Title: A Picture Book of Nonprofit Financial Statements
Author: Thomas R. Ittelson
Publisher: Mercury Group Press, Cambridge, MA
ISBN: 978-0-9971089-1-0 (paperback)
(Kindle coming soon)
Price: $15.95 (paperback)
Published: April 16, 2017
A Picture Book of Nonprofit Financial Statements
With New 2017 Accounting Standards Update.
A simple, visual guide to nonprofit financial statements! No prior accounting knowledge necessary. All in pictures!
Accounting is just recording every event (transaction) that has financial impact on the organization—money that comes in and money that goes out. The four main financial statements of a nonprofit organization just summarize and document all these transactions, often millions of them!
1. Statement of Activities
2. Statement of Financial Position
3. Statement of Cash Flows
4. Statement of Functional Expenses.
This book will give everyone involved with nonprofit organizations enough financial understanding to review the financial statements and ask questions necessary to fulfill their fiduciary duty to their organization.
No prior accounting knowledge is required. No jargon is used and complete definitions of all necessary terms are supplied. Focus is on key nonprofit accounting and financial reporting concepts and on communicating “the numbers” efficiently for effective use in oversight and decision-making.