TAILIEUCHUNG - Lecture Accounting for Governmental and Nonprofit Entities (16/e): Chapter 14 - Jacqueline L. Reck, Suzanne L. Lowensohn

Chapter 14 - Not-for-profit organizations - Regulatory, taxation, and performance issues. After studying Chapter 14, you should be able to: Identify oversight bodies and the source of their authority over not-for-profit organizations (NFPs); describe how and why states regulate NFPs; describe not-for-profit incorporation laws, registration, licenses, and tax-exemption;. | Accounting for Governmental & Nonprofit Entities JACQUELINE L. RECK SUZANNE L. LOWENSOHN 17/e Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1 Not-for-Profit Organizations – Regulatory, Taxation and Performance Issues C H A P T E R 14 2 Learning Objectives 14-1 Identify oversight bodies and the source of their authority over not-for-profit organizations (NFPs). 14-2 Describe how and why states regulate NFPs and describe the following: Not-for-profit incorporation laws. Registration, licenses, and tax exemption. 3 1 Learning Objectives 14-3 Identify how the federal government regulates NFPs and describe the following: Tax-exempt status—public charities and private foundations. Unrelated business income tax. Restricting political activity. Excessive benefits received by officers. Reorganization and dissolution. 4 1 Learning Objectives 14-4 Describe governance issues of NFP boards, including incorporating documents and board membership. 14-5 Identify how benchmarks and performance measures can be used to evaluate NFPs. 5 1 Creation of a Not-for-profit Not-for-profit Incorporation Laws A group of individuals who share a philanthropic or other vision may operate as an unincorporated association if the association is small or if the organizers expect the endeavor to have a limited life; however, organizers are treated as partners and share liability for any debts incurred by the association. If the organization plans to grow into a long-lived operation, organizers may choose to file articles of incorporation with a state under the not-for-profit corporation statutes or charitable trust laws to create a legal entity and limit the liability of the incorporators and directors. Not-for-profit Incorporation Laws State and/or Local Government Regulations Application to operate under an assumed name. Application to incorporate as a not-for-profit corporation or a limited .

• Kế toán - Kiểm toán
• Accounting for Governmental
• Nonprofit entities
• Accounting for Nonprofit Entities
• Financial reporting
• Financial reporting standards
• Financial reporting for Governmental
• Not for profit organizations
• Budgetary accounting
• Government wide financial statements
• Governmental funds
• Governmental accounting course
• Competencies of recent graduate
• Gap between Theory and Practice
• Governmental accounting education
• Governmental accounting technique
• Governmental organizations
• Performance budgeting
• Budgeting governmental
• Governmental operating statement accounts
• Not for profit accounting
• Recognizing revenues
• Recognizing expenditures
• Generally accepted accounting
• Local government financial reporting
• Reporting perspectives
• Tax exempt organizations
• Performance evaluation
• Governmental auditing
• Accounting information
• Fund financial statements
• Governmental financial performance
• Performance measurement
• Accounting for colleges
• Other accounting issues
• Accounting for hospitals
• Health care providers
• Fund accounting
• Revenue funds
• Special revenue funds
• Local governments
• Required financial statements
• Internal financial trend monitoring
• Financial position
• Single audits
• Audit process
• Statement of cash flows
• Performance measures
• Annual compliance reporting
• Operating statements