofit executive unfamiliar with the language of financial statements or a seasoned pro, this book is the only guide you’ll need to correctly interpret those critical documents, refresh your skills and familiarize yourself with the new FASB nonprofit reporting standards. The intent behind the recent FASB accounting standards update was to improve the clarity and usefulness of nonprofit financial statements. But making sense of those statements can still be tough for the uninitiated. Accountants and non-accountants who use and prepare nonprofit financial statements need guidance on how to interpret and implement these new FASB standards. Written for both audiences, this book: <ul>
<li>Clearly defines accounting terminology and concepts, while offering numerous examples of financial statements reflecting both the old and new FASB standards</li> </ul>
<ul>
<li>Steers you, line-by-line, through financial reports, providing in-depth explanations of the differences between the old and new standards</li> </ul>
<ul>
<li>Provides numerous illustrations to help you quickly feel at home with the format of nonprofit financial statements</li> </ul>
<ul>
<li>Offers exercises to help you gain insight into the core concepts of nonprofit financial statements and reinforce your command of those concepts</li> </ul>
In addition to the new FASB standards, this expanded edition includes: <ul>
<li>A new chapter on reserves, a long-standing challenge for nonprofits</li> </ul>
<ul>
<li>A new section on general financial analysis, outlining what financial statement readers should look for to stay informed and satisfy their responsibility regardless of their role</li> </ul>
<ul>
<li>A new chapter on benchmarking to help nonprofits measure performance against industry peers</li> </ul>
How to Read Nonprofit Financial Statements, Third Edition is an invaluable resource for anyone who reads, interprets, or prepares these all-important documents.

How to Read Nonprofit Financial Statements: A Practical Guide

Klumpp, Lee

Ricciardella, Tammy

Accounting

wiley

John Wiley&Sons, Inc.

Checks & balances: The board member's guide to nonprofit financial audits

National Center for Nonprofit Boards

Financial Responsibilities of Nonprofit Boards (Governance Series (Boardsource (Organization)), 2.)

Finance

While nonprofit success is measured in more than just dollars, board members must maintain a close eye on the financial direction of the organization and its economic stability if they are to truly fulfill their fiduciary responsibility. This book uses nontechnical language to help board members gain a basic understanding of their financial oversight responsibilities and gives them a starting point for comprehending key financial data.

Financial Responsibilities of Nonprofit Boards, 2nd Edition

BoardSource

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