How to Read Nonprofit Financial Statements

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<p><b>EXPERT GUIDANCE ON HOW TO READ, INTERPRET, AND USE NONPROFIT FINANCIAL STATEMENTS—UPDATED FOR THE NEW FASB STANDARD RELATED TO NONPROFIT FINANCIAL REPORTING (ASU 2016-14)</b><p>If you're an executive or volunteer leader at a nonprofit who is unfamiliar with the formats and language of financial statements, this book fills you in on how to read and correctly interpret those critical documents. If you're a seasoned pro who wants to brush up on your skills while familiarizing yourself with the latest FASB nonprofit reporting standards, this is the only guide you need.<p>The intent behind creating the ASU 2016-14 was to improve the clarity and usefulness of nonprofit financial statements, but making sense of those statements can still be tough going for the uninitiated. Accountants and non-accountants alike who use and prepare nonprofit financial statements need guidance on how to interpret and implement the new FASB standard. 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><li>Steers you, line-by-line, through financial reports, providing explanations of differences between the old and new standards</li><li>Provides numerous illustrations that help you quickly feel at home with the format of nonprofit financial statements</li><li>Offers exercises that help you gain insight into the concepts surrounding nonprofit financial statements and reinforce your command of those concepts</li></ul><p><i>How to Read Nonprofit Financial Statements, Third Edition</i> is an invaluable resource for everyone who reads, interprets, or prepares those all-important documents.

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<p><b>ANDREW S. LANG, CPA,</b> Potomac, MD, is President of LangCPA Consulting.<p><b>WILLIAM D. EISIG, CPA,</b> McLean, VA, is Atlantic Managing Partner BDO USA, LLP and Executive Director of the BDO Institute for Nonprofit Excellence^SM.<p><b>LEE KLUMPP, CPA, CGMA,</b> McLean, VA, is the National Nonprofit& Education Industry Group Audit and Accounting Technical Director at BDO USA, LLP.<p><b>TAMMY RICCIARDELLA, CPA,</b> McLean, VA, is a Director at BDO Institute for Nonprofit Excellence^SM.

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