Homework: Financial Reporting Review of a Not-For-Profit Organization
Write a 3 to 5 pages paper in which you do the following:
1) Analyze the selected not-for-profit's financial statements to determine if the statements conform to the Financial Accounting Standards Board (FASB) guidance in Financial Statements of Not-for-Profit Organizations.
2) Explain the selected organization's use of the three fund categories.
3) Recommend at least two areas of potential interest to the stakeholder concerning the status of revenue and expenses.
4) Analyze the organization's statement of cash flows.
5) Explain the format that the organization utilizes, including any unique areas of emphasis that differ from the GAAP accounting format.
6) Compare the organization's reporting of pledges and contributions to reporting of exchange transactions. Discuss the funds that are used.
7) Assess the fiscal condition of the selected organization, interpreting financial indicators and using financial ratios widely accepted as being indicative of fiscal health.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.