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Wiley GAAP 2007: Interpretation and Application of Generally Accepted Accounting Principles (Wiley Gaap)
Barry J. Epstein ,
Ralph Nach , and
Steven M. Bragg
Manufacturer: Wiley
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Accessories:
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Wiley GAAP 2007, CD ROM: Interpretation and Application of Generally Accepted Accounting Principles
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GAAP Implementation Guide
ASIN: 0471798207 |
Book Description
Wiley GAAP 2007 delivers the most recent developments and analysis of all generally accepted accounting principles (GAAP), restating the original, highly technical pronouncements in easy-to-understand terms and providing battle-tested implementation guidance.
Customer Reviews:
ACCOUNTING EXCELLENCE.......2007-06-27
We have purchased this for our own use and for the use of family members in the Accounting profession. If you are an accountant, this is a MUST.
Excellent .......2007-05-07
The shipment was timely. The book was in excellent condition. The price was right on time.
Great tool for Staying Current and Developing Staff.......2007-04-01
I have used this series for over ten years and find that it is easy to use and also helpful in developing my staff. It provides them a guideline through the complexities of financial accounting and also a good tool for understanding the Convergence of US GAAP and International Accounting Standards.
Thorough Coverage, Great Price.......2007-03-18
I had been purchasing the Miller GAAP Guide series, but got disgusted when they divided the subjects into 3 or 4 volumes and charged more for each volume than what they used to charge for the single comprehensive book. I decided to give Wiley a try to see if it would meet my needs for about $300 less. So far, it has given a good accounting of itself (pun intended), answering questions on leases, cash flow statements, and auditor reports. Before shelling out the big bucks for Miller or the Prentice Hall books, give Wiley a try. Amazon has the best price that I could find for it, substantially less than the publisher's web site.
Review for the book.......2007-01-12
Such book is the one that I am looking for a long time. In China, I can't find the place to buy such book, and I am very satisfied the service of Amazon. Thanks!
Book Description
Your one indispensable guide to IFRS compliance
International Financial Reporting Standards (IFRS), originally known as International Accounting Standards (IAS), have existed since the mid-1970s but have only received significant attention from standard-setters, preparers, and users of financial statements in recent years. The IASB's restructuring in 2001 introduced due process procedures which conveyed added credibility upon the standards it promulgated, while other events, such as the epidemic of financial reporting frauds in the late 1990s and early 2000s helped foster the perception that the diversity of national financial reporting standards needed to be addressed and resolved, to ease the burden of investors and facilitate the international flow of capital. Seminal events included the qualified acceptance of IFRS by the International Organization of Securities Commissions (IOSCO), and the mandate for all European Union-chartered publicly-held companies to report consolidated financial statements under IFRS beginning in 2005. As other major nations either formally adopt IFRS (e.g., China) or heavily incorporate them into nominally national GAAP (e.g., Australia), and as several major private sector standard setters (in the US and UK, most notably) have committed to "converge" to IFRS, the importance of IFRS to the future of financial reporting is assured.
Wiley IFRS 2007 is the comprehensive source for guidance in applying IFRS to complex, real-world fact situations, and is equally valuable for preparers, auditors, and users of financial reports. To facilitate the reader's understanding, both examples created to explain particular IFRS requirements, and selections from actual published financial statements, are copiously provided throughout the book, illustrating all key concepts. Also included in this edition are a revised, comprehensive disclosure checklist; an updated, detailed comparison between US GAAP and IFRS, keyed to chapter topics; and discussions of major ongoing IASB projects which may have significant impact on readers' responsibilities over the coming year, including IASB's controversial attempt to define IFRS for smaller companies.
The revised 2007 edition addresses important and complex requirements such as those pertaining to the accounting for:
* Financial instruments
* Loss contingencies
* Business combinations
* Employee benefits
* Foreign currency-based transactions
The 2007 edition continues detailed coverage of all previously issued IAS and IFRS standards and SIC and IFRIC interpretations, including the complex but important financial instruments guidance of IAS 32, IAS 39, and IFRS 7. New examples have been added to every chapter. Other complex areas of financial reporting receiving expansive coverage include:
* Leases
* Revenue recognition
* Employee benefits
* Consolidated financial reporting
* Impairment of assets
* Agriculture
* Insurance
* Extraction of minerals
Customer Reviews:
I still didnt receive it.......2007-05-14
I still did not receive it.... hopefully it will happen soon
Fast, hassle free.......2007-05-12
The book has arrived on time, in good condition and hassle-free. IFRS 2007 is a nice tool for International Financial Reporting Standards. I recommend this book to anyone who is interested.
Thanks.
Book Description
The most practical, authoritativeguide to not-for-profit GAAP
Wiley Not-for-Profit GAAP 2007 is a comprehensive, easy-to-use guide to the accounting and financial reporting principles used by not-for-profit organizations. It is written with the needs of the financial statement preparer, user, and attestor in mind. It provides a complete review of the authoritative accounting literature that impacts all types of not-for-profit organizations. At the same time, Wiley Not-for-Profit GAAP 2007 features many examples and illustrations that will assist the reader in applying authoritative literature to real-life situations. Wiley Not-for-Profit GAAP 2007 excels in providing financial statement preparers, users, and attestors with the most comprehensive and usable information because of these features:
* Easy-to-use information that enables the reader to find needed information quickly
* Coverage of accounting principles specifically related to not-for-profit organizations, as well as accounting principles applicable to all types of organizations
* Specific coverage of accounting issues for different types of not-for-profit organizations
* A comprehensive disclosure checklist that helps financial statement preparers and attestors ensure that all disclosures required by GAAP have been considered
* Many examples and illustrations that make putting accounting theory into practice an easy task
This 2007 Edition also includes new information covering:
* FASB 155, Accounting for Certain Hybrid Financial Instruments
* FASB 156, Accounting for Service of Financial Assets
* FASB 157, Fair Value Measurements
* FASB 158, Employer's Accounting for Defined Benefit Pension and Other Post-retirement Plans
* Update of FASB project on accounting for not-for-profit organization mergers and acquisitions
Wiley Not-for-Profit GAAP 2007 strives to be a thorough, reliable reference that you'll use constantly. It's designed to be kept on your desk rather than on your bookshelf.
Download Description
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 that 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 .
Book Description
- Stephen Nelson's previous For Dummies guides to Quicken have sold more than 900,000 copies
- Quicken has more than 16 million active users and 75 percent of the personal finance software market
- Shows people how to get their finances under control quickly and easily using Quicken
- Covers online banking and bill paying, tracking credit cards, managing loans, maximizing investments, calculating interest, preparing payroll, setting up accounts, creating reports, and more
- Completely updated to cover the latest features and enhancements in the new version of Quicken
- Published in conjunction with the release of Quicken "X"
Customer Reviews:
Good Book.......2007-04-03
This book, like most all the Dummy books, was full of good,hidden information. It is worth the money.
Excellent Way for the First Time User to Get Started.......2006-12-10
I got audited once by the IRS. When I went in I took four or five inches of paper, most of it generated on the computer by Quicken. Any question I was asked I simply pulled out the appropriate printout to show how I had gotten to the number I had put on the form. I can't say how much having all this documentation saved, but I suspect it was substantial.
Quicken is probably the most popular generalized accounting packaged in use by individuals and small businesses. Over the years it has gotten better and better. So have the books that describe Quicken. This book describes the new Quicken 2007. The author uses the Premier version, but most of what he discusses is applicable to any version, (Premier has more stuff on handling investments). In keeping with the Dummies Books Philosophy, it is written in a light and amusing manner while providing the information needed to get the most out of the software package.
Also, as a 'Dummies' book, this book really isn't intended for dummies, but for people with little or no experience with Quicken. As such, some of the fancier features are not treated with the depth you might want if you're already a Quicken user.
But if you're just getting started with Quicken you'd have to look a long ways to find a better place to start.
Best for total beginners.......2006-10-01
This book is geared for people that are brand new to Quicken entirely, not just Quicken 2007. If you have EVER used Quicken at any point in your entire life, you will find this book too elementary. I was hoping to learn some hints and tricks that I didn't already know, and perhaps how to take advantage of the improvements that Quicken 2007 offers over Quicken 2005. I didn't find that in this book.
I was particularly disappointed in the way the author almost totally ignores the online capabilities of Quicken and its ability to help you track investments. He basically says you shouldn't be worrying about these things, so he's not going to talk about it.
But if you need help with such things as backing up a file and balancing your checkbook, you may find the book helpful.
Mutual Funds.......2006-09-19
although quicken will do quite a bit at allowing you to evaluate and review your mutual funds from several brokers at one time, mr nelson says you do not need to do this as you can get the info from the brokers directly. the quicken help screens are very frustrating. fiddle with the menus a while and you can get pretty good info on your funds.
Book Description
Here's what you need to become your own accountant! If you love running a business, but despise keeping the books, this is
the book for you! Revised throughout to cover the latest updates and enhancements made to QuickBooks, Quickbooks 2005 For Dummies covers the basics, walks you through the software installation, and guides you step-by-step through various accounting functions, including:
- Creating invoices and credit memos
- Tracking accounts receivable and payable
- Paying bills
- Monitoring and managing inventory
- Balancing the books
- Printing checks or paying with plastic
- Doing your banking online
- Processing payroll
Written by Stephen Nelson, the author of more than 100 books, including all editions of QuickBooks For Dummies, Quickbooks 2005 For Dummies takes you beyond everyday accounting tasks and helps you use information to boost your productivity and profits by:
- Generating and sharing financial reports
- Building budgets
- Efficiently estimating, billing, and tracking jobs
To expedite your bookwork and grow your business by the numbers, you don’t have to hire expensive consultants or become a CPA; just become a QBE—a QuickBooks Expert. With this book and your QuickBooks software, everything you need to know is at your fingertips!
Download Description
- Gives small businesses the know-how they need to make the most of QuickBooks, get their finances in order, and boost productivity and profits
- QuickBooks has 3 million users, and Intuit sells approximately 1.2 million copies of the new version every year, making QuickBooks by far the leader in small business accounting software with an 85 percent market share
- Small businesses (those with fewer than 500 employees) represent 99.7 percent of all U.S. businesses and employ more than half of all private sector employees
- Shows how to use QuickBooks to create invoices, pay bills, process payroll, print checks, manage inventory, balance the books, generate financial reports, back up data, build a budget, estimate projects, and more
Customer Reviews:
Turning Dummies into smarties :).......2007-05-17
I have had my Quickbooks software for almost two years now. The only part of the whole entire download I could ever figure out how to use was my employees information files, and sending invoices. I own a construction company and have no bookkeeping education, and figured my investment was a very big waste of money. The language was geared towards college graduates in the field. The different catagories did not pertain to my business needs...and without understanding what those catagory titles meant to begin with...I may have well been reading greek. My last resort before scrapping the whole intire software and hiring a firm to do my bookkeeping, was to buy the Dummies book for Quikbooks. Within the first hour of reading a few pages..and scimming over topics of importance to me and my company..I was entering invoices that had been paid, setting up ledgers, writing payroll checks etc. My first dealings with the Dummies books was years ago when I happened across one that was Internet for Dummies. Every Dummies book since then has been nothing short of a blessing to me. They ALL are so brilliantly worded and illistraited, that it is as if someone is standing right in front of you talking to you in every day lamen language. I truly believe that anyone who has a problem with anything where there is a Dummies book to help on that subject...you'd be a fool not to buy it. I look forward to having my own library section of Dummy books and will continue to learn learn learn!
My user likes it........2007-03-08
I am a network administrator, so I don't use this book directly. It seems to serve my end user's purpose though, so from that perspective it's a good book.
quickbooks for dummies.......2007-01-11
All of the 'dummies' series of books have been helpful. This one is no exception. Whenever the 'docs' from any program are written for programmers, I turn to this series to find out how to really run the software. It should be included with the software package.
Quickbooks 2005 for Dummies - Good for new users!.......2006-11-05
The Quickbooks 2005 for Dummies Book worked quite well for me... Well written with plain english explainations it got me going. It is understandable even if you don't understand the accounting lingo. This book does not assume that you are an expert at operating a computer either. It is great for beginners that have to do the accounting for a small business themselves and yet don't have a lot of accounting experience. It explains everything needed to perform the most needed accounting functions of a small business.
The only reason the book I didn't give the book 5 stars was that it doesn't cover some of the more advanced features of Quickbooks 2005 which I still need to learn. But this book was written for the person that needs to computerize their small business accounting quickly.
Pleased with content.......2006-03-21
I was greatly pleased with the thorough explinations in this book. Easy to read and follow. Written in 'layman' terms.
Book Description
With tax laws constantly changing and existing regulations hidden in volumes of tax code, nothing related to taxes is easy to figure out. Businesses and individuals in every income bracket need expert advice that cuts through the IRS bureaucracy and shows them how to work within the system. In What the IRS Doesn't Want You to Know: A CPA Reveals the Tricks of the Trade, tax expert Martin S. Kaplan reveals critical strategies that the best CPAs use for their clients to file shrewd, legal, money-saving returns.
Filled with in-depth insights and practical advice, this book will help you answer such questions as:
- How can you approach the "new" IRS to maximize your tax return success?
- What are the latest IRS weapons?
- What are the biggest taxpayer misconceptions?
- What are the most commonly overlooked credits and deductions?
- How will new tax legislation affect you?
- How can outdated IRS technology benefit you?
- What forms should you never fill out?
From deciphering the Jobs and Growth Tax Relief Reconciliation Act of 2003 to understanding the personality of the IRS, What the IRS Doesn't Want You to Know will help you shape your tax strategies and stay on top of your current financial situation.
Download Description
A behind-the scenes look at how to get along with and stay ahead of the IRS
With tax laws constantly changing and existing regulations hidden in volumes of tax code, nothing related to taxes is easy to figure out. Businesses and individuals in every income bracket need expert advice that cuts through IRS bureaucracy. What the IRS Doesn't Want You to Know will help clear the air on this important issue. It explains the latest IRS targets and weapons, describes how to work with the personality of the IRS to get ahead, and dispels the biggest misconceptions taxpayers have about their returns. Readers will be introduced to the latest tax laws and learn about their rights as a taxpayer. To help readers avoid the most common taxpayer pitfalls, What the IRS Doesn't Want You to Know also examines taxes in relation to IRAs, refunds, gifts, and inheritances, and reveals what forms should never be filled out as well as how taxpayers are really targeted for audits.
Martin S. Kaplan (New York, NY) has been a certified public accountant for more than thirty years and is a member of Geller, Marzano Company, CPAs.
Customer Reviews:
Problems with the IRS.......2007-09-07
Kaplan does an in-depth job of outlining problems within the IRS structure. Like most tax writers, the information tends toward avoiding an audit. The chapter on misconceptions of tax information is exceptional and with 45 million self-employed tax payers this is a group who are subjected to frequent audits. This number is rising as companies are down sizing and young people skilled in computer technology enter to workforce as small business owners.
This is an older volume, published in 2003 and some of the material is dated. If there is one area impossible to keep current without annual installments it is federal taxes.
Good information to have if you are studying taxes, but as help for the individual seeking information in their particular area it is lacking.
Nash Black, author of "Taxes, Stumbling Blocks and Pitfalls for Authors 2007."
How to Beat the IRS.......2006-01-28
Keeping up with all the IRS rules and regulations can be a real hassle. The tax code keeps getting more and more complex every year, in spite of countless promises by politicians to "simplify" the system.
This book does give some useful tips on how to avoid taxes. It points out specific ways that you can legally reduce your tax burden, along with key mistakes to avoid, unless you like the idea of being audited.
This book is written in an outline format, with boldface and bulleted text throughout. This is helpful, for finding specific information. You can quickly turn to a chapter that interests you, and then narrow down your reading by looking for the sub- topic that interests you.
Thw way this book portrays the the American tax system might not sit too well with some people. The author talks about the IRS, not necessarily as a great, friendly institution, but not as something to take caution with, either. He paints a picture of the IRS as being a firm, but reasonable institution and points out that we should not fear the IRS at all. We all can think of many, many occasions where this has not been the case. The IRS has abused its authority in many instances, and many feel that some of its unethical actions are directly the result of political manipulation against enemies, like in the case of auditing of high- profile individuals. But this book avoids talking negative, making the IRS seem like an institution that is reasonable and accommodating.
This book shows the reader many ways to avoid taxes, and much of the advice is sound, but I found this book to be a yawner overall. It's one of those books that could be viewed as a reference book, or a reading book. However, if you try to read the book from cover to cover (it's more than 450 pages in length), don't be surprised if your eyelids seem to become very heavy after every few pages of reading. This isn't exciting material, and it can induce drowsiness quickly.
This book has been updated and revised many times to keep it current with the ever- changing tax laws. It's the type of book that becomes outdated very quickly, and needs constant revisions to keep up with the times. My edition is already a couple years old, and I can already see where the technology chapter is way behind.
This is an ok book to have around, as a reference guide to reducing taxes and complying with IRS rules. If you don't want to pay a tax professional and you enjoy the challenge of working on your own taxes, then this book could prove to be very beneficial. For everyone else, it will likely just sit on a shelf and collect dust. Buy it only if you feel that you really need it.
Insightful.......2002-06-07
I bought TaxCut software, then read this book, I end up with a tax professional to do my 2001 tax. I am glad I read this book though, I avoided making mistakes and I followed carefully to my tax attorney's advice. This book is informative and insightful.
Solid, up-to-date tax advice for 2002.......2002-03-28
Now available in a revised and updated eighth edition, What The IRS Doesn't Want You To Know: A CPA Reveals The Tricks Of The Trade is a compendium of solid, up-to-date tax advice for 2002. Chapters survey such topics as what the latest IRS targets are; ten ground rules one must never break to win with the IRS; the thirty-four greatest taxpayer misconceptions; commonly overlooked credits and deductions; what forms should never be filled out; new tax laws enabling an innocent spouse to get out of debt; how to plan IRA and pension plans; the latest taxpayer rights; and what IRS people are really like and how to work with them. What The IRS Doesn't Want You To Know is a highly practical book and strongly recommended reading for every taxpayer!
Incorporating? If so, this is a wonderful text!.......2000-02-22
My annual salary grew steadily each year since graduating from college in 1994. However, there was hardly any money to pay off my credit card bills and forget about nice vacations or investing! I'd had enough. I heard of IT jobs that paid $50/hr. (or more). One day I had a conversation with an IT contractor with 7 years experience. This man had incorporated his own business and suggested that I did for the tax benefits. However, he was not very articulate as to EXACTLY what benefits there were to incorporating. I had to know. So I purchased Marty Kaplan's 3rd edition in late 1997. On May 20, 1998 I paid a law firm $300 to formally incorporate my very own company. I was instanly a President!(I still get a kick out of my title!) I have been contracting ever since. I think that I would have been contracting whether I purchased this book or not. However, Marty Kaplan's book provided a detailed comparsion between the different types of businesses. (i.e. sole proprietorship, partnership, Limited Liability Company, C-Corporations, & S-Corporations) Marty explained the financial realities, that precious few people understand. These truths showed me the pros and cons to each business model. All the financial decisions that I made were based on the information I gleened from this book. I assure you that I am infintely better off today than I would be if I were still at my 1998 job. But, what's more is that I'm better off today than I would be if I had contracted as a "W2 employee." (which is much easier in the beginning!) It was Marty's text that enlightened me! Also, Marty speaks plainly about being audited - "...it may happen and don't panic." Marty is completely ethical. His text simply shows readers how to prevent raising red flags. (i.e. certain IRS forms have been found to be guaranteed red flags and Marty advises how to legitamately report those same expenses on the "right" forms) Marty provides excellent anecdotes that will help readers predict the IRS's behavior and steer clear of its wrath. Marty spends the remainder of the book showing you how to maximize your legitimate deductions while minimizing your tax liabity. This book paid for itself in a split second. Thank you Marty!
Book Description
Wiley CPA Examination Review Impact Audios, Second Edition contains dynamic lectures on vital parts and modules of the new computerised CPA Examination. The audios are designed to facilitate memory and reinforce key concepts. They are filled with mnemonic devices, exam strategies, and a thorough review of the skills and concepts needed to pass the exam.
Book Description
Wiley CPA Exam Review 2007: Business and Concepts arms test-takers with detailed outlines, study guidelines, and skill-building problems to help candidates identify, focus on, and master the specific topics that need the most work. It’s all the information you need to master the computerized CPA exam!
Book Description
Do a quick take on QuickBooks and you’ll wonder where it’s been all your life. If you’re running a small business, you need an accounting system that monitors profits, losses, and expenses without costing an arm and a leg. And if you’re running your own business— when you’re trying to do everything, including things like, well, actually selling something—you need a good solid software system that stays one step ahead of you. QuickBooks 2006 is that software. Record invoices, pay bills—QuickBooks will crunch the numbers and keep you on track.
Now you can add another member to your team: QuickBooks 2006 For Dummies. This helpful book is loaded with the latest information, features, and expert advice you need to make the best use of the software. Pop open the book, and you’ll quickly start getting the basics in plain English. Written for those of us who aren’t CPAs, this down-to-earth guide explains how to:
- Create invoices and credit memos
- Produce income statements and financial reports
- Process payroll and simplify tax preparation
- Estimate, bill, and track expenses
Author Stephen Nelson not only has an MBA, a CPA and expertise in teaching the rest of us about QuickBooks, he also teaches other CPAs how to teach the rest of us about QuickBooks. You’ll feel like you’ve got a knowledgeable and humorous buddy at your side as you learn how to:
- Streamline bill paying with online banking and electronic checks
- Set up a workable chart of accounts and a good working budget
- Keep track of inventory, fixed assets, and vehicle mileage
- Handle selling a depreciable asset—and nine other “Tricky Situations”
- Figure out your break-even point—and nine more “Secret Business Formulas”
- Install QuickBooks in ten easy steps
If you handle the financial parts of your business like a pro, you’re free to concentrate on what you do best. QuickBooks 2006 For Dummies is the fun and easy way® to get started!
Customer Reviews:
Disappointed.......2007-07-15
I agree with everything Keltic Kat said. I've never written a book review before, but this book annoyed me so much that I felt compelled. Maybe it's helpful for those who have no accounting knowledge. Personally, I thought it would be much more informative; as I'm reading it, I'm getting frustrated with the "you don't need to know that" crap. I bought the book because I DID want to know that crap. Ugh.
Good Ole' Dummies.......2007-07-11
I love the Dummies series of books, they always do a good job of laying things out for the non-expert (which is why most of us buy them right?)
This book is no exception, it does a very good job of getting you into and using QuickBooks. I doubt the book will make you an expert but if you need to get started right away, maybe you have a job interview on Monday for example, then this book is the way to go.
Gets you oriented with QuickBooks, But......................2007-05-15
The Good: This book will give you a basic outline of how QuickBooks works. When you have completed reading through, you will be somewhat familiar with navigating through QuickBooks, and you will find yourself frequently going back to the book to find the exact instructions to take you through the necessary steps.
The Not-so-Good: Steve Nelson is an accountant. This is the main theme of the book. His suggestions that you speak with your CPA about this and about that, to use a CPA for payroll and to show you how to set up QuickBooks is somewhat strange. Why buy the book if you need to ask an accountant to show you anyways? He does give a basic beginners guide to using QuickBooks, but if you are looking for advanced instructions, all you get is his constant refrain, "Ask your CPA." "Consult the online help at QuickBooks.com" There is no mention of anything with regards to importing data, or preparing quarterly income tax filings. The instructions regarding the initial set up of QuickBooks are somewhat skimpy. This is definitely not the bible for QuickBooks........ for that, you'll need to see your CPA or consult online help.
QuickBooks 2006 for Dummies.......2007-02-19
I thought the section on setting up a chart of accounts was very limited and superficial and the ability to print out your chart of accounts was most confusing. I use quickbooks on line and setting up my accounts using QuickBooks for Dummies was not much help.
QuickBooks 2006 For Dummies (For Dummies ).......2007-01-18
Good reference for fast help while in the learning curve or just forgotten something.
Book Description
A practical, introductory guide to the fundamentals of not-for-profit accounting
Not-for-Profit Accounting Made Easy focuses on accounting fundamentals for those who run financial and accounting operations in not-for-profit organizations but do not have a professional understanding of accounting principles and financial reporting. It explains complex accounting rules in terms nonaccountants can easily understand in order to help them better fulfill their managerial and fiduciary duties. Always practical and never overtechnical, this helpful guide conforms to FASB and AICPA standards and:
- Shows how to read and understand a not-for-profit financial statement
- Explains financial accounting and reporting standards
- Helps managers and other nonaccountants become conversant in the rules and principles of accounting
- Updates board members, executive directors, and other senior managers on the accounting basics they should know for day-to-day operations
- Features tables, exhibits, and charts that illustrate the content in a simple and easy-to-understand manner
Suitable for fundraising managers and executives-as well as anyone who needs to read and understand a not-for-profit financial statement-this is the ultimate not-an-accountant's guide to not-for-profit accounting.
Customer Reviews:
Better than college textbooks.......2006-03-21
The author wrote this book assuming that non-financial people need to understand accounting, making this easy to read and understandable. Having gone through a college course on accounting, and being forced to use three other books (which were also worthless), I only wished I read this book first. Although it's designed for not-for-profit organizations, it explains the differences with for-profit organizations, and explains why certain things can be done, or can't be done. For anyone who is starting fresh, starting a new company, or planning on taking accounting in college, I would strongly recommend you invest $30 (my accounting textbook was over $100) and the first chapter alone, summarizes the the first 10 chapters of several college textbooks.
small non-profit organization treasurer.......2006-02-27
This book is not for bookkeepers. It is more for accountants who want to understand non-profit accounting. If a bookkeeper needs to know the proper day to day and month to month entries for this kind of organization, than this book is not for you.
However, if you are an accountant, you may be able to glean good information about the basic philosophy of non-profit organizations, such as account set-up and reporting.
Soporific and Overly Wordy........2004-09-17
Reads like a law textbook. Author often uses three sentences where one would do. Much ink is wasted telling the reader "we won't go into that here, but Chapter "X" deals exclusively with that." Concepts are understandable for those with an accounting background, but definitely would not recommend to someone without a solid grasp of accounting fundamentals. Author should have hired a writer to help him smooth out his writing style. Not recommended.
Accounting Made Difficult.......2003-09-27
If you are looking for a straightforward, easy-to-read explanation of not-for-profit accounting, keep looking. I ordered this book recently and while the first chapter provides some useful defintions, the rest of the book is mind-numbing. In fact, I gave up after chapter 3. If you have to re-read paragraphs two and three times to understand what the author is trying to say, then it's not "accounting made easy."
In addition, the examples of financial statements only offer "XXX" rather than actual numbers. Samples with actual numbers would have been much more useful.
Charity Channel (www.charitychannel.com) also gave this book a negative review.
There are better guides out there.
Very good, but not quite "easy".......2002-09-22
This book is exactly what I (as a newly-minted board member) needed to help me figure out some of the oddities and kinks in nonprofit financial reports. Information is presented clearly and logically.
Only two little problems kept me from awarding five stars.
1. If you have no accounting background at all, you may find it difficult to make sense of some parts of the book. At several points, a general familiarity with accounting concepts and terms is assumed. I had taken an introductory accounting class a few years ago at a community college, and with that background, had no trouble at all with the book. I suspect that if I'd read this book before taking that class, I would have given up in hopeless confusion after the first chapter. Be warned.
2. The book contains examples of financial reports. That's good. Unfortunately, it shows all the dollar amounts as "$XXXX.XX" or similar. That's bad. It would have been much better to construct an example with actual numbers, so the reader could see which numbers flowed where.
If you know even a little bit about accounting, and you are involved with the finances of a nonprofit organization (staff, board, major donor), this is a valuable resource.
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