USCPA考點丨Not for Profit Accounting

AICPA的考生一定要重視Government, Not-for-Profit Accounting的學(xué)習(xí)與練習(xí)，因為該部分占整個考試的15%－20%，是屬于投入時間至少，產(chǎn)出至高的部分，但是容易被大家忽略。網(wǎng)校教學(xué)老師為大家整理了USCPA考點丨Not for Profit Accounting，快快收藏！

一般考生在實際工作中不會遇到Government, Not-for-Profit Accounting會計處理?？v使在美國讀Accounting專業(yè)的同學(xué)，Government, Not-for-Profit Accounting也是屬于Advanced Accounting范疇，不少老師授課時也會選擇簡單介紹這些章節(jié)。

考生在考試過程中可能遇到將近有20題Governmental, Not-for-Profit Accounting的選擇題和1道Not-for-Profit的Simulation，下面介紹一下Not for Profit Accounting.

Introduction:

Key differences

·Cash from contribution, donation, service charge, membership fee, etc.

·Oriented at serving the common good

·Ownership （charity, fund, society, etc.）

·Operating surplus used for not for profit purpose

Industries adopting NPF accounting

·Health care organizations

·Educational institutions

·Voluntary health and welfare organizations

·Other private NFP organizations

·私立非盈利性醫(yī)院、養(yǎng)老院、護理院

·私立非營利性學(xué)校、教育機構(gòu)

·志愿衛(wèi)生與健康機構(gòu)（如紅十字會）

·文化、藝術(shù)公益機構(gòu)、職業(yè)協(xié)會

Financial Reporting:

Rule of Financial reporting

·Subject to FASB(the Financial Accounting Standards Board) rule, no GASB( the Government Accounting Standards Board) rule

 ·Governmental not-for-profits (for example, a state university) are governed by (GASB)

· Full accrual accounting, no fund accounting(The external financial statements of not-for-profit entities do not present funds. The focus of the financial statements is on the basic information of the organization taken as a whole)

Required Financial statements

·Statement of financial position （“BS”）

·Statement of activities （“IS”）

·Statement of cash flows （“CF”） Financial statements provide users information about the services, the ability to continue services, and the stewardship responsibility.

Reporting Expenses by Nature and Function

·Must be in one Location: On the face of the Statement of Activities or As a schedule in the notes to the financial statements or In a separate financial statement (no specific title provided by the FASB).

·Functional expenses: program and support services. Program services relate to the purpose and mission of the not-for-profit organization; support services relate to such activities as management and general, fundraising, and membership development.

·Natural expenses: include such descriptions as salaries, rent, utilities, interest expense, supplies, etc., similar to general ledger titles for expense.

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